Eagle Capital Management LLC Acquires 208 Shares of Lockheed Martin Co. (NYSE:LMT)

Eagle Capital Management LLC increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,035 shares of the aerospace company’s stock after acquiring an additional 208 shares during the quarter. Lockheed Martin comprises about 0.0% of Eagle Capital Management LLC’s investment portfolio, making the stock its 19th largest holding. Eagle Capital Management LLC’s holdings in Lockheed Martin were worth $4,929,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund increased its position in Lockheed Martin by 51.7% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company’s stock worth $4,630,000 after acquiring an additional 3,247 shares during the period. Aquatic Capital Management LLC bought a new position in Lockheed Martin during the fourth quarter worth about $33,294,000. Private Advisor Group LLC increased its holdings in Lockheed Martin by 11.0% in the 4th quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company’s stock valued at $24,906,000 after buying an additional 5,075 shares during the period. State of Wyoming increased its holdings in Lockheed Martin by 93.9% in the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company’s stock valued at $541,000 after buying an additional 539 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in Lockheed Martin by 3.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company’s stock valued at $49,893,000 after buying an additional 3,809 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Down 0.8%

NYSE:LMT opened at $476.92 on Wednesday. The firm’s 50 day simple moving average is $468.58 and its 200 day simple moving average is $471.13. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The company has a market cap of $111.74 billion, a PE ratio of 21.43, a P/E/G ratio of 2.07 and a beta of 0.29.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The business had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. On average, research analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.77%. Lockheed Martin’s payout ratio is 57.02%.

Analyst Ratings Changes

LMT has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Baird R W raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Melius Research lowered shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Royal Bank of Canada lowered shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Finally, Bank of America downgraded shares of Lockheed Martin from a “buy” rating to a “neutral” rating and reduced their price target for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $541.80.

About Lockheed Martin

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.