Investment Research & Advisory Group Inc. Has $2.44 Million Holdings in Lockheed Martin Corporation (NYSE:LMT)

Investment Research & Advisory Group Inc. raised its position in Lockheed Martin Corporation (NYSE:LMT) by 4.0% during the first quarter, Holdings Channel reports. The firm owned 5,470 shares of the aerospace company’s stock after purchasing an additional 211 shares during the period. Investment Research & Advisory Group Inc.’s holdings in Lockheed Martin were worth $2,444,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LMT. Jefferies Financial Group dropped their price target on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating on the stock in a research note on Monday, April 28th. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 3rd. Bank of America lowered shares of Lockheed Martin from a “buy” rating to a “neutral” rating and cut their target price for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Melius downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, Melius Research lowered shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and a consensus target price of $541.80.

Lockheed Martin Stock Down 2.3%

Shares of NYSE LMT opened at $468.27 on Friday. 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 has a 50-day moving average price of $471.73 and a 200-day moving average price of $468.91. The stock has a market capitalization of $109.72 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.63 and a beta of 0.29. Lockheed Martin Corporation has a 1 year low of $418.88 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.34 by $0.94. The business 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%. On average, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.82%. Lockheed Martin’s payout ratio is 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.