Lockheed Martin Corporation (NYSE:LMT) Stock Position Raised by BridgePort Financial Solutions LLC

BridgePort Financial Solutions LLC raised its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 8.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 786 shares of the aerospace company’s stock after purchasing an additional 60 shares during the period. BridgePort Financial Solutions LLC’s holdings in Lockheed Martin were worth $351,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LMT. Millstone Evans Group LLC bought a new position in Lockheed Martin in the 4th quarter worth approximately $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $34,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $35,000. Redwood Park Advisors LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Up 0.3%

NYSE:LMT opened at $472.16 on Tuesday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. The company has a market cap of $110.63 billion, a PE ratio of 20.40, a PEG ratio of 1.64 and a beta of 0.29. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95. The stock has a 50-day simple moving average of $471.56 and a 200 day simple moving average of $467.62.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. The business had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. On average, sell-side analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.80%. Lockheed Martin’s dividend payout ratio (DPR) is presently 57.02%.

Analyst Ratings Changes

LMT has been the subject of several research analyst reports. Morgan Stanley upgraded Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price objective for the company in a research report on Wednesday, April 16th. Melius lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Baird R W raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 23rd. Wells Fargo & Company cut their price target on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group upped their price objective on Lockheed Martin from $481.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 23rd. 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 company’s stock. According to MarketBeat, the company presently has an average 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.