Bcwm LLC grew its stake in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) by 24.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,567 shares of the aerospace company’s stock after purchasing an additional 3,497 shares during the quarter. Lockheed Martin comprises about 2.6% of Bcwm LLC’s portfolio, making the stock its 14th biggest holding. Bcwm LLC’s holdings in Lockheed Martin were worth $8,950,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in LMT. Basso Capital Management L.P. acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $25,000. Burnham & Co LLC acquired a new position in Lockheed Martin during the second quarter worth $25,000. United Financial Planning Group LLC bought a new stake in Lockheed Martin during the third quarter worth $25,000. Clarity Asset Management Inc. bought a new stake in Lockheed Martin during the fourth quarter worth $26,000. Finally, Triumph Capital Management lifted its stake in Lockheed Martin by 66.7% in the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.
Lockheed Martin Trading Up 1.6%
LMT stock opened at $565.68 on Thursday. Lockheed Martin Corporation has a one year low of $437.25 and a one year high of $692.00. The stock has a market cap of $130.55 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 0.95 and a beta of 0.10. The company has a fifty day moving average price of $549.59 and a two-hundred day moving average price of $574.23. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01.
Lockheed Martin Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. Lockheed Martin’s dividend payout ratio is 50.87%.
Analyst Ratings Changes
A number of research analysts have recently commented on LMT shares. JPMorgan Chase & Co. decreased their price objective on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Royal Bank Of Canada upped their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a research note on Monday, July 27th. Robert W. Baird set a $700.00 price target on Lockheed Martin in a report on Friday, July 24th. Finally, TD Cowen lowered their price target on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average price target of $632.39.
Check Out Our Latest Research Report on Lockheed Martin
Lockheed Martin Profile
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.
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