Edge Capital Group LLC Has $2.97 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Edge Capital Group LLC lifted its stake in Lockheed Martin Co. (NYSE:LMTFree Report) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,557 shares of the aerospace company’s stock after acquiring an additional 435 shares during the quarter. Edge Capital Group LLC’s holdings in Lockheed Martin were worth $2,972,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LMT. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after buying an additional 27 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in Lockheed Martin during the fourth quarter worth approximately $26,000. Activest Wealth Management lifted its holdings in Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares during the last quarter. Providence Capital Advisors LLC bought a new stake in Lockheed Martin in the 3rd quarter valued at $35,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Lockheed Martin by 1,925.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price target for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Wells Fargo & Company lifted their price target on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” 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 note on Thursday, April 25th. The Goldman Sachs Group cut their target price on 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, Citigroup raised their price target on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $485.40.

Read Our Latest Report on Lockheed Martin

Lockheed Martin Stock Performance

NYSE:LMT opened at $465.23 on Thursday. The company has a market capitalization of $111.63 billion, a PE ratio of 17.02, a P/E/G ratio of 4.41 and a beta of 0.47. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The company has a 50 day simple moving average of $461.11 and a two-hundred day simple moving average of $448.42.

Lockheed Martin (NYSE:LMTGet Free Report) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. Lockheed Martin’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $6.43 earnings per share. Research analysts anticipate that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be issued a $3.15 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.71%. Lockheed Martin’s payout ratio is currently 46.10%.

About Lockheed Martin

(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.

See Also

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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