MQS Management LLC Grows Stake in Lockheed Martin Corporation (NYSE:LMT)

MQS Management LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 295.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,013 shares of the aerospace company's stock after acquiring an additional 1,504 shares during the period. Lockheed Martin accounts for about 0.5% of MQS Management LLC's holdings, making the stock its 20th biggest position. MQS Management LLC's holdings in Lockheed Martin were worth $899,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after buying an additional 1,986,600 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $526,587,000. Leigh Baldwin & CO. LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $451,985,000. Capital Research Global Investors purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $229,987,000. Finally, Demars Financial Group LLC boosted its stake in shares of Lockheed Martin by 47,002.5% in the 4th quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock worth $210,579,000 after buying an additional 432,423 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

LMT has been the topic of a number of research analyst reports. Cowen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. TD Cowen restated a "hold" rating and issued a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a research note on Wednesday, April 16th. Finally, Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Twelve analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of "Hold" and an average target price of $532.69.

Lockheed Martin Stock Performance

LMT stock traded up $1.51 during midday trading on Wednesday, reaching $471.63. 934,901 shares of the company's stock traded hands, compared to its average volume of 1,369,915. The company has a 50-day moving average price of $469.64 and a two-hundred day moving average price of $464.61. 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 Corporation has a 52 week low of $418.88 and a 52 week high of $618.95. The firm has a market capitalization of $110.50 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.65 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $17.83 billion. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.80%. Lockheed Martin's dividend payout ratio (DPR) is currently 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.