Wealthspire Advisors LLC Buys 124 Shares of Lockheed Martin Co. (NYSE:LMT)

Wealthspire Advisors LLC lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 4.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,970 shares of the aerospace company’s stock after acquiring an additional 124 shares during the period. Wealthspire Advisors LLC’s holdings in Lockheed Martin were worth $1,351,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Hudock Inc. boosted its holdings in shares of Lockheed Martin by 1.3% in the first quarter. Hudock Inc. now owns 1,760 shares of the aerospace company’s stock worth $801,000 after acquiring an additional 22 shares during the period. Norris Perne & French LLP MI boosted its stake in Lockheed Martin by 2.8% during the fourth quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock valued at $410,000 after buying an additional 25 shares during the period. Genesee Capital Advisors LLC boosted its stake in Lockheed Martin by 2.8% during the fourth quarter. Genesee Capital Advisors LLC now owns 923 shares of the aerospace company’s stock valued at $419,000 after buying an additional 25 shares during the period. Hunter Associates Investment Management LLC boosted its stake in Lockheed Martin by 1.3% during the fourth quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock valued at $912,000 after buying an additional 25 shares during the period. Finally, Missouri Trust & Investment Co boosted its stake in Lockheed Martin by 19.8% during the fourth quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock valued at $68,000 after buying an additional 25 shares during the period. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

LMT has been the subject of several research analyst reports. UBS Group lifted their price objective on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Citigroup raised their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price target for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Finally, The Goldman Sachs Group lowered their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Trading Up 0.7 %

NYSE LMT opened at $463.73 on Friday. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. 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 stock has a 50-day moving average of $464.98 and a 200-day moving average of $451.48. The firm has a market cap of $111.27 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 4.36 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 for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. During the same quarter in the previous year, the company posted $6.43 EPS. Lockheed Martin’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 26.19 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be paid a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

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.