Prosperitas Financial LLC raised its stake in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) by 20.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,546 shares of the aerospace company’s stock after purchasing an additional 1,652 shares during the period. Lockheed Martin accounts for 1.6% of Prosperitas Financial LLC’s portfolio, making the stock its 27th largest holding. Prosperitas Financial LLC’s holdings in Lockheed Martin were worth $4,864,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in shares of Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Lockheed Martin by 5.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after purchasing an additional 50 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in Lockheed Martin by 17.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock valued at $676,000 after purchasing an additional 215 shares during the period. Gamco Investors INC. ET AL grew its holdings in Lockheed Martin by 36.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock valued at $1,042,000 after buying an additional 595 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Lockheed Martin by 18.2% in the 2nd quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock valued at $40,092,000 after buying an additional 13,300 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.
Lockheed Martin Stock Up 0.2%
Shares of LMT stock opened at $532.45 on Friday. The stock has a market cap of $122.88 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 1.16 and a beta of 0.10. Lockheed Martin Corporation has a one year low of $437.25 and a one year high of $692.00. The stock has a fifty day moving average price of $555.22 and a 200 day moving average price of $570.63. 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 Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is 50.87%.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Wall Street Zen upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. Morgan Stanley raised their price objective on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a research note on Friday, July 24th. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a report on Wednesday. Finally, Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $632.39.
Get Our Latest Research Report on Lockheed Martin
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.
Featured Articles
- Five stocks we like better than Lockheed Martin
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.
