Mather Group LLC. Grows Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Mather Group LLC. boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 251.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,549 shares of the aerospace company's stock after acquiring an additional 3,253 shares during the quarter. Mather Group LLC.'s holdings in Lockheed Martin were worth $2,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LaFleur & Godfrey LLC lifted its holdings in Lockheed Martin by 18.0% during the 4th quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock worth $562,000 after buying an additional 176 shares during the period. Eagle Capital Management LLC raised its position in shares of Lockheed Martin by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after acquiring an additional 32 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after acquiring an additional 191 shares during the period. Hudson Portfolio Management LLC acquired a new position in shares of Lockheed Martin in the fourth quarter worth approximately $256,000. Finally, Fisher Asset Management LLC boosted its holdings in Lockheed Martin by 11.6% in the fourth quarter. Fisher Asset Management LLC now owns 7,527 shares of the aerospace company's stock valued at $3,658,000 after acquiring an additional 785 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on LMT. UBS Group upped their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target on the stock in a research report on Wednesday, April 23rd. Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a research report on Wednesday, April 16th. Finally, Royal Bank Of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin has an average rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Stock Down 0.0%

Shares of NYSE LMT traded down $0.06 during midday trading on Thursday, hitting $462.49. 355,725 shares of the stock traded hands, compared to its average volume of 1,349,332. The company has a market cap of $108.36 billion, a PE ratio of 19.97, a P/E/G ratio of 1.62 and a beta of 0.28. Lockheed Martin Corporation has a one year low of $418.88 and a one year high of $618.95. The business has a 50 day moving average price of $470.96 and a two-hundred day moving average price of $466.07. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating the consensus estimate of $6.34 by $0.94. The business had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. On average, equities analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.85%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

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.