Lockheed Martin Co. (NYSE:LMT) Shares Bought by Congress Park Capital LLC

Congress Park Capital LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 935 shares of the aerospace company’s stock after purchasing an additional 25 shares during the quarter. Congress Park Capital LLC’s holdings in Lockheed Martin were worth $425,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Paralel Advisors LLC increased its holdings in Lockheed Martin by 1.1% in the third quarter. Paralel Advisors LLC now owns 4,046 shares of the aerospace company’s stock valued at $1,655,000 after buying an additional 45 shares during the last quarter. Operose Advisors LLC grew its holdings in shares of Lockheed Martin by 292.5% during the third quarter. Operose Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $64,000 after purchasing an additional 117 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Lockheed Martin by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 105,529 shares of the aerospace company’s stock valued at $43,157,000 after purchasing an additional 519 shares during the last quarter. Sawgrass Asset Management LLC boosted its position in shares of Lockheed Martin by 23.1% during the third quarter. Sawgrass Asset Management LLC now owns 900 shares of the aerospace company’s stock worth $368,000 after buying an additional 169 shares during the period. Finally, Roundview Capital LLC boosted its position in shares of Lockheed Martin by 4.8% during the third quarter. Roundview Capital LLC now owns 3,896 shares of the aerospace company’s stock worth $1,593,000 after buying an additional 177 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LMT. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. The Goldman Sachs Group cut their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. UBS Group boosted their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Wells Fargo & Company boosted their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Finally, StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $485.40.

Lockheed Martin Trading Up 0.2 %

Shares of LMT stock traded up $1.10 during trading hours on Friday, reaching $468.23. The company had a trading volume of 381,710 shares, compared to its average volume of 1,073,970. The company has a 50 day moving average of $464.56 and a 200 day moving average of $450.12. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The firm has a market cap of $112.35 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 4.40 and a beta of 0.47. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The firm had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.43 EPS. On average, equities research analysts anticipate that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.69%. Lockheed Martin’s payout ratio is presently 46.10%.

Lockheed Martin Company 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.