Zhang Financial LLC Purchases 960 Shares of Lockheed Martin Co. (NYSE:LMT)

Zhang Financial LLC raised its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 46.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,019 shares of the aerospace company's stock after acquiring an additional 960 shares during the quarter. Zhang Financial LLC's holdings in Lockheed Martin were worth $1,349,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. McKinley Carter Wealth Services Inc. increased its holdings in Lockheed Martin by 0.5% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 6,682 shares of the aerospace company's stock worth $2,985,000 after purchasing an additional 30 shares in the last quarter. Donaldson Capital Management LLC grew its holdings in shares of Lockheed Martin by 1.2% during the first quarter. Donaldson Capital Management LLC now owns 128,595 shares of the aerospace company's stock worth $57,445,000 after purchasing an additional 1,463 shares during the last quarter. Martin Capital Partners LLC increased its stake in shares of Lockheed Martin by 10.5% in the first quarter. Martin Capital Partners LLC now owns 2,212 shares of the aerospace company's stock valued at $988,000 after buying an additional 210 shares during the period. Eagle Capital Management LLC increased its position in Lockheed Martin by 1.9% in the 1st quarter. Eagle Capital Management LLC now owns 11,035 shares of the aerospace company's stock valued at $4,929,000 after acquiring an additional 208 shares during the period. Finally, Monarch Capital Management Inc. lifted its holdings in Lockheed Martin by 8.0% during the 1st quarter. Monarch Capital Management Inc. now owns 2,623 shares of the aerospace company's stock worth $1,172,000 after buying an additional 195 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LMT shares. UBS Group boosted their price objective on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Bank of America lowered Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a report on Wednesday, April 16th. Finally, Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $541.80.

Lockheed Martin Stock Performance

LMT traded up $16.48 during trading hours on Friday, hitting $485.75. The stock had a trading volume of 2,714,812 shares, compared to its average volume of 1,322,058. The stock has a market cap of $113.81 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The company's fifty day simple moving average is $469.84 and its 200 day simple moving average is $470.67. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95.

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 for the quarter, beating the consensus estimate of $6.34 by $0.94. The firm 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 101.47% and a net margin of 7.51%. Equities analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's payout ratio is 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.