Lockheed Martin Corporation (NYSE:LMT) Shares Purchased by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. increased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,900 shares of the aerospace company’s stock after acquiring an additional 1,841 shares during the period. Lockheed Martin makes up about 2.6% of Penn Davis Mcfarland Inc.’s investment portfolio, making the stock its 16th largest position. Penn Davis Mcfarland Inc.’s holdings in Lockheed Martin were worth $21,844,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company’s stock worth $889,593,000 after buying an additional 1,986,600 shares during the period. Proficio Capital Partners LLC raised its holdings in Lockheed Martin by 53,784.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company’s stock worth $600,412,000 after buying an additional 1,233,275 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Lockheed Martin by 17.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company’s stock worth $3,630,492,000 after buying an additional 1,132,461 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in Lockheed Martin during the 4th quarter worth about $526,587,000. Finally, Leigh Baldwin & CO. LLC acquired a new stake in Lockheed Martin during the 4th quarter worth about $451,985,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 2.5%

Shares of NYSE LMT opened at $460.63 on Wednesday. The stock has a market cap of $107.93 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.65 and a beta of 0.29. The business has a 50 day simple moving average of $471.38 and a 200 day simple moving average of $467.58. Lockheed Martin Corporation has a 52 week low of $418.88 and a 52 week high of $618.95. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $17.96 billion during the quarter, compared to analysts’ expectations of $17.83 billion. On average, research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Monday, June 2nd. Lockheed Martin’s payout ratio is 57.02%.

Analyst Ratings Changes

Several research firms have issued reports on LMT. Royal Bank Of Canada downgraded Lockheed Martin from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Melius cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Melius Research cut Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Morgan Stanley raised Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 target price on the stock in a research note on Wednesday, April 16th. Finally, Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 3rd. Nine equities research 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $541.80.

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.