McDonough Capital Management Inc Has $3.38 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

McDonough Capital Management Inc decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,554 shares of the aerospace company’s stock after selling 133 shares during the quarter. Lockheed Martin comprises approximately 2.2% of McDonough Capital Management Inc’s investment portfolio, making the stock its 13th biggest holding. McDonough Capital Management Inc’s holdings in Lockheed Martin were worth $3,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LMT. Millstone Evans Group LLC bought a new stake in shares of Lockheed Martin during the 4th quarter valued at $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $34,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin in the fourth quarter valued at about $35,000. Redwood Park Advisors LLC acquired a new position in Lockheed Martin in the fourth quarter valued at about $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Lockheed Martin in the fourth quarter valued at about $42,000. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LMT. Bank of America lowered Lockheed Martin from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Melius Research cut shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Baird R W raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 23rd. Morgan Stanley raised 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. Finally, Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 3rd. Nine investment 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. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price of $541.80.

Lockheed Martin Stock Up 0.7%

Shares of Lockheed Martin stock opened at $481.49 on Monday. The firm has a market cap of $112.81 billion, a PE ratio of 21.63, a P/E/G ratio of 2.07 and a beta of 0.29. The business’s 50 day simple moving average is $467.56 and its 200 day simple moving average is $471.52. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data 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 company had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders 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 yield of 2.74%. Lockheed Martin’s dividend payout ratio (DPR) is presently 57.02%.

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.