Lockheed Martin Co. (NYSE:LMT) Shares Bought by RMR Wealth Builders

RMR Wealth Builders raised its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 19.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,743 shares of the aerospace company's stock after buying an additional 619 shares during the period. RMR Wealth Builders' holdings in Lockheed Martin were worth $1,672,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund increased its stake in shares of Lockheed Martin by 51.7% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock worth $4,630,000 after purchasing an additional 3,247 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter worth approximately $33,294,000. Private Advisor Group LLC raised its stake in Lockheed Martin by 11.0% in the 4th quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company's stock valued at $24,906,000 after purchasing an additional 5,075 shares during the last quarter. State of Wyoming lifted its holdings in Lockheed Martin by 93.9% in the 4th 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 in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Lockheed Martin by 3.9% during 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 buying an additional 3,809 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Trading Down 4.0%

Shares of NYSE:LMT traded down $19.54 during mid-day trading on Monday, reaching $466.91. 2,728,702 shares of the company were exchanged, compared to its average volume of 1,330,199. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95. The firm's 50-day simple moving average is $470.72 and its 200 day simple moving average is $469.65. The firm has a market cap of $109.39 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 2.07 and a beta of 0.29. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

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

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.83%. Lockheed Martin's dividend payout ratio is presently 57.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LMT shares. UBS Group raised their price target 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. 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. Wells Fargo & Company dropped their price target on 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. Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Finally, Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price for the company in a report on Wednesday, April 16th. Nine research 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. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of "Moderate Buy" and an average target price of $541.80.

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.