Nvest Financial LLC Has $922,000 Stock Position in Lockheed Martin Co. (NYSE:LMT)

Nvest Financial LLC boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 15.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,028 shares of the aerospace company’s stock after buying an additional 265 shares during the period. Nvest Financial LLC’s holdings in Lockheed Martin were worth $922,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $26,000. Activest Wealth Management raised its holdings in shares of Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares during the last quarter. Iron Horse Wealth Management LLC raised its holdings in shares of Lockheed Martin by 1,925.0% in the fourth 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 last quarter. Thompson Investment Management Inc. acquired a new stake in shares of Lockheed Martin in the first quarter valued at approximately $38,000. Finally, TFC Financial Management Inc. raised its holdings in shares of Lockheed Martin by 206.9% in the fourth quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 60 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded down $0.98 on Tuesday, hitting $465.46. The company had a trading volume of 502,447 shares, compared to its average volume of 1,089,905. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. The stock has a market cap of $111.68 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 4.40 and a beta of 0.46. The stock has a 50 day moving average price of $464.94 and a 200 day moving average price of $450.48. 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 (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same period in the previous year, the company earned $6.43 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Analysts expect that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

The business 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 $3.15 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.71%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LMT shares. The Goldman Sachs Group lowered their price objective 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. Citigroup boosted their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $475.00 to $518.00 in a report on Monday, April 15th. UBS Group boosted their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $485.40.

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.