Penn Davis Mcfarland Inc. boosted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,900 shares of the aerospace company's stock after acquiring an additional 1,841 shares during the quarter. Lockheed Martin accounts for about 2.6% of Penn Davis Mcfarland Inc.'s investment portfolio, making the stock its 16th biggest position. Penn Davis Mcfarland Inc.'s holdings in Lockheed Martin were worth $21,844,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in Lockheed Martin in the fourth quarter valued at about $32,000. Mizuho Securities Co. Ltd. bought a new stake in Lockheed Martin during the fourth quarter worth about $34,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter worth about $35,000. Redwood Park Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in Lockheed Martin during the fourth quarter worth about $42,000. Institutional investors own 74.19% of the company's stock.
Analysts Set New Price Targets
LMT has been the topic of several research analyst reports. UBS Group upped their price objective 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. Wells Fargo & Company decreased their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective on the stock in a research note on Wednesday, April 16th. Finally, Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective on the stock in a research note on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $541.80.
Read Our Latest Stock Analysis on LMT
Lockheed Martin Price Performance
Shares of LMT traded up $0.69 during mid-day trading on Friday, hitting $458.59. 1,995,444 shares of the company traded hands, compared to its average volume of 1,348,558. Lockheed Martin Corporation has a one year low of $418.88 and a one year high of $618.95. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. The business has a 50-day moving average of $470.80 and a 200 day moving average of $466.52. The stock has a market capitalization of $107.45 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.60 and a beta of 0.29.
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. 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 analyst estimates of $17.83 billion. As a group, equities analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.
Lockheed Martin Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors 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 annualized dividend and a yield of 2.88%. Lockheed Martin's dividend payout ratio is currently 57.02%.
About Lockheed Martin
(
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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