Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Peak Financial Advisors LLC

Peak Financial Advisors LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 105.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,567 shares of the aerospace company's stock after acquiring an additional 3,366 shares during the period. Lockheed Martin comprises approximately 1.5% of Peak Financial Advisors LLC's investment portfolio, making the stock its 23rd biggest holding. Peak Financial Advisors LLC's holdings in Lockheed Martin were worth $2,934,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its position 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 acquiring an additional 1,986,600 shares in the last quarter. Proficio Capital Partners LLC boosted its position in Lockheed Martin by 53,784.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock valued at $600,412,000 after purchasing an additional 1,233,275 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Lockheed Martin by 17.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock valued at $3,630,492,000 after purchasing an additional 1,132,461 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new position in Lockheed Martin in the fourth quarter valued at about $526,587,000. Finally, Leigh Baldwin & CO. LLC bought a new position in Lockheed Martin in the fourth quarter worth about $451,985,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on LMT. Baird R W upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Wells Fargo & Company decreased their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research report 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 objective on the stock in a report on Wednesday, April 23rd. Finally, UBS Group increased their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Stock Performance

Shares of LMT stock traded down $4.64 during trading hours on Thursday, hitting $477.57. The company's stock had a trading volume of 1,062,709 shares, compared to its average volume of 1,298,169. The stock has a market cap of $111.89 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a 12-month low of $418.88 and a 12-month high of $618.95. The company has a 50 day moving average of $466.28 and a 200 day moving average of $473.17. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating the consensus estimate of $6.34 by $0.94. The company had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, sell-side analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's payout ratio 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.