836 Shares in Lockheed Martin Corporation $LMT Purchased by Marshall Investment Management LLC

Marshall Investment Management LLC bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 836 shares of the aerospace company’s stock, valued at approximately $417,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC increased its stake in Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in Lockheed Martin during the third quarter worth $27,000. Twin Peaks Wealth Advisors LLC acquired a new position in Lockheed Martin during the second quarter worth $29,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Lockheed Martin during the third quarter worth $35,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LMT has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their target price on Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a report on Friday, January 30th. Susquehanna reiterated a “positive” rating and issued a $660.00 price objective on shares of Lockheed Martin in a research report on Thursday, January 15th. Royal Bank Of Canada raised their target price on shares of Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. Argus lifted their target price on shares of Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, DZ Bank downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price target on the stock. in a report on Tuesday, February 3rd. Six equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $618.95.

Lockheed Martin Stock Performance

NYSE LMT opened at $645.16 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The business has a fifty day moving average of $619.20 and a 200-day moving average of $527.13. The stock has a market cap of $148.44 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 1.16 and a beta of 0.22.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period in the previous year, the business earned $7.67 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, analysts predict 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, March 27th. Stockholders of record on Monday, March 2nd will be issued a dividend of $3.45 per share. The ex-dividend date is Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.1%. Lockheed Martin’s payout ratio is 64.22%.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.