Gibson Capital LLC Acquires Shares of 638 Lockheed Martin Co. (NYSE:LMT)

Gibson Capital LLC bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the 1st quarter, Holdings Channel reports. The fund bought 638 shares of the aerospace company’s stock, valued at approximately $285,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LMT. Petredis Investment Advisors LLC grew its stake in Lockheed Martin by 1.0% during the 1st quarter. Petredis Investment Advisors LLC now owns 9,880 shares of the aerospace company’s stock valued at $4,413,000 after purchasing an additional 93 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Lockheed Martin by 17.7% during the 1st quarter. SG Americas Securities LLC now owns 71,344 shares of the aerospace company’s stock valued at $31,870,000 after buying an additional 10,713 shares during the last quarter. Central Valley Advisors LLC acquired a new stake in shares of Lockheed Martin during the first quarter worth approximately $1,733,000. Curated Wealth Partners LLC bought a new stake in shares of Lockheed Martin in the first quarter worth $241,000. Finally, First National Bank of Mount Dora Trust Investment Services raised its holdings in Lockheed Martin by 13.9% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 7,947 shares of the aerospace company’s stock valued at $3,550,000 after acquiring an additional 972 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 0.2%

Shares of NYSE LMT opened at $480.88 on Tuesday. Lockheed Martin Co. has a 12-month low of $418.88 and a 12-month high of $618.95. The company has a market cap of $112.67 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The stock’s 50 day simple moving average is $468.12 and its 200 day simple moving average is $471.09.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The firm had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Equities research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin’s payout ratio is 57.02%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Morgan Stanley raised shares of Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price objective for the company in a report on Wednesday, April 16th. UBS Group increased their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 23rd. Wells Fargo & Company lowered their price objective on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Melius Research downgraded Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, Bank of America lowered Lockheed Martin from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price of $541.80.

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.