Mesirow Financial Investment Management Inc. Purchases 790 Shares of Lockheed Martin Corporation (NYSE:LMT)

Key Points

• Mesirow Financial Investment Management Inc. increased its holdings in Lockheed Martin by 17.4%, acquiring a total of 5,318 shares valued at $2,378,000.
• Lockheed Martin reported quarterly earnings of $7.29 EPS, surpassing estimates, but revenue was slightly below analyst expectations at $18.16 billion.
• The company announced a quarterly dividend of $3.30 per share, representing a yield of 3.15%, set to be paid on September 26th.

Mesirow Financial Investment Management Inc. increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 17.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,318 shares of the aerospace company's stock after acquiring an additional 790 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Lockheed Martin were worth $2,378,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Lockheed Martin by 41,104.9% during the first 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 last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of Lockheed Martin in the 4th quarter valued at $526,587,000. Leigh Baldwin & CO. LLC bought a new position in Lockheed Martin in the fourth quarter valued at about $451,985,000. Capital Research Global Investors acquired a new stake in Lockheed Martin during the 4th quarter worth approximately $229,987,000. Finally, Demars Financial Group LLC lifted its holdings in shares of Lockheed Martin by 47,002.5% during the fourth quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock worth $210,579,000 after purchasing an additional 432,423 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Down 0.3%

Shares of NYSE:LMT traded down $1.44 during midday trading on Friday, hitting $419.55. 172,294 shares of the company's stock were exchanged, compared to its average volume of 1,673,350. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a market cap of $97.95 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 1.47 and a beta of 0.28. The stock has a 50 day moving average price of $461.64 and a 200-day moving average price of $461.27.

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

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 3.1%. Lockheed Martin's dividend payout ratio (DPR) is 74.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LMT shares. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research note on Wednesday, April 16th. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Cowen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Truist Financial cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and cut their price target for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Finally, Vertical Research reissued a "hold" rating and issued a $460.00 price objective on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Fifteen research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of "Hold" and a consensus target price of $506.65.

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.