Lockheed Martin Co. (NYSE:LMT) Shares Bought by Exeter Financial LLC

Exeter Financial LLC lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 4.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 4,356 shares of the aerospace company’s stock after buying an additional 184 shares during the period. Exeter Financial LLC’s holdings in Lockheed Martin were worth $1,978,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LMT. Paralel Advisors LLC grew its position in shares of Lockheed Martin by 1.1% in the third quarter. Paralel Advisors LLC now owns 4,046 shares of the aerospace company’s stock valued at $1,655,000 after purchasing an additional 45 shares during the period. Operose Advisors LLC increased its stake in shares of Lockheed Martin by 292.5% during the 3rd quarter. Operose Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $64,000 after acquiring an additional 117 shares during the last quarter. MQS Management LLC grew its holdings in Lockheed Martin by 46.5% in the third quarter. MQS Management LLC now owns 1,156 shares of the aerospace company’s stock valued at $473,000 after purchasing an additional 367 shares during the period. Weik Capital Management increased its position in Lockheed Martin by 12.5% during the third quarter. Weik Capital Management now owns 6,038 shares of the aerospace company’s stock worth $2,469,000 after purchasing an additional 670 shares during the last quarter. Finally, Trexquant Investment LP raised its stake in Lockheed Martin by 78.3% during the third quarter. Trexquant Investment LP now owns 48,784 shares of the aerospace company’s stock worth $19,951,000 after purchasing an additional 21,421 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on LMT shares. Deutsche Bank Aktiengesellschaft upped their price objective on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. UBS Group raised their price objective on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Wells Fargo & Company boosted their target price on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upgraded shares of 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 report on Monday, April 15th. Finally, StockNews.com raised 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 assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Stock Up 0.0 %

LMT stock traded up $0.13 during mid-day trading on Thursday, hitting $467.12. 358,985 shares of the company were exchanged, compared to its average volume of 1,075,434. The company has a market capitalization of $112.08 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 4.41 and a beta of 0.47. The firm has a fifty day simple moving average of $464.56 and a 200 day simple moving average of $450.12. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.53. The firm had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. Lockheed Martin’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the company earned $6.43 earnings per share. On average, research analysts forecast that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed 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. This represents a $12.60 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Monday, June 3rd. Lockheed Martin’s dividend payout ratio 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.