Motiv8 Investments LLC Acquires 291 Shares of Lockheed Martin Corporation (NYSE:LMT)

Motiv8 Investments LLC boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 14.5% in the first quarter, HoldingsChannel reports. The fund owned 2,297 shares of the aerospace company’s stock after acquiring an additional 291 shares during the period. Motiv8 Investments LLC’s holdings in Lockheed Martin were worth $1,026,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LMT. UBS Group increased their target price on Lockheed Martin from $481.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 23rd. Jefferies Financial Group dropped their price objective on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a research note on Monday, April 28th. Morgan Stanley upgraded Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 target price on the stock in a research report on Wednesday, April 16th. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 3rd. Finally, Melius lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $541.80.

Lockheed Martin Trading Down 0.3%

NYSE LMT opened at $458.72 on Thursday. The firm has a 50 day simple moving average of $471.01 and a 200-day simple moving average of $467.51. The firm has a market cap of $107.48 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.60 and a beta of 0.29. 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 Corporation has a one year low of $418.88 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly 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 company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.88%. Lockheed Martin’s dividend payout ratio is presently 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.