Concurrent Investment Advisors LLC Has $6.42 Million Holdings in Lockheed Martin Corporation (NYSE:LMT)

Concurrent Investment Advisors LLC raised its position in Lockheed Martin Corporation (NYSE:LMT) by 15.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,367 shares of the aerospace company’s stock after buying an additional 1,971 shares during the period. Concurrent Investment Advisors LLC’s holdings in Lockheed Martin were worth $6,418,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new position in shares of Lockheed Martin during the fourth quarter worth approximately $32,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Lockheed Martin during the fourth quarter worth approximately $34,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin during the fourth quarter worth approximately $35,000. Redwood Park Advisors LLC acquired a new position in shares of Lockheed Martin during the fourth quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of Lockheed Martin during the fourth quarter worth approximately $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 0.2%

Shares of NYSE:LMT opened at $463.31 on Friday. Lockheed Martin Corporation has a 52 week low of $418.88 and a 52 week high of $618.95. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. The company has a market capitalization of $108.55 billion, a PE ratio of 20.01, a PEG ratio of 1.61 and a beta of 0.28. The company has a 50 day moving average price of $470.60 and a two-hundred day moving average price of $465.57.

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

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin’s payout ratio is presently 57.02%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 target price on the stock in a research report on Wednesday, April 16th. Melius lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Royal Bank Of Canada lowered shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Bank of America lowered shares of Lockheed Martin from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Finally, Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 3rd. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and an average target price of $541.80.

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.