Root Financial Partners LLC Increases Stake in Lockheed Martin Corporation (NYSE:LMT)

by · The Markets Daily

Root Financial Partners LLC boosted its stake in Lockheed Martin Corporation (NYSE:LMT – Free Report) by 4.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 541 shares of the aerospace company’s stock after purchasing an additional 25 shares during the quarter. Root Financial Partners LLC’s holdings in Lockheed Martin were worth $242,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. McGuire Investment Group LLC grew its holdings in Lockheed Martin by 1.2% during the 1st quarter. McGuire Investment Group LLC now owns 9,227 shares of the aerospace company’s stock valued at $4,122,000 after purchasing an additional 112 shares in the last quarter. Goodman Advisory Group LLC acquired a new stake in Lockheed Martin during the 1st quarter valued at approximately $328,000. Joel Isaacson & Co. LLC increased its holdings in Lockheed Martin by 18.6% during the 1st quarter. Joel Isaacson & Co. LLC now owns 1,149 shares of the aerospace company’s stock worth $513,000 after purchasing an additional 180 shares during the last quarter. Convergence Financial LLC raised its position in shares of Lockheed Martin by 19.0% in the 1st quarter. Convergence Financial LLC now owns 1,609 shares of the aerospace company’s stock valued at $719,000 after purchasing an additional 257 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC boosted its stake in shares of Lockheed Martin by 6.1% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 1,520 shares of the aerospace company’s stock valued at $679,000 after buying an additional 87 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LMT shares. Jefferies Financial Group dropped their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a research report on Monday, April 28th. Royal Bank Of Canada lowered Lockheed Martin from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Baird R W raised 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 report on Saturday, May 3rd. Finally, Wells Fargo & Company dropped their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average target price of $541.80.

View Our Latest Analysis on LMT

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $458.59 on Monday. The firm’s 50 day moving average is $470.80 and its two-hundred day moving average is $466.31. The firm has a market capitalization of $107.45 billion, a P/E ratio of 19.81, a PEG ratio of 1.60 and a beta of 0.29. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. Lockheed Martin Corporation has a 52 week low of $418.88 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT – Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.34 by $0.94. The company 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%. Analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin’s payout ratio is currently 57.02%.

Lockheed Martin Company Profile

(Free Report)

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.

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