Dorsey & Whitney Trust CO LLC boosted its position in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) by 31.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,083 shares of the aerospace company’s stock after buying an additional 497 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Lockheed Martin were worth $930,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Entropy Technologies LP grew its stake in Lockheed Martin by 410.2% during the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock worth $7,874,000 after buying an additional 14,171 shares in the last quarter. PTM Wealth Management LLC acquired a new stake in Lockheed Martin during the first quarter worth about $377,000. First American Bank grew its stake in Lockheed Martin by 18.8% during the first quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock worth $3,749,000 after buying an additional 1,327 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $33,294,000. Finally, Cantor Fitzgerald Investment Advisors L.P. grew its stake in Lockheed Martin by 18.6% during the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock worth $7,652,000 after buying an additional 2,686 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.
Lockheed Martin Stock Up 0.2%
NYSE:LMT opened at $446.7530 on Friday. The firm’s 50 day simple moving average is $449.45 and its 200 day simple moving average is $456.35. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The company has a market cap of $104.30 billion, a PE ratio of 25.16, a P/E/G ratio of 1.57 and a beta of 0.27.
Lockheed Martin Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 3.0%. Lockheed Martin’s dividend payout ratio (DPR) is currently 74.32%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. Robert W. Baird reduced their price objective on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Susquehanna dropped their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating for the company in a report on Wednesday, July 23rd. Royal Bank Of Canada dropped their target price on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a report on Wednesday, July 23rd. Jefferies Financial Group dropped their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a report on Monday, April 28th. Finally, Vertical Research reissued a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $506.35.
View Our Latest Stock Analysis on Lockheed Martin
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.
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