Curated Wealth Partners LLC Invests $241,000 in Lockheed Martin Co. (NYSE:LMT)

Curated Wealth Partners LLC purchased a new stake in Lockheed Martin Co. (NYSE:LMT) during the first quarter, Holdings Channel reports. The institutional investor purchased 540 shares of the aerospace company’s stock, valued at approximately $241,000.

A number of other hedge funds have also modified their holdings of the company. Schear Investment Advisers LLC increased its stake in Lockheed Martin by 2.0% in the fourth quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company’s stock valued at $557,000 after purchasing an additional 22 shares in the last quarter. Private Portfolio Partners LLC grew its holdings in shares of Lockheed Martin by 4.8% in the 4th quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company’s stock valued at $244,000 after buying an additional 23 shares during the period. Tealwood Asset Management Inc. increased its position in shares of Lockheed Martin by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company’s stock valued at $2,559,000 after buying an additional 23 shares in the last quarter. Invenio Wealth Partners LLC raised its stake in Lockheed Martin by 6.2% during the 4th quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company’s stock worth $201,000 after buying an additional 24 shares during the period. Finally, Pioneer Trust Bank N A OR raised its stake in Lockheed Martin by 1.3% during the 4th quarter. Pioneer Trust Bank N A OR now owns 1,944 shares of the aerospace company’s stock worth $945,000 after buying an additional 24 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LMT has been the subject of several recent analyst reports. Jefferies Financial Group lowered their price target on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a report on Monday, April 28th. Melius cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Melius Research downgraded shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Baird R W upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 3rd. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $541.80.

Lockheed Martin Stock Down 0.2%

Lockheed Martin stock opened at $480.88 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95. The company has a fifty day simple moving average of $468.12 and a 200 day simple moving average of $471.09. The company has a market cap of $112.67 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Research analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.74%. The ex-dividend date is Monday, June 2nd. Lockheed Martin’s dividend payout ratio (DPR) is currently 57.02%.

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.