AdvisorNet Financial Inc raised its position in shares of Lockheed Martin (NYSE:LMT) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,988 shares of the aerospace company’s stock after purchasing an additional 291 shares during the period. AdvisorNet Financial Inc’s holdings in Lockheed Martin were worth $4,051,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Bray Capital Advisors acquired a new position in shares of Lockheed Martin during the first quarter worth $127,000. Madrona Financial Services LLC acquired a new position in shares of Lockheed Martin during the first quarter worth $204,000. Buckingham Capital Management Inc. acquired a new position in shares of Lockheed Martin during the third quarter worth $208,000. HMS Capital Management LLC acquired a new position in shares of Lockheed Martin during the first quarter worth $216,000. Finally, Traynor Capital Management Inc. acquired a new position in shares of Lockheed Martin during the first quarter worth $225,000. Institutional investors and hedge funds own 78.76% of the company’s stock.

Shares of LMT opened at $319.33 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.05 and a debt-to-equity ratio of -121.38. The firm has a market cap of $91.11 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 2.71 and a beta of 0.73. Lockheed Martin has a 12 month low of $319.18 and a 12 month high of $321.61.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, April 24th. The aerospace company reported $4.02 EPS for the quarter, beating the Zacks’ consensus estimate of $3.35 by $0.67. The business had revenue of $11.64 billion for the quarter, compared to analysts’ expectations of $11.25 billion. Lockheed Martin had a net margin of 4.64% and a return on equity of 608.95%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.00 earnings per share. sell-side analysts predict that Lockheed Martin will post 16.03 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 1st will be given a dividend of $2.00 per share. The ex-dividend date is Thursday, May 31st. This represents a $8.00 dividend on an annualized basis and a yield of 2.51%. Lockheed Martin’s dividend payout ratio (DPR) is currently 60.02%.

Several analysts recently weighed in on the stock. Credit Suisse Group reissued a “neutral” rating on shares of Lockheed Martin in a research note on Friday, January 19th. Zacks Investment Research raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 price objective on the stock in a research note on Friday, January 19th. Morgan Stanley reissued an “overweight” rating and issued a $388.00 price objective (up previously from $382.00) on shares of Lockheed Martin in a research note on Friday, February 23rd. Cowen reissued a “hold” rating and issued a $370.00 price objective on shares of Lockheed Martin in a research note on Tuesday, April 24th. Finally, Royal Bank of Canada set a $348.00 price objective on shares of Lockheed Martin and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $373.91.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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