Lockheed Martin Corporation (NYSE:LMT) Shares Purchased by PFG Advisors

PFG Advisors increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 46.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,529 shares of the aerospace company's stock after acquiring an additional 1,426 shares during the period. PFG Advisors' holdings in Lockheed Martin were worth $2,023,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First American Bank lifted its position in Lockheed Martin by 18.8% during the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company's stock worth $3,749,000 after acquiring an additional 1,327 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Lockheed Martin during the 4th quarter worth approximately $33,294,000. Cantor Fitzgerald Investment Advisors L.P. lifted its position in Lockheed Martin by 18.6% during the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock worth $7,652,000 after acquiring an additional 2,686 shares in the last quarter. State of Wyoming boosted its holdings in Lockheed Martin by 93.9% in the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock valued at $541,000 after purchasing an additional 539 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in Lockheed Martin by 3.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company's stock valued at $49,893,000 after purchasing an additional 3,809 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded up $1.05 during trading on Friday, reaching $421.60. 2,458,783 shares of the company's stock traded hands, compared to its average volume of 1,823,272. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.91. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a 50 day moving average of $465.80 and a 200-day moving average of $462.67. The stock has a market capitalization of $98.43 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 1.45 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.59 billion. During the same quarter last year, the company earned $7.11 EPS. The company's revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is 74.32%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LMT. Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday. Robert W. Baird reduced their price target on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a report on Wednesday. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. TD Cowen reissued a "hold" rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Finally, Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a report on Wednesday, April 16th. Fifteen analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $506.65.

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.