Lockheed Martin Corporation (NYSE:LMT) Shares Acquired by Red Door Wealth Management LLC

Red Door Wealth Management LLC grew its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 11.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,724 shares of the aerospace company's stock after purchasing an additional 1,244 shares during the period. Red Door Wealth Management LLC's holdings in Lockheed Martin were worth $5,237,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. First American Bank increased 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 purchasing an additional 1,327 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $33,294,000. State of Wyoming grew its holdings in Lockheed Martin by 93.9% during the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock worth $541,000 after acquiring an additional 539 shares during the period. Cantor Fitzgerald Investment Advisors L.P. grew its holdings in Lockheed Martin by 18.6% during the first 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 during the period. Finally, Treasurer of the State of North Carolina raised its position 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 worth $49,893,000 after acquiring an additional 3,809 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

NYSE:LMT traded up $4.84 during trading hours on Monday, reaching $463.43. 1,203,203 shares of the company traded hands, compared to its average volume of 1,347,979. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. The firm's 50-day moving average is $470.80 and its 200-day moving average is $466.31. The stock has a market cap of $108.58 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.60 and a beta of 0.29. Lockheed Martin Corporation has a 1-year low of $418.88 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The business had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Equities research 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 dividend of $3.30 per share. 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 2.85%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

Analyst Ratings Changes

Several equities research analysts have commented on LMT shares. UBS Group boosted their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 23rd. Jefferies Financial Group decreased their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a 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 target price for the company in a 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. Finally, Royal Bank Of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $541.80.

About Lockheed Martin

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.