D.A. Davidson & CO. boosted its holdings in shares of Lockheed Martin (NYSE:LMT) by 8.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 17,484 shares of the aerospace company’s stock after purchasing an additional 1,433 shares during the period. D.A. Davidson & CO.’s holdings in Lockheed Martin were worth $5,909,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of LMT. Buckingham Capital Management Inc. purchased a new position in Lockheed Martin during the 3rd quarter worth $208,000. KCM Investment Advisors LLC grew its position in Lockheed Martin by 2.4% during the 4th 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 last quarter. D.B. Root & Company LLC purchased a new position in Lockheed Martin during the 4th quarter worth $971,000. Fairfield Bush & CO. grew its position in Lockheed Martin by 34.5% during the 4th 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 last quarter. Finally, Certified Advisory Corp purchased a new position in Lockheed Martin during the 4th quarter worth $1,362,000. 78.76% of the stock is currently owned by institutional investors.
Shares of Lockheed Martin opened at $320.42 on Friday, Marketbeat reports. The company has a market cap of $91.18 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.70 and a beta of 0.73. The company has a debt-to-equity ratio of -121.38, a quick ratio of 1.05 and a current ratio of 1.27. Lockheed Martin has a fifty-two week low of $319.18 and a fifty-two week high of $321.61.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 1st will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $8.00 dividend on an annualized basis and a yield of 2.50%. Lockheed Martin’s dividend payout ratio (DPR) is 60.02%.
Several analysts have recently commented on LMT shares. TheStreet upgraded shares of Lockheed Martin from a “c” rating to a “b-” rating in a research note on Tuesday, April 24th. Royal Bank of Canada set a $348.00 target price on shares of Lockheed Martin and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. Cowen restated a “hold” rating and issued a $370.00 target price on shares of Lockheed Martin in a research note on Tuesday, January 30th. Morgan Stanley restated an “overweight” rating and issued a $388.00 target price (up previously from $382.00) on shares of Lockheed Martin in a research note on Friday, February 23rd. Finally, Buckingham Research raised their price objective on shares of Lockheed Martin from $348.00 to $403.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Lockheed Martin currently has an average rating of “Buy” and a consensus price target of $373.91.
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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