Kirtland Hills Capital Management LLC bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,611 shares of the aerospace company’s stock, valued at approximately $2,349,000.
Other hedge funds also recently bought and sold shares of the company. Basso Capital Management L.P. purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at $25,000. Burnham & Co LLC acquired a new position in Lockheed Martin in the 2nd quarter valued at about $25,000. United Financial Planning Group LLC purchased a new position in Lockheed Martin in the 3rd quarter valued at about $25,000. Clarity Asset Management Inc. acquired a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $26,000. Finally, Triumph Capital Management grew its stake in Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 22 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.
Lockheed Martin Stock Performance
NYSE:LMT opened at $564.61 on Friday. The firm has a 50-day moving average of $547.80 and a two-hundred day moving average of $575.73. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The stock has a market cap of $130.31 billion, a P/E ratio of 20.81, a PEG ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year high of $692.00.
Lockheed Martin Announces Dividend
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 given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is presently 50.87%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. Citigroup increased their price target on Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada increased their target price 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. Finally, JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $632.39.
Check Out Our Latest 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.
Featured Articles
- Five stocks we like better than Lockheed Martin
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
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.
