Altrius Capital Management Inc boosted its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,059 shares of the aerospace company's stock after purchasing an additional 1,177 shares during the quarter. Altrius Capital Management Inc's holdings in Lockheed Martin were worth $4,494,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of LMT. GAMMA Investing LLC increased its holdings 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 worth $889,593,000 after purchasing an additional 1,986,600 shares during the period. Proficio Capital Partners LLC increased its holdings in Lockheed Martin by 53,784.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock worth $600,412,000 after purchasing an additional 1,233,275 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Lockheed Martin by 17.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after purchasing an additional 1,132,461 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in Lockheed Martin during the 4th quarter worth about $526,587,000. Finally, Leigh Baldwin & CO. LLC purchased a new stake in Lockheed Martin during the 4th quarter worth about $451,985,000. Hedge funds and other institutional investors own 74.19% of the company's stock.
Lockheed Martin Stock Performance
Shares of NYSE LMT traded up $1.61 during trading hours on Friday, reaching $470.21. The stock had a trading volume of 2,416,865 shares, compared to its average volume of 1,338,657. The firm has a market cap of $110.17 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.64 and a beta of 0.29. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The firm has a 50-day moving average of $471.63 and a 200-day moving average of $467.91.
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, beating 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 firm had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. Equities research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.
Lockheed Martin Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.81%. Lockheed Martin's payout ratio is 57.02%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on LMT. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Royal Bank Of Canada downgraded Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Wall Street Zen downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective on the stock in a report on Wednesday, April 23rd. Finally, UBS Group increased their price objective on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of "Moderate Buy" and an average target price of $541.80.
Read Our Latest Analysis on LMT
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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