PFG Investments LLC Purchases 100 Shares of Lockheed Martin Corporation (NYSE:LMT)

PFG Investments LLC lifted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,446 shares of the aerospace company’s stock after acquiring an additional 100 shares during the quarter. PFG Investments LLC’s holdings in Lockheed Martin were worth $2,433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LMT. Aquatic Capital Management LLC bought a new stake in shares of Lockheed Martin during the fourth quarter worth about $33,294,000. State of Wyoming boosted its position in Lockheed Martin by 93.9% during the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company’s stock worth $541,000 after buying an additional 539 shares during the period. Treasurer of the State of North Carolina grew its holdings in Lockheed Martin by 3.9% during the 4th quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company’s stock worth $49,893,000 after acquiring an additional 3,809 shares during the last quarter. American National Bank & Trust grew its holdings in Lockheed Martin by 2.3% during the 1st quarter. American National Bank & Trust now owns 38,842 shares of the aerospace company’s stock worth $17,351,000 after acquiring an additional 866 shares during the last quarter. Finally, BankPlus Trust Department acquired a new position in Lockheed Martin in the 4th quarter valued at approximately $2,891,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

LMT has been the topic of several analyst reports. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 3rd. Robert W. Baird raised Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 target price on the stock in a report on Wednesday, April 23rd. Royal Bank Of Canada lowered Lockheed Martin from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Morgan Stanley upgraded Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price objective for the company in a research report on Wednesday, April 16th. Finally, Baird R W raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average target price of $541.80.

Lockheed Martin Stock Performance

Shares of LMT opened at $470.21 on Friday. Lockheed Martin Corporation has a one year low of $418.88 and a one year high of $618.95. The company has a market cap of $110.17 billion, a PE ratio of 20.31, a P/E/G ratio of 1.63 and a beta of 0.29. The stock has a 50-day moving average of $471.63 and a 200-day moving average of $468.59. 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 data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts’ consensus estimates of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to analysts’ expectations of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. On average, equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders 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 yield of 2.81%. Lockheed Martin’s dividend payout ratio (DPR) is presently 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.