Isthmus Partners LLC Purchases 520 Shares of Lockheed Martin Corporation (NYSE:LMT)

Isthmus Partners LLC raised its position in Lockheed Martin Corporation (NYSE:LMT) by 2.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 24,498 shares of the aerospace company’s stock after purchasing an additional 520 shares during the period. Isthmus Partners LLC’s holdings in Lockheed Martin were worth $10,944,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. First American Bank boosted its position in Lockheed Martin by 18.8% during the first quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock valued at $3,749,000 after acquiring an additional 1,327 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at about $33,294,000. Cantor Fitzgerald Investment Advisors L.P. boosted its position in shares of Lockheed Martin by 18.6% during the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock valued at $7,652,000 after purchasing an additional 2,686 shares in the last quarter. State of Wyoming grew its stake in Lockheed Martin by 93.9% during the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company’s stock worth $541,000 after purchasing an additional 539 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in Lockheed Martin by 3.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company’s stock worth $49,893,000 after purchasing an additional 3,809 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Up 0.7%

LMT opened at $467.48 on Friday. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The firm has a market capitalization of $109.53 billion, a PE ratio of 20.19, a P/E/G ratio of 1.64 and a beta of 0.28. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. The company’s 50-day moving average is $469.54 and its 200 day moving average is $464.85.

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

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin’s dividend payout ratio (DPR) is presently 57.02%.

Wall Street Analyst Weigh In

LMT has been the topic of a number of research analyst reports. Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Melius Research downgraded shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Morgan Stanley upgraded 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. TD Cowen reaffirmed a “hold” rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research note on Thursday. Finally, Bank of America cut shares of Lockheed Martin from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $531.47.

Lockheed Martin Company 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.