SkyOak Wealth LLC grew its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 196.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,422 shares of the aerospace company's stock after acquiring an additional 943 shares during the quarter. SkyOak Wealth LLC's holdings in Lockheed Martin were worth $635,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. First American Bank boosted 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 acquiring an additional 1,327 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $33,294,000. Cantor Fitzgerald Investment Advisors L.P. raised its stake in shares of Lockheed Martin by 18.6% during the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock worth $7,652,000 after purchasing an additional 2,686 shares in the last quarter. State of Wyoming raised its stake in shares of Lockheed Martin by 93.9% during the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock worth $541,000 after purchasing an additional 539 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Lockheed Martin by 3.9% during the 4th quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company's stock worth $49,893,000 after purchasing an additional 3,809 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.
Lockheed Martin Stock Performance
LMT traded up $3.17 during trading hours on Friday, reaching $467.48. The company's stock had a trading volume of 1,208,544 shares, compared to its average volume of 1,364,460. Lockheed Martin Corporation has a 52 week low of $418.88 and a 52 week high of $618.95. The company's 50-day moving average is $469.54 and its 200-day moving average is $465.01. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. The firm has a market cap of $109.53 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.63 and a beta of 0.28.
Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share 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 analysts' expectations of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. On average, equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.
Lockheed Martin Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.82%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is 57.02%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on LMT. Royal Bank Of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Wells Fargo & Company dropped their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. TD Cowen reiterated a "hold" rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective on the stock in a research note on Wednesday, April 16th. Finally, Truist Financial dropped their price objective on Lockheed Martin from $579.00 to $554.00 and set a "buy" rating on the stock in a research note on Friday. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $531.47.
View Our Latest Analysis on Lockheed Martin
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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