Coastwise Capital Group LLC increased its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 442.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,211 shares of the aerospace company's stock after purchasing an additional 2,619 shares during the period. Lockheed Martin accounts for 1.2% of Coastwise Capital Group LLC's portfolio, making the stock its 20th largest position. Coastwise Capital Group LLC's holdings in Lockheed Martin were worth $1,434,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in LMT. GAMMA Investing LLC raised its stake in Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after acquiring an additional 1,986,600 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in Lockheed Martin during the 4th quarter valued at $526,587,000. Leigh Baldwin & CO. LLC bought a new stake in Lockheed Martin during the 4th quarter valued at $451,985,000. Capital Research Global Investors bought a new stake in shares of Lockheed Martin in the 4th quarter worth $229,987,000. Finally, Demars Financial Group LLC raised its stake in shares of Lockheed Martin by 47,002.5% in the 4th quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock worth $210,579,000 after buying an additional 432,423 shares in the last quarter. Institutional investors own 74.19% of the company's stock.
Analyst Ratings Changes
LMT has been the topic of a number of recent research reports. UBS Group lifted their target price on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price on the stock in a report on Wednesday, April 23rd. Wall Street Zen downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Finally, Truist Financial set a $554.00 price target on Lockheed Martin and gave the company a "buy" rating in a report on Friday, July 11th. Twelve investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $532.69.
Check Out Our Latest Analysis on Lockheed Martin
Lockheed Martin Trading Down 1.1%
Lockheed Martin stock opened at $464.14 on Friday. The business has a 50 day moving average price of $469.37 and a two-hundred day moving average price of $464.26. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. The stock has a market cap of $108.75 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.63 and a beta of 0.28. Lockheed Martin Corporation has a 12 month low of $418.88 and a 12 month high of $618.95.
Lockheed Martin (NYSE:LMT - Get Free Report) last issued 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 return on equity of 104.09% and a net margin of 7.66%. The business had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. As a group, equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.
Lockheed Martin Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.84%. Lockheed Martin's dividend payout ratio is 57.02%.
About Lockheed Martin
(
Free Report)
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.
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