One Day In July LLC purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 772 shares of the aerospace company's stock, valued at approximately $345,000.
Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after acquiring an additional 1,986,600 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in shares of Lockheed Martin in the fourth quarter worth $526,587,000. Leigh Baldwin & CO. LLC acquired a new position in shares of Lockheed Martin in the fourth quarter worth $451,985,000. Capital Research Global Investors acquired a new position in shares of Lockheed Martin in the fourth quarter worth $229,987,000. Finally, Demars Financial Group LLC grew its stake in shares of Lockheed Martin by 47,002.5% in the fourth quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock worth $210,579,000 after acquiring an additional 432,423 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.
Lockheed Martin Stock Performance
NYSE LMT opened at $463.31 on Friday. 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 Corporation has a 1 year low of $418.88 and a 1 year high of $618.95. The company has a market capitalization of $108.55 billion, a PE ratio of 20.01, a P/E/G ratio of 1.61 and a beta of 0.28. The company has a fifty day moving average of $470.60 and a two-hundred day moving average of $465.57.
Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating 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 company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid 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 is presently 57.02%.
Wall Street Analyst Weigh In
Several research firms have commented on LMT. Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target for the company in a research note on Wednesday, April 23rd. Wall Street Zen downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. UBS Group boosted their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. Finally, Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research note on Wednesday, April 16th. Nine investment 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $541.80.
Check Out Our Latest Analysis on Lockheed Martin
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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