Cambridge Investment Research Advisors Inc. lifted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,661 shares of the aerospace company's stock after buying an additional 2,588 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Lockheed Martin were worth $32,905,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. LaFleur & Godfrey LLC raised its holdings in shares of Lockheed Martin by 18.0% during the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock worth $562,000 after acquiring an additional 176 shares in the last quarter. Eagle Capital Management LLC raised its holdings in shares of Lockheed Martin by 0.3% during the fourth 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 in the last quarter. Brighton Jones LLC raised its holdings in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after acquiring an additional 191 shares in the last quarter. Hudson Portfolio Management LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter worth $256,000. Finally, Transcend Capital Advisors LLC raised its holdings in shares of Lockheed Martin by 6.0% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,719 shares of the aerospace company's stock worth $835,000 after acquiring an additional 98 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on LMT shares. Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Bank of America lowered Lockheed Martin from a "buy" rating to a "neutral" rating and cut their target price for the company from $685.00 to $485.00 in a report on Monday, March 24th. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a report on Wednesday, April 16th. Melius Research lowered Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin presently has an average rating of "Moderate Buy" and an average price target of $541.80.
Check Out Our Latest Stock Report on LMT
Lockheed Martin Stock Performance
Shares of Lockheed Martin stock traded down $0.16 during trading on Thursday, reaching $458.23. The company's stock had a trading volume of 1,589,017 shares, compared to its average volume of 1,352,553. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. The business's fifty day moving average price is $470.90 and its 200-day moving average price is $467.16. The firm has a market cap of $107.36 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 1.60 and a beta of 0.29. Lockheed Martin Corporation has a one year low of $418.88 and a one year high of $618.95.
Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The business had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. As a group, equities research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.
Lockheed Martin Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 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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