Buck Wealth Strategies LLC Has $9.01 Million Position in Lockheed Martin Corporation (NYSE:LMT)

Buck Wealth Strategies LLC grew its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 23.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 20,171 shares of the aerospace company's stock after buying an additional 3,831 shares during the period. Lockheed Martin makes up 1.6% of Buck Wealth Strategies LLC's investment portfolio, making the stock its 27th biggest holding. Buck Wealth Strategies LLC's holdings in Lockheed Martin were worth $9,011,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in LMT. First American Bank increased its stake in Lockheed Martin by 18.8% in the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock valued at $3,749,000 after acquiring an additional 1,327 shares during the period. Aquatic Capital Management LLC bought a new stake in Lockheed Martin in the fourth quarter valued at about $33,294,000. State of Wyoming increased its stake in Lockheed Martin by 93.9% in the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock valued at $541,000 after acquiring an additional 539 shares during the period. Cantor Fitzgerald Investment Advisors L.P. increased its stake in Lockheed Martin by 18.6% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock valued at $7,652,000 after acquiring an additional 2,686 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in Lockheed Martin by 3.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company's stock valued at $49,893,000 after acquiring an additional 3,809 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LMT. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a research note on Wednesday, April 16th. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price on the stock in a research note on Wednesday, April 23rd. UBS Group upped their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Wall Street Zen cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Finally, Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Price Performance

Shares of LMT stock traded up $1.61 during trading hours on Friday, reaching $470.21. 2,416,865 shares of the company were exchanged, compared to its average volume of 1,338,657. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The stock's fifty day moving average is $471.63 and its two-hundred day moving average is $467.91. The company has a market cap of $110.17 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 1.64 and a beta of 0.29. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The company had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.81%. Lockheed Martin's payout ratio is 57.02%.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.