Oxbow Advisors LLC Acquires Shares of 5,785 Lockheed Martin Corporation (NYSE:LMT)

Oxbow Advisors LLC bought a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,785 shares of the aerospace company's stock, valued at approximately $2,584,000.

A number of other large investors also recently modified their holdings of LMT. TruNorth Capital Management LLC bought a new position in Lockheed Martin in the 1st quarter worth approximately $31,000. Millstone Evans Group LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at $34,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the fourth quarter worth $35,000. Finally, Redwood Park Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter valued at about $40,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of recent research reports. 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. Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and cut their price target for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. 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 note on Thursday, March 27th. Finally, Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price for the company in a research report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $531.47.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $467.48 on Friday. 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 company's 50 day moving average price is $469.54 and its two-hundred day moving average price is $464.85. The company has a market capitalization of $109.53 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 1.64 and a beta of 0.28.

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 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, analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal 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 issued a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.82%. Lockheed Martin's dividend payout ratio (DPR) is 57.02%.

Lockheed Martin Company 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.

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