Lee Johnson Capital Management LLC Boosts Stake in Lockheed Martin Corporation (NYSE:LMT)

Lee Johnson Capital Management LLC grew its stake in Lockheed Martin Corporation (NYSE:LMT) by 39.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,219 shares of the aerospace company’s stock after buying an additional 346 shares during the period. Lee Johnson Capital Management LLC’s holdings in Lockheed Martin were worth $545,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms have recently commented on LMT. Baird R W upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 3rd. Jefferies Financial Group cut their price objective on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a research report on Monday, April 28th. Bank of America downgraded Lockheed Martin from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Finally, Wells Fargo & Company cut their price objective on 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. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $541.80.

Lockheed Martin Stock Performance

NYSE LMT opened at $468.94 on Tuesday. The stock has a 50-day moving average of $470.45 and a two-hundred day moving average of $465.33. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. The company has a market cap of $109.87 billion, a P/E ratio of 20.26, a P/E/G ratio of 1.61 and a beta of 0.28. Lockheed Martin Corporation has a 1-year low of $418.88 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.34 by $0.94. The business had revenue of $17.96 billion during the quarter, compared to analysts’ expectations of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. As a group, analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin’s payout ratio is presently 57.02%.

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.