Diversify Wealth Management LLC Boosts Stake in Lockheed Martin Corporation (NYSE:LMT)

Diversify Wealth Management LLC grew its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 24.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,869 shares of the aerospace company's stock after purchasing an additional 1,342 shares during the quarter. Diversify Wealth Management LLC's holdings in Lockheed Martin were worth $3,269,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Millstone Evans Group LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. bought a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $34,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $35,000. Redwood Park Advisors LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $42,000. Institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on LMT shares. TD Cowen reiterated a "hold" rating and set a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a report on Thursday. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Wells Fargo & Company dropped their price target on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Finally, Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Eleven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $531.47.

Lockheed Martin Price Performance

Lockheed Martin stock traded up $6.15 during midday trading on Monday, hitting $473.66. 1,486,456 shares of the company's stock were exchanged, compared to its average volume of 1,368,095. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95. The stock has a 50-day moving average price of $469.54 and a two-hundred day moving average price of $464.67. 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 company has a market cap of $110.98 billion, a P/E ratio of 20.46, a PEG ratio of 1.63 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $17.83 billion. On average, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share 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 2.79%. Lockheed Martin's dividend payout ratio is presently 57.02%.

Lockheed Martin 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.