Secured Retirement Advisors LLC purchased a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 606 shares of the aerospace company's stock, valued at approximately $271,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Eagle Capital Management LLC increased its position in shares of Lockheed Martin by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock valued at $5,261,000 after purchasing an additional 32 shares during the last quarter. Brighton Jones LLC lifted its holdings in Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after buying an additional 191 shares during the period. Hudson Portfolio Management LLC purchased a new position in shares of Lockheed Martin in the 4th quarter valued at approximately $256,000. Proficio Capital Partners LLC lifted its stake in shares of Lockheed Martin by 10.9% in the 4th quarter. Proficio Capital Partners LLC now owns 2,543 shares of the aerospace company's stock valued at $1,236,000 after purchasing an additional 250 shares during the period. Finally, Amundi raised its stake in Lockheed Martin by 5.6% during the fourth quarter. Amundi now owns 22,132 shares of the aerospace company's stock valued at $10,377,000 after buying an additional 1,179 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on LMT shares. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Bank of America lowered Lockheed Martin from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Royal Bank Of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $550.00 to $480.00 in a report on Thursday, March 27th. TD Cowen reissued a "hold" rating and set a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday. Finally, Wells Fargo & Company dropped their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $531.47.
View Our Latest Research Report on Lockheed Martin
Lockheed Martin Trading Up 0.7%
Shares of LMT stock opened at $467.48 on Friday. Lockheed Martin Corporation has a 1 year low of $418.88 and a 1 year high of $618.95. 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 stock's 50 day simple moving average is $469.54 and its two-hundred day simple moving average is $464.85. The company has a market cap of $109.53 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.64 and a beta of 0.28.
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 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 the consensus estimate of $17.83 billion. Research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.
Lockheed Martin Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.82%. Lockheed Martin's dividend payout ratio (DPR) is currently 57.02%.
Lockheed Martin Profile
(
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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