500 Shares in Lockheed Martin Co. (NYSE:LMT) Acquired by Epiq Partners LLC

Epiq Partners LLC bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 500 shares of the aerospace company’s stock, valued at approximately $227,000.

Several other institutional investors have also added to or reduced their stakes in LMT. Wealthcare Advisory Partners LLC grew its stake in shares of Lockheed Martin by 15.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,681 shares of the aerospace company’s stock valued at $4,404,000 after acquiring an additional 1,291 shares during the period. Clarity Financial LLC bought a new position in shares of Lockheed Martin in the first quarter worth approximately $209,000. Aletheian Wealth Advisors LLC increased its stake in shares of Lockheed Martin by 135.0% in the first quarter. Aletheian Wealth Advisors LLC now owns 2,066 shares of the aerospace company’s stock worth $940,000 after purchasing an additional 1,187 shares in the last quarter. GoalVest Advisory LLC raised its position in shares of Lockheed Martin by 12.1% during the 1st quarter. GoalVest Advisory LLC now owns 2,770 shares of the aerospace company’s stock valued at $1,260,000 after purchasing an additional 298 shares during the period. Finally, Brookstone Capital Management lifted its stake in shares of Lockheed Martin by 7.2% during the 1st quarter. Brookstone Capital Management now owns 33,536 shares of the aerospace company’s stock valued at $15,255,000 after buying an additional 2,257 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Up 0.3 %

NYSE LMT traded up $1.33 during trading hours on Thursday, hitting $468.32. 235,774 shares of the company were exchanged, compared to its average volume of 1,074,432. The stock has a market cap of $112.37 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 4.41 and a beta of 0.47. 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 $464.34 and a 200 day moving average price of $450.00. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

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

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be issued a $3.15 dividend. 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 dividend payout ratio (DPR) is presently 46.10%.

Analysts Set New Price Targets

LMT has been the subject of several research analyst reports. Citigroup increased their target price on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. The Goldman Sachs Group dropped their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Finally, UBS Group increased their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $485.40.

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.