Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Chapin Davis Inc.

Chapin Davis Inc. increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 73.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,270 shares of the aerospace company’s stock after acquiring an additional 539 shares during the period. Chapin Davis Inc.’s holdings in Lockheed Martin were worth $578,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LMT. Rehmann Capital Advisory Group lifted its position in shares of Lockheed Martin by 5.3% in the third quarter. Rehmann Capital Advisory Group now owns 3,975 shares of the aerospace company’s stock valued at $1,626,000 after acquiring an additional 200 shares in the last quarter. Waverly Advisors LLC lifted its position in shares of Lockheed Martin by 3.8% in the third quarter. Waverly Advisors LLC now owns 1,177 shares of the aerospace company’s stock valued at $481,000 after acquiring an additional 43 shares in the last quarter. Hodges Capital Management Inc. purchased a new position in shares of Lockheed Martin in the third quarter valued at approximately $369,000. Quadrature Capital Ltd lifted its position in Lockheed Martin by 186.5% during the third quarter. Quadrature Capital Ltd now owns 76,299 shares of the aerospace company’s stock worth $31,207,000 after buying an additional 49,669 shares in the last quarter. Finally, Insigneo Advisory Services LLC lifted its position in Lockheed Martin by 2.5% during the third quarter. Insigneo Advisory Services LLC now owns 4,124 shares of the aerospace company’s stock worth $1,687,000 after buying an additional 102 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 1.0 %

LMT traded up $4.58 on Monday, hitting $471.68. 27,351 shares of the company were exchanged, compared to its average volume of 1,090,276. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The company has a market cap of $113.17 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 4.40 and a beta of 0.46. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The firm has a 50-day moving average price of $464.84 and a two-hundred day moving average price of $450.33.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $16.04 billion. During the same period in the previous year, the firm posted $6.43 EPS. Lockheed Martin’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities analysts predict that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 2.67%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is presently 46.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LMT shares. Citigroup lifted their price objective on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company lifted their price objective on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $475.00 to $518.00 in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and an average target price of $485.40.

About Lockheed Martin

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.