Marietta Wealth Management LLC Acquires 905 Shares of Lockheed Martin Corporation (NYSE:LMT)

Marietta Wealth Management LLC raised its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 7.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,382 shares of the aerospace company's stock after purchasing an additional 905 shares during the period. Marietta Wealth Management LLC's holdings in Lockheed Martin were worth $5,531,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millstone Evans Group LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at about $32,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at about $34,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at about $35,000. Redwood Park Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at about $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at about $42,000. Institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a research report on Wednesday, April 16th. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Bank of America lowered shares of Lockheed Martin from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Finally, Jefferies Financial Group reduced their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Lockheed Martin currently has an average rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Trading Up 0.3%

Shares of NYSE:LMT traded up $1.61 during trading on Friday, reaching $470.21. 2,416,865 shares of the company were exchanged, compared to its average volume of 1,346,764. The firm has a market capitalization of $110.17 billion, a PE ratio of 20.31, a P/E/G ratio of 1.63 and a beta of 0.29. The business's fifty day simple moving average is $471.63 and its 200-day simple moving average is $468.59. Lockheed Martin Corporation has a 12-month low of $418.88 and a 12-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.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results 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 business 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, research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently announced 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 of this dividend is Monday, June 2nd. Lockheed Martin's dividend payout ratio (DPR) 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.