Mattern Capital Management LLC Has $9.08 Million Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Mattern Capital Management LLC boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 20,331 shares of the aerospace company’s stock after acquiring an additional 785 shares during the period. Mattern Capital Management LLC’s holdings in Lockheed Martin were worth $9,082,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LMT. GAMMA Investing LLC grew its holdings in Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company’s stock worth $889,593,000 after acquiring an additional 1,986,600 shares during the period. Proficio Capital Partners LLC grew its holdings in Lockheed Martin by 53,784.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company’s stock worth $600,412,000 after acquiring an additional 1,233,275 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Lockheed Martin by 17.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company’s stock worth $3,630,492,000 after acquiring an additional 1,132,461 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in Lockheed Martin during the 4th quarter worth $526,587,000. Finally, Leigh Baldwin & CO. LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $451,985,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 2.5%

NYSE:LMT opened at $460.63 on Wednesday. The company has a market cap of $107.93 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 1.65 and a beta of 0.29. Lockheed Martin Corporation has a twelve month low of $418.88 and a twelve month high of $618.95. The business has a 50 day moving average price of $471.38 and a two-hundred day moving average price of $467.58. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79.

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

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin’s dividend payout ratio is currently 57.02%.

Analyst Upgrades and Downgrades

LMT has been the subject of several research analyst reports. Royal Bank Of Canada lowered shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Melius Research lowered shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Wells Fargo & Company decreased their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Finally, Morgan Stanley raised shares of Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price target for the company in a report on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $541.80.

Lockheed Martin Profile

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.