Kowal Investment Group LLC Has $601,000 Stock Position in Lockheed Martin Co. (NYSE:LMT)

Kowal Investment Group LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 54.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,322 shares of the aerospace company’s stock after buying an additional 465 shares during the quarter. Kowal Investment Group LLC’s holdings in Lockheed Martin were worth $601,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Altshuler Shaham Ltd acquired a new stake in Lockheed Martin in the fourth quarter valued at $26,000. Activest Wealth Management lifted its stake in shares of Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 60 shares during the period. Iron Horse Wealth Management LLC boosted its holdings in Lockheed Martin by 1,925.0% in the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 77 shares during the last quarter. Thompson Investment Management Inc. acquired a new stake in Lockheed Martin during the 1st quarter valued at approximately $38,000. Finally, TFC Financial Management Inc. raised its holdings in Lockheed Martin by 206.9% during the 4th quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. UBS Group increased their price objective on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Wells Fargo & Company increased their price objective 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. The Goldman Sachs Group reduced 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. Finally, StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Price Performance

NYSE:LMT traded down $1.67 during trading hours on Monday, hitting $465.43. The stock had a trading volume of 306,790 shares, compared to its average volume of 1,092,559. The firm has a market capitalization of $111.68 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 4.40 and a beta of 0.46. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The company has a 50 day simple moving average of $464.84 and a two-hundred day simple moving average of $450.33. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11.

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. 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 for the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter last year, the firm posted $6.43 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. Research 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 disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $3.15 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.71%. Lockheed Martin’s dividend payout ratio (DPR) is presently 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.