Invesco LLC Purchases Shares of 874 Lockheed Martin Corporation (NYSE:LMT)

Invesco LLC bought a new stake in Lockheed Martin Corporation (NYSE:LMT) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 874 shares of the aerospace company’s stock, valued at approximately $390,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Millstone Evans Group LLC purchased a new position in Lockheed Martin during the 4th quarter worth approximately $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $34,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin during the fourth quarter worth approximately $35,000. Redwood Park Advisors LLC purchased a new position in shares of Lockheed Martin during the fourth quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Melius Research cut shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. UBS Group raised their price target on Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 23rd. Morgan Stanley raised Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 target price on the stock in a report on Wednesday, April 16th. Finally, Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $541.80.

Lockheed Martin Stock Performance

NYSE LMT opened at $472.16 on Tuesday. The business has a 50 day moving average price of $471.56 and a 200 day moving average price of $467.62. The company has a market capitalization of $110.63 billion, a P/E ratio of 20.40, a PEG ratio of 1.64 and a beta of 0.29. Lockheed Martin Corporation has a 1-year low of $418.88 and a 1-year high of $618.95. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91.

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

Lockheed Martin Dividend Announcement

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

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.