Sonora Investment Management Group LLC Acquires 1,385 Shares of Lockheed Martin Co. (NYSE:LMT)

Sonora Investment Management Group LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 3.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 40,287 shares of the aerospace company’s stock after buying an additional 1,385 shares during the quarter. Lockheed Martin accounts for about 1.4% of Sonora Investment Management Group LLC’s investment portfolio, making the stock its 21st largest holding. Sonora Investment Management Group LLC’s holdings in Lockheed Martin were worth $17,997,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in LMT. LaFleur & Godfrey LLC raised its holdings in Lockheed Martin by 18.0% during the 4th quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company’s stock valued at $562,000 after buying an additional 176 shares during the last quarter. Eagle Capital Management LLC raised its position in Lockheed Martin by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company’s stock valued at $5,261,000 after purchasing an additional 32 shares during the last quarter. Brighton Jones LLC lifted its holdings in Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after buying an additional 191 shares during the period. Hudson Portfolio Management LLC purchased a new stake in Lockheed Martin in the 4th quarter worth approximately $256,000. Finally, Vest Financial LLC grew its position in shares of Lockheed Martin by 9.7% in the 4th quarter. Vest Financial LLC now owns 2,146 shares of the aerospace company’s stock worth $1,043,000 after buying an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Melius lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Morgan Stanley upgraded shares of Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price target on the stock in a research report on Wednesday, April 16th. UBS Group increased their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 23rd. Baird R W upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company lowered their price objective on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. 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 Performance

LMT opened at $480.88 on Tuesday. The company’s 50 day moving average is $468.12 and its 200 day moving average is $471.09. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The company has a market cap of $112.67 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a 12-month low of $418.88 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion for the quarter, compared to analysts’ expectations of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, equities research analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin’s dividend 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.