Mezzasalma Advisors LLC Takes Position in Lockheed Martin Co. (NYSE:LMT)

Mezzasalma Advisors LLC purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 507 shares of the aerospace company’s stock, valued at approximately $231,000.

Several other large investors have also bought and sold shares of the stock. Alps Advisors Inc. grew its holdings in shares of Lockheed Martin by 11.2% in the third quarter. Alps Advisors Inc. now owns 17,698 shares of the aerospace company’s stock valued at $7,238,000 after acquiring an additional 1,785 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. raised its position in Lockheed Martin by 2.0% in the third quarter. Eubel Brady & Suttman Asset Management Inc. now owns 40,254 shares of the aerospace company’s stock worth $16,462,000 after acquiring an additional 801 shares during the period. LaSalle St. Investment Advisors LLC boosted its stake in Lockheed Martin by 7.4% in the third quarter. LaSalle St. Investment Advisors LLC now owns 859 shares of the aerospace company’s stock valued at $351,000 after acquiring an additional 59 shares during the last quarter. Lowe Brockenbrough & Co. Inc. increased its stake in shares of Lockheed Martin by 0.6% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 12,417 shares of the aerospace company’s stock worth $5,078,000 after purchasing an additional 75 shares during the last quarter. Finally, KPP Advisory Services LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $371,000. 74.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on LMT shares. Wells Fargo & Company upped their price target on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” 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 company a “neutral” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group cut their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday, April 23rd. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $475.00 to $518.00 in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Price Performance

NYSE:LMT traded up $0.33 during mid-day trading on Thursday, reaching $466.03. The stock had a trading volume of 313,283 shares, compared to its average volume of 1,041,486. The stock has a market capitalization of $111.82 billion, a P/E ratio of 17.05, a P/E/G ratio of 4.38 and a beta of 0.46. The firm has a 50 day moving average price of $465.19 and a two-hundred day moving average price of $450.76. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. Lockheed Martin Co. has a one year low of $393.77 and a one year 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, topping 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 firm had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. During the same period in the previous year, the business posted $6.43 EPS. The business’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Dividend Announcement

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 2.70%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

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.