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Berger Financial Group Inc Grows Position in Lockheed Martin Corporation (NYSE:LMT)

Lockheed Martin logo with Aerospace background

Key Points

  • Berger Financial Group Inc increased its holdings in Lockheed Martin Corporation by 3.8% in Q1, owning 17,269 shares valued at approximately $7.71 million.
  • The company has a quarterly EPS of $7.29, exceeding estimates, with a revenue of $18.16 billion for the quarter.
  • Lockheed Martin recently announced a dividend of $3.30 per share, reflecting an annualized dividend yield of 3.1%.
  • Want stock alerts on Lockheed Martin? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Berger Financial Group Inc raised its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,269 shares of the aerospace company's stock after acquiring an additional 627 shares during the period. Berger Financial Group Inc's holdings in Lockheed Martin were worth $7,714,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Eagle Capital Management LLC grew its position in Lockheed Martin by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after acquiring an additional 32 shares during the last quarter. Brighton Jones LLC raised its holdings in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Hudson Portfolio Management LLC purchased a new stake in shares of Lockheed Martin in the 4th quarter worth about $256,000. CenterBook Partners LP increased its stake in shares of Lockheed Martin by 97.4% during the fourth quarter. CenterBook Partners LP now owns 3,217 shares of the aerospace company's stock valued at $1,563,000 after purchasing an additional 1,587 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Lockheed Martin by 8.9% during the fourth quarter. Bessemer Group Inc. now owns 17,369 shares of the aerospace company's stock valued at $8,440,000 after acquiring an additional 1,423 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded down $5.07 during trading on Friday, reaching $425.68. The company's stock had a trading volume of 1,477,499 shares, compared to its average volume of 2,270,781. The company has a 50-day moving average price of $456.14 and a two-hundred day moving average price of $458.38. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The firm has a market cap of $99.38 billion, a PE ratio of 23.97, a P/E/G ratio of 1.49 and a beta of 0.27. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate of $6.57 by $0.72. The company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business's revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $7.11 EPS. On average, analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.1%. Lockheed Martin's dividend payout ratio (DPR) is currently 74.32%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Royal Bank Of Canada lowered their target price on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Jefferies Financial Group cut their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Finally, Vertical Research restated a "hold" rating and set a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Fifteen analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin presently has an average rating of "Hold" and a consensus price target of $506.65.

Check Out Our Latest Stock Report on LMT

Lockheed Martin Profile

(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.

See Also

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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