Lockheed Martin Corporation (NYSE:LMT) Shares Purchased by Optimist Retirement Group LLC

Optimist Retirement Group LLC grew its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 17.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,648 shares of the aerospace company's stock after buying an additional 684 shares during the period. Optimist Retirement Group LLC's holdings in Lockheed Martin were worth $2,076,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LMT. Coastwise Capital Group LLC raised its holdings in shares of Lockheed Martin by 442.4% in the 1st quarter. Coastwise Capital Group LLC now owns 3,211 shares of the aerospace company's stock valued at $1,434,000 after purchasing an additional 2,619 shares in the last quarter. Souders Financial Advisors grew its position in Lockheed Martin by 6.5% during the 1st quarter. Souders Financial Advisors now owns 494 shares of the aerospace company's stock worth $220,000 after purchasing an additional 30 shares during the last quarter. Heritage Investors Management Corp grew its position in Lockheed Martin by 7.8% during the 1st quarter. Heritage Investors Management Corp now owns 25,358 shares of the aerospace company's stock worth $11,328,000 after purchasing an additional 1,834 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Lockheed Martin by 3.8% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 16,297 shares of the aerospace company's stock worth $7,280,000 after acquiring an additional 590 shares during the period. Finally, J.W. Cole Advisors Inc. increased its stake in shares of Lockheed Martin by 85.4% during the first quarter. J.W. Cole Advisors Inc. now owns 26,969 shares of the aerospace company's stock worth $12,047,000 after acquiring an additional 12,421 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Down 1.1%

Shares of Lockheed Martin stock opened at $464.14 on Friday. The firm has a market capitalization of $108.75 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.63 and a beta of 0.28. 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 company's fifty day moving average price is $469.37 and its two-hundred day moving average price is $464.26. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued 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 firm had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. On average, analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders 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 dividend yield of 2.84%. Lockheed Martin's dividend payout ratio is currently 57.02%.

Analyst Ratings Changes

Several brokerages have issued reports on LMT. Wall Street Zen downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. Royal Bank Of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Finally, TD Cowen restated a "hold" rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Twelve analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin presently has an average rating of "Hold" and a consensus target price of $532.69.

About Lockheed Martin

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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