Synergy Asset Management LLC Has $4.21 Million Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Synergy Asset Management LLC raised its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 30.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,421 shares of the aerospace company's stock after purchasing an additional 2,178 shares during the period. Synergy Asset Management LLC's holdings in Lockheed Martin were worth $4,208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First American Bank grew its holdings in Lockheed Martin by 18.8% during the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock valued at $3,749,000 after purchasing an additional 1,327 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in Lockheed Martin during the fourth quarter valued at approximately $33,294,000. State of Wyoming grew its holdings in Lockheed Martin by 93.9% during the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock valued at $541,000 after purchasing an additional 539 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in Lockheed Martin by 3.9% during the fourth quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company's stock valued at $49,893,000 after purchasing an additional 3,809 shares during the last quarter. Finally, American National Bank & Trust grew its holdings in Lockheed Martin by 2.3% during the first quarter. American National Bank & Trust now owns 38,842 shares of the aerospace company's stock valued at $17,351,000 after purchasing an additional 866 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Bank of America downgraded shares of Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Wall Street Zen downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Morgan Stanley upgraded shares of 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, Wells Fargo & Company lowered their price objective on shares of 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. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $541.80.

Lockheed Martin Stock Up 0.3%

Shares of LMT stock opened at $470.21 on Friday. The stock has a market cap of $110.17 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.64 and a beta of 0.29. Lockheed Martin Corporation has a one year low of $418.88 and a one year high of $618.95. The stock has a fifty day moving average price of $471.63 and a 200 day moving average price of $468.25. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion during 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%. Analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be given a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.81%. 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.

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