IFP Advisors Inc raised its stake in Lockheed Martin Co. (NYSE:LMT) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,064 shares of the aerospace company’s stock after buying an additional 398 shares during the period. IFP Advisors Inc’s holdings in Lockheed Martin were worth $4,415,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of LMT. Buckingham Capital Management Inc. acquired a new stake in Lockheed Martin in the third quarter valued at approximately $208,000. KCM Investment Advisors LLC lifted its holdings in shares of Lockheed Martin by 2.4% during the fourth quarter. KCM Investment Advisors LLC now owns 18,912 shares of the aerospace company’s stock worth $6,072,000 after purchasing an additional 445 shares during the period. D.B. Root & Company LLC acquired a new position in shares of Lockheed Martin during the fourth quarter worth $971,000. Fairfield Bush & CO. lifted its holdings in shares of Lockheed Martin by 34.5% during the fourth quarter. Fairfield Bush & CO. now owns 4,480 shares of the aerospace company’s stock worth $1,438,000 after purchasing an additional 1,150 shares during the period. Finally, Certified Advisory Corp acquired a new position in shares of Lockheed Martin during the fourth quarter worth $1,362,000. Hedge funds and other institutional investors own 77.96% of the company’s stock.
NYSE LMT traded down $3.76 during mid-day trading on Thursday, reaching $310.59. 1,395,628 shares of the stock were exchanged, compared to its average volume of 1,551,387. Lockheed Martin Co. has a one year low of $274.69 and a one year high of $363.00. The company has a market capitalization of $91.17 billion, a PE ratio of 23.30, a P/E/G ratio of 2.71 and a beta of 0.71. The company has a quick ratio of 1.05, a current ratio of 1.27 and a debt-to-equity ratio of -121.38.
Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 24th. The aerospace company reported $4.02 earnings per share for the quarter, topping analysts’ consensus estimates of $3.35 by $0.67. Lockheed Martin had a net margin of 4.64% and a return on equity of 608.95%. The business had revenue of $11.64 billion during the quarter, compared to the consensus estimate of $11.25 billion. During the same quarter last year, the firm earned $3.00 earnings per share. Lockheed Martin’s quarterly revenue was up 3.8% on a year-over-year basis. equities analysts expect that Lockheed Martin Co. will post 16.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 1st will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, May 31st. Lockheed Martin’s dividend payout ratio (DPR) is currently 60.02%.
A number of equities analysts have recently commented on LMT shares. Morgan Stanley reiterated an “overweight” rating and set a $388.00 price target (up previously from $382.00) on shares of Lockheed Martin in a report on Friday, February 23rd. Zacks Investment Research lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Barclays started coverage on shares of Lockheed Martin in a report on Thursday, March 29th. They set an “equal weight” rating and a $369.00 price target on the stock. Cowen reiterated a “hold” rating and set a $370.00 price target on shares of Lockheed Martin in a report on Tuesday, April 24th. Finally, TheStreet upgraded shares of Lockheed Martin from a “c” rating to a “b-” rating in a report on Tuesday, April 24th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $371.26.
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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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