BluePath Capital Management LLC Purchases 268 Shares of Lockheed Martin Co. (NYSE:LMT)

BluePath Capital Management LLC lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 9.1% during the 1st quarter, HoldingsChannel reports. The firm owned 3,225 shares of the aerospace company’s stock after acquiring an additional 268 shares during the period. Lockheed Martin comprises 1.1% of BluePath Capital Management LLC’s investment portfolio, making the stock its 15th largest position. BluePath Capital Management LLC’s holdings in Lockheed Martin were worth $1,467,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in Lockheed Martin during the 4th quarter worth approximately $26,000. Activest Wealth Management grew 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 acquiring an additional 60 shares during the last quarter. Iron Horse Wealth Management LLC grew its holdings in Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 77 shares during the last quarter. Thompson Investment Management Inc. bought a new stake in Lockheed Martin during the 1st quarter worth approximately $38,000. Finally, TFC Financial Management Inc. grew its holdings in Lockheed Martin by 206.9% during the 4th quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock worth $40,000 after acquiring an additional 60 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Up 0.1 %

Shares of Lockheed Martin stock traded up $0.45 during trading on Wednesday, reaching $466.15. 313,283 shares of the company traded hands, compared to its average volume of 1,083,790. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. The company has a 50 day moving average price of $465.05 and a 200-day moving average price of $450.65. The firm has a market capitalization of $111.85 billion, a PE ratio of 17.05, a P/E/G ratio of 4.40 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter in the previous year, the company earned $6.43 EPS. Lockheed Martin’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.70%. Lockheed Martin’s payout ratio is 46.10%.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of research reports. The Goldman Sachs Group reduced their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. UBS Group boosted their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Wells Fargo & Company boosted their price target on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Finally, StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.