Lockheed Martin Corporation (NYSE:LMT) Shares Bought by Chapin Davis Inc.

Chapin Davis Inc. raised its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 52.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,316 shares of the aerospace company's stock after buying an additional 797 shares during the period. Chapin Davis Inc.'s holdings in Lockheed Martin were worth $1,035,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in LMT. Millstone Evans Group LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at $32,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Lockheed Martin during the 4th quarter valued at $34,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin in the fourth quarter valued at about $35,000. Redwood Park Advisors LLC bought a new position in shares of Lockheed Martin during the 4th quarter valued at $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Lockheed Martin in the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research reports. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Jefferies Financial Group reduced their price target on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company cut their price objective 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. Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective for the company in a research report on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned 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.

Lockheed Martin Price Performance

LMT opened at $470.21 on Monday. The stock has a 50-day moving average price of $471.63 and a 200-day moving average price of $467.91. Lockheed Martin Corporation has a 1 year low of $418.88 and a 1 year high of $618.95. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. The firm has a market cap of $110.17 billion, a PE ratio of 20.31, a P/E/G ratio of 1.64 and a beta of 0.29.

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, topping the consensus estimate of $6.34 by $0.94. The business had revenue of $17.96 billion for the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. Sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's payout ratio is 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.

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