LCM Capital Management Inc Boosts Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

LCM Capital Management Inc grew its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,857 shares of the aerospace company’s stock after buying an additional 68 shares during the quarter. Lockheed Martin accounts for 1.0% of LCM Capital Management Inc’s portfolio, making the stock its 18th largest position. LCM Capital Management Inc’s holdings in Lockheed Martin were worth $1,723,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company’s stock valued at $889,593,000 after purchasing an additional 1,986,600 shares during the period. Castlekeep Investment Advisors LLC purchased a new position in Lockheed Martin during the fourth quarter valued at $526,587,000. Leigh Baldwin & CO. LLC purchased a new position in Lockheed Martin during the fourth quarter valued at $451,985,000. Capital Research Global Investors purchased a new position in Lockheed Martin during the fourth quarter valued at $229,987,000. Finally, Demars Financial Group LLC grew its stake in shares of Lockheed Martin by 47,002.5% in the 4th quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company’s stock worth $210,579,000 after buying an additional 432,423 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $423.90 on Tuesday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The stock has a market cap of $98.96 billion, a P/E ratio of 23.87, a PEG ratio of 1.48 and a beta of 0.27. The company has a 50-day moving average price of $459.77 and a 200 day moving average price of $460.03. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47.

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

Lockheed Martin Announces Dividend

The business also recently announced 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 3.1%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin’s dividend payout ratio (DPR) is 74.32%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LMT. Vertical Research restated a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. Truist Financial lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. Jefferies Financial Group cut their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. TD Cowen reaffirmed a “hold” rating and issued a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Finally, Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the stock a “market perform” rating in a research report on Monday, July 14th. Fifteen analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.