CFO4Life Group LLC acquired a new position in Lockheed Martin Corporation (NYSE:LMT – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,157 shares of the aerospace company’s stock, valued at approximately $590,000.
Several other large investors have also bought and sold shares of the company. World Investment Advisors lifted its position in Lockheed Martin by 54.7% during the fourth quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock valued at $7,129,000 after buying an additional 5,214 shares during the period. SG Americas Securities LLC grew its position in shares of Lockheed Martin by 5.4% in the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock worth $167,043,000 after buying an additional 14,150 shares during the period. Secured Retirement Advisors LLC grew its position in shares of Lockheed Martin by 288.6% in the 4th quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock worth $1,513,000 after buying an additional 2,323 shares during the period. Norris Financial Group LLC bought a new position in shares of Lockheed Martin in the 1st quarter worth about $2,321,000. Finally, Legal Advantage Investments Inc. bought a new position in shares of Lockheed Martin in the 1st quarter worth about $1,451,000. 74.19% of the stock is owned by institutional investors.
Lockheed Martin Trading Down 1.2%
Shares of NYSE LMT opened at $564.61 on Friday. The firm’s 50 day moving average price is $547.80 and its 200-day moving average price is $575.73. The company has a market cap of $130.31 billion, a PE ratio of 20.81, a P/E/G ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19.
Lockheed Martin Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 50.87%.
Wall Street Analysts Forecast Growth
LMT has been the topic of several research reports. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Royal Bank Of Canada boosted their price target on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $632.39.
Get Our Latest Research Report on LMT
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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