Mutual Advisors LLC Has $5.39 Million Stock Position in Lockheed Martin Corporation (NYSE:LMT)

Mutual Advisors LLC grew its holdings in Lockheed Martin Corporation (NYSE:LMT) by 0.3% in the first quarter, HoldingsChannel reports. The fund owned 11,281 shares of the aerospace company’s stock after buying an additional 36 shares during the period. Mutual Advisors LLC’s holdings in Lockheed Martin were worth $5,388,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Melius Research cut Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Bank of America downgraded shares of Lockheed Martin from a “buy” rating to a “neutral” rating and cut their price target for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Morgan Stanley raised shares of Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price objective on the stock in a research note on Wednesday, April 16th. Wells Fargo & Company lowered their price objective on shares of 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. Finally, Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and an average price target of $541.80.

Lockheed Martin Trading Up 0.2%

NYSE LMT opened at $463.31 on Friday. The company has a market cap of $108.55 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 1.61 and a beta of 0.28. Lockheed Martin Corporation has a twelve month low of $418.88 and a twelve month high of $618.95. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. The business’s fifty day moving average is $470.89 and its 200 day moving average is $465.87.

Lockheed Martin (NYSE:LMT) last announced its quarterly 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 firm had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. As a group, sell-side analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin’s 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.