Twin Capital Management Inc. Takes $677,000 Position in Lockheed Martin Corporation (NYSE:LMT)

Twin Capital Management Inc. purchased a new stake in shares of 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 (SEC). The institutional investor purchased 1,516 shares of the aerospace company's stock, valued at approximately $677,000.

Other hedge funds have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new position in shares of Lockheed Martin during the first quarter worth about $31,000. Millstone Evans Group LLC bought a new position in Lockheed Martin in the 4th quarter worth about $32,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Lockheed Martin in the 4th quarter valued at about $34,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin during the 4th quarter valued at about $35,000. Finally, Redwood Park Advisors LLC bought a new position in Lockheed Martin during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Down 1.1%

Shares of LMT stock opened at $464.14 on Monday. The stock's 50-day simple moving average is $469.37 and its 200-day simple moving average is $464.14. 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 capitalization of $108.75 billion, a PE ratio of 20.05, a P/E/G ratio of 1.63 and a beta of 0.28. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The company had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Equities analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.84%. Lockheed Martin's payout ratio is 57.02%.

Analysts Set New Price Targets

LMT has been the subject of a number of research reports. Wells Fargo & Company dropped their price target 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. Jefferies Financial Group lowered their price target on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. TD Cowen reissued a "hold" rating and issued a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Finally, 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. Twelve research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $532.69.

Lockheed Martin 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.