Chapin Davis Inc. boosted its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 52.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,316 shares of the aerospace company's stock after acquiring an additional 797 shares during the quarter. Chapin Davis Inc.'s holdings in Lockheed Martin were worth $1,035,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $34,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at $35,000. Redwood Park Advisors LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.
Lockheed Martin Stock Down 0.0%
NYSE:LMT traded down $0.16 during trading hours on Thursday, reaching $458.23. 1,589,017 shares of the stock were exchanged, compared to its average volume of 1,352,553. Lockheed Martin Corporation has a twelve month low of $418.88 and a twelve month 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 50 day moving average of $470.90 and a 200 day moving average of $467.16. The stock has a market cap of $107.36 billion, a PE ratio of 19.79, a PEG ratio of 1.60 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 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The business had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. On average, equities analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.
Lockheed Martin Dividend Announcement
The business also recently declared 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. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.88%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a report on Wednesday, April 23rd. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Finally, Jefferies Financial Group decreased their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $541.80.
Get Our Latest Report on LMT
Lockheed Martin Company 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.
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