Stephens Inc. AR Has $16.98 Million Stake in Lockheed Martin Corporation (NYSE:LMT)

Stephens Inc. AR lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 17.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,016 shares of the aerospace company's stock after buying an additional 5,629 shares during the quarter. Stephens Inc. AR's holdings in Lockheed Martin were worth $16,982,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of LMT. GAMMA Investing LLC grew its position in shares of Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after buying an additional 1,986,600 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $526,587,000. Leigh Baldwin & CO. LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $451,985,000. Capital Research Global Investors acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $229,987,000. Finally, Demars Financial Group LLC grew its position in shares of Lockheed Martin by 47,002.5% during the 4th quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock worth $210,579,000 after buying an additional 432,423 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. TD Cowen reiterated a "hold" rating and issued a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a report on Thursday. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Truist Financial cut their target price on Lockheed Martin from $579.00 to $554.00 and set a "buy" rating on the stock in a report on Friday. Finally, Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $531.47.

Lockheed Martin Trading Up 0.7%

NYSE LMT opened at $467.48 on Friday. The stock has a market capitalization of $109.53 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.64 and a beta of 0.28. Lockheed Martin Corporation has a one year low of $418.88 and a one 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 business's fifty day moving average is $469.54 and its 200-day moving average is $464.85.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The company 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%. Equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

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 issued a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 57.02%.

About Lockheed Martin

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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