Pure Financial Advisors LLC Acquires 856 Shares of Lockheed Martin Corporation (NYSE:LMT)

Pure Financial Advisors LLC raised its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 23.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,567 shares of the aerospace company's stock after purchasing an additional 856 shares during the period. Pure Financial Advisors LLC's holdings in Lockheed Martin were worth $2,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LMT. GAMMA Investing LLC increased its stake in shares of Lockheed Martin by 41,104.9% during the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after purchasing an additional 1,986,600 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of 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 acquiring an additional 1,233,275 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Lockheed Martin by 17.9% during 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 acquiring an additional 1,132,461 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $526,587,000. Finally, Leigh Baldwin & CO. LLC bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $451,985,000. Institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on LMT. Jefferies Financial Group reduced their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Robert W. Baird raised 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 report on Wednesday, April 23rd. Wells Fargo & Company reduced 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 report on Tuesday, April 8th. Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, UBS Group raised their price target 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Trading Down 0.3%

Shares of LMT stock opened at $458.72 on Thursday. Lockheed Martin Corporation has a 12-month low of $418.88 and a 12-month 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 firm's 50 day moving average is $471.01 and its 200 day moving average is $467.51. The stock has a market capitalization of $107.48 billion, a P/E ratio of 19.82, a P/E/G ratio of 1.60 and a beta of 0.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The firm had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced 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. This represents a $13.20 dividend on an annualized basis and a yield of 2.88%. Lockheed Martin's dividend payout ratio is currently 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.

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