Inman Jager Wealth Management LLC Buys 361 Shares of Lockheed Martin Corporation (NYSE:LMT)

Inman Jager Wealth Management LLC increased its position in Lockheed Martin Corporation (NYSE:LMT) by 11.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,541 shares of the aerospace company’s stock after purchasing an additional 361 shares during the period. Lockheed Martin makes up approximately 1.2% of Inman Jager Wealth Management LLC’s holdings, making the stock its 24th biggest position. Inman Jager Wealth Management LLC’s holdings in Lockheed Martin were worth $1,582,000 at the end of the most recent reporting period.

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

Lockheed Martin Stock Down 0.3%

LMT opened at $458.72 on Thursday. The firm’s 50 day simple moving average is $471.01 and its two-hundred day simple moving average is $467.51. The company has a market capitalization of $107.48 billion, a PE ratio of 19.82, a PEG ratio of 1.60 and a beta of 0.29. Lockheed Martin Corporation has a 1-year low of $418.88 and a 1-year high of $618.95. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating analysts’ consensus estimates of $6.34 by $0.94. The firm 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 104.09% and a net margin of 7.66%. As a group, equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.88%. Lockheed Martin’s dividend payout ratio (DPR) is 57.02%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Melius downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report 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 for the company in a research report on Wednesday, April 16th. UBS Group raised their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 23rd. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Finally, Royal Bank Of Canada cut shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $541.80.

Lockheed Martin 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.