Victrix Investment Advisors Acquires 599 Shares of Lockheed Martin Corporation (NYSE:LMT)

Victrix Investment Advisors boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 7.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,545 shares of the aerospace company's stock after buying an additional 599 shares during the quarter. Lockheed Martin comprises 2.0% of Victrix Investment Advisors' portfolio, making the stock its 16th biggest holding. Victrix Investment Advisors' holdings in Lockheed Martin were worth $3,717,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lockheed Martin by 17.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after buying an additional 1,132,461 shares during the period. Geode Capital Management LLC lifted its position in Lockheed Martin by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock worth $2,374,557,000 after acquiring an additional 59,597 shares during the last quarter. Northern Trust Corp boosted its holdings in Lockheed Martin by 6.3% during the fourth quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock valued at $1,098,667,000 after acquiring an additional 134,662 shares during the period. Invesco Ltd. grew its position in shares of Lockheed Martin by 17.5% in the fourth quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock valued at $1,035,989,000 after purchasing an additional 318,007 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Lockheed Martin by 41,104.9% in the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after purchasing an additional 1,986,600 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LMT shares. UBS Group increased their target price on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Royal Bank Of Canada cut shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target on the stock in a research report on Wednesday, April 16th. Finally, Wall Street Zen downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $541.80.

Lockheed Martin Trading Down 0.0%

LMT stock opened at $458.23 on Friday. Lockheed Martin Corporation has a 1-year low of $418.88 and a 1-year high of $618.95. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. The business's 50 day moving average is $470.90 and its 200-day moving average is $467.16. The firm has a market cap of $107.36 billion, a P/E ratio of 19.79, a P/E/G ratio of 1.60 and a beta of 0.29.

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

Lockheed Martin Dividend Announcement

The firm 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 $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.88%. Lockheed Martin's payout ratio is 57.02%.

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.

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