Oppenheimer & Co. Inc. Purchases 2,339 Shares of Lockheed Martin Corporation (NYSE:LMT)

Oppenheimer & Co. Inc. grew its position in Lockheed Martin Corporation (NYSE:LMT) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,026 shares of the aerospace company’s stock after purchasing an additional 2,339 shares during the period. Oppenheimer & Co. Inc.’s holdings in Lockheed Martin were worth $15,200,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. LaFleur & Godfrey LLC boosted its position in Lockheed Martin by 18.0% in the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company’s stock worth $562,000 after purchasing an additional 176 shares during the last quarter. Eagle Capital Management LLC raised its stake in shares of Lockheed Martin by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company’s stock worth $5,261,000 after purchasing an additional 32 shares during the period. Brighton Jones LLC increased its holdings in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after buying an additional 191 shares during the last quarter. Hudson Portfolio Management LLC bought a new position in shares of Lockheed Martin during the 4th quarter valued at approximately $256,000. Finally, Transcend Capital Advisors LLC increased its stake in shares of Lockheed Martin by 6.0% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,719 shares of the aerospace company’s stock worth $835,000 after purchasing an additional 98 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

NYSE LMT opened at $470.21 on Monday. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95. The company has a fifty day moving average of $471.63 and a 200-day moving average of $467.91. The company has a market capitalization of $110.17 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.64 and a beta of 0.29. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating analysts’ consensus estimates of $6.34 by $0.94. The business had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. As a group, equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.81%. Lockheed Martin’s payout ratio is currently 57.02%.

Analysts Set New Price Targets

Several research firms recently commented on LMT. Bank of America downgraded shares of Lockheed Martin from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 3rd. Melius Research downgraded Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Morgan Stanley raised Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 target price for the company in a report on Wednesday, April 16th. Finally, UBS Group increased their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $541.80.

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.