PUREfi Wealth LLC Boosts Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

PUREfi Wealth LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT) by 66.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 799 shares of the aerospace company’s stock after buying an additional 320 shares during the quarter. PUREfi Wealth LLC’s holdings in Lockheed Martin were worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $478.91 on Wednesday. The company’s fifty day moving average price is $471.55 and its 200-day moving average price is $469.28. 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 firm has a market capitalization of $112.21 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.63 and a beta of 0.29. Lockheed Martin Corporation has a one year low of $418.88 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts’ consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The business had revenue of $17.96 billion for the quarter, compared to analysts’ expectations of $17.83 billion. On average, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal 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 given a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.76%. Lockheed Martin’s payout ratio is 57.02%.

Wall Street Analyst Weigh In

LMT has been the topic of a number of analyst reports. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Bank of America lowered Lockheed Martin from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $685.00 to $485.00 in a research note on Monday, March 24th. UBS Group increased their price objective on Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 23rd. Baird R W raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Finally, Melius cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and an average target price of $541.80.

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.