Rothschild Investment LLC lifted its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 6.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,739 shares of the aerospace company's stock after purchasing an additional 758 shares during the period. Rothschild Investment LLC's holdings in Lockheed Martin were worth $5,244,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in 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 during the period. Aquatic Capital Management LLC acquired a new stake in Lockheed Martin during the fourth quarter worth approximately $33,294,000. Private Advisor Group LLC grew its position in Lockheed Martin by 11.0% during the fourth quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company's stock worth $24,906,000 after buying an additional 5,075 shares in the last quarter. State of Wyoming grew its position 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 buying an additional 539 shares in the last quarter. Finally, Confluence Wealth Services Inc. grew its position in Lockheed Martin by 174.0% during the fourth quarter. Confluence Wealth Services Inc. now owns 3,176 shares of the aerospace company's stock worth $1,579,000 after buying an additional 2,017 shares in the last quarter. Institutional investors own 74.19% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on LMT shares. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. UBS Group boosted their target price 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. Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a research report on Wednesday, April 23rd. Wall Street Zen downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Finally, Jefferies Financial Group reduced their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Nine 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $541.80.
View Our Latest Stock Analysis on LMT
Lockheed Martin Price Performance
Shares of NYSE LMT traded down $1.30 during mid-day trading on Monday, hitting $477.78. 767,684 shares of the stock traded hands, compared to its average volume of 1,295,785. 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 Co. has a twelve month low of $418.88 and a twelve month high of $618.95. The company has a market cap of $111.94 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The firm has a 50 day simple moving average of $464.02 and a two-hundred day simple moving average of $473.45.
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 for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The firm had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. As a group, equities research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.
Lockheed Martin Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's payout ratio is presently 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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