Park Avenue Securities LLC Purchases 182 Shares of Lockheed Martin Co. (NYSE:LMT)

Park Avenue Securities LLC raised its position in Lockheed Martin Co. (NYSE:LMT) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,392 shares of the aerospace company’s stock after purchasing an additional 182 shares during the quarter. Park Avenue Securities LLC’s holdings in Lockheed Martin were worth $8,366,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LMT. International Assets Investment Management LLC raised its position in Lockheed Martin by 10,526.6% in the fourth quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock valued at $617,416,000 after purchasing an additional 1,349,409 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Lockheed Martin by 14.9% during the fourth quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock worth $1,173,641,000 after acquiring an additional 336,588 shares during the last quarter. Confluence Investment Management LLC bought a new position in shares of Lockheed Martin during the first quarter worth about $151,402,000. Vanguard Group Inc. raised its position in shares of Lockheed Martin by 1.3% during the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after acquiring an additional 279,162 shares during the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of Lockheed Martin by 91.8% during the fourth quarter. Corient Private Wealth LLC now owns 574,017 shares of the aerospace company’s stock worth $260,169,000 after acquiring an additional 274,680 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group raised their price objective on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Citigroup raised their target price on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group decreased their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. Finally, Wells Fargo & Company raised their target price on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Trading Up 0.3 %

Shares of Lockheed Martin stock opened at $467.69 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $479.50. The stock has a 50 day moving average price of $463.71 and a two-hundred day moving average price of $449.66. The stock has a market capitalization of $112.22 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 4.39 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter last year, the firm posted $6.43 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, equities analysts anticipate that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be given a dividend of $3.15 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.69%. Lockheed Martin’s payout ratio is 46.10%.

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.