S.E.E.D. Planning Group LLC Purchases 9,491 Shares of Lockheed Martin Co. (NYSE:LMT)

S.E.E.D. Planning Group LLC raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 96.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,288 shares of the aerospace company's stock after purchasing an additional 9,491 shares during the quarter. Lockheed Martin makes up 2.9% of S.E.E.D. Planning Group LLC's holdings, making the stock its 12th biggest position. S.E.E.D. Planning Group LLC's holdings in Lockheed Martin were worth $8,616,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LMT. Millstone Evans Group LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $34,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $35,000. Redwood Park Advisors LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $42,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LMT shares. Jefferies Financial Group dropped their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a report on Monday, April 28th. Morgan Stanley raised 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. Royal Bank of Canada downgraded Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Finally, Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Price Performance

Lockheed Martin stock traded up $7.61 during midday trading on Friday, reaching $481.30. The company's stock had a trading volume of 2,195,058 shares, compared to its average volume of 1,299,215. Lockheed Martin Co. has a 52 week low of $418.88 and a 52 week high of $618.95. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The business has a 50-day moving average price of $464.02 and a 200-day moving average price of $474.48. The stock has a market cap of $112.77 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results 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 101.47% and a net margin of 7.51%. The firm had revenue of $17.96 billion for the quarter, compared to analysts' expectations of $17.83 billion. On average, sell-side analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders 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 dividend yield of 2.74%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 57.02%.

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.