Wealth Quarterback LLC Purchases 1,141 Shares of Lockheed Martin Corporation (NYSE:LMT)

Wealth Quarterback LLC lifted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 45.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,659 shares of the aerospace company's stock after purchasing an additional 1,141 shares during the period. Lockheed Martin comprises 0.9% of Wealth Quarterback LLC's holdings, making the stock its 24th biggest holding. Wealth Quarterback LLC's holdings in Lockheed Martin were worth $1,634,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased 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 purchasing an additional 1,986,600 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Lockheed Martin in the 4th quarter valued at about $526,587,000. Leigh Baldwin & CO. LLC bought a new position in shares of Lockheed Martin in the 4th quarter valued at about $451,985,000. Capital Research Global Investors bought a new position in shares of Lockheed Martin in the 4th quarter valued at about $229,987,000. Finally, Demars Financial Group LLC boosted its stake in shares of Lockheed Martin by 47,002.5% in the 4th quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock valued at $210,579,000 after purchasing an additional 432,423 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Melius Research cut shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Cowen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Finally, Wall Street Zen cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Twelve analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $532.69.

Lockheed Martin Stock Down 1.1%

LMT stock traded down $5.06 during midday trading on Friday, reaching $464.14. The company had a trading volume of 1,843,659 shares, compared to its average volume of 1,374,525. 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 company has a market capitalization of $108.75 billion, a P/E ratio of 20.05, a PEG ratio of 1.63 and a beta of 0.28. The company has a 50 day moving average of $469.37 and a two-hundred day moving average of $464.26.

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

Lockheed Martin Dividend Announcement

The company also recently declared 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 2.84%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 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.