Lockheed Martin Corporation (NYSE:LMT) Shares Purchased by MB Levis & Associates LLC

MB Levis & Associates LLC raised its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 51.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 551 shares of the aerospace company’s stock after acquiring an additional 188 shares during the period. MB Levis & Associates LLC’s holdings in Lockheed Martin were worth $246,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin in the first quarter worth $31,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin during the 4th quarter worth $35,000. Redwood Park Advisors LLC acquired a new stake in Lockheed Martin in the 4th quarter valued at $40,000. Banque Transatlantique SA purchased a new position in Lockheed Martin in the fourth quarter valued at about $43,000. Finally, EQ Wealth Advisors LLC acquired a new position in shares of Lockheed Martin during the first quarter worth about $43,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $421.25 on Tuesday. The company has a market cap of $98.35 billion, a PE ratio of 23.72, a P/E/G ratio of 1.48 and a beta of 0.28. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The firm has a 50-day simple moving average of $464.77 and a 200 day simple moving average of $462.30. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate of $6.57 by $0.72. The company had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $7.11 earnings per share. On average, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin’s dividend payout ratio (DPR) is 74.32%.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of recent research reports. Jefferies Financial Group lowered their target price 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. Truist Financial downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Baird R W raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Fifteen analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $506.65.

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.