Marshall Financial Group LLC Raises Stock Position in Lockheed Martin Co. (NYSE:LMT)

Marshall Financial Group LLC grew its stake in Lockheed Martin Co. (NYSE:LMT) by 8.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,586 shares of the aerospace company’s stock after purchasing an additional 521 shares during the quarter. Marshall Financial Group LLC’s holdings in Lockheed Martin were worth $2,942,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smithbridge Asset Management Inc. DE purchased a new stake in Lockheed Martin in the first quarter worth about $5,398,000. Verity & Verity LLC grew its holdings in shares of Lockheed Martin by 3.2% during the 1st quarter. Verity & Verity LLC now owns 33,705 shares of the aerospace company’s stock worth $15,056,000 after acquiring an additional 1,036 shares during the period. RMR Wealth Builders grew its holdings in shares of Lockheed Martin by 19.8% during the 1st quarter. RMR Wealth Builders now owns 3,743 shares of the aerospace company’s stock worth $1,672,000 after acquiring an additional 619 shares during the period. NorthCrest Asset Manangement LLC raised its position in shares of Lockheed Martin by 2.4% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 62,290 shares of the aerospace company’s stock worth $27,825,000 after acquiring an additional 1,435 shares in the last quarter. Finally, West Oak Capital LLC lifted its stake in shares of Lockheed Martin by 0.8% in the 1st quarter. West Oak Capital LLC now owns 4,935 shares of the aerospace company’s stock valued at $2,204,000 after purchasing an additional 40 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the topic of several recent research reports. Melius Research cut Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Baird R W upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 3rd. Jefferies Financial Group lowered their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a research report on Monday, April 28th. Finally, Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $541.80.

Lockheed Martin Stock Up 2.7%

Shares of Lockheed Martin stock opened at $468.96 on Friday. The company has a 50-day simple moving average of $469.84 and a two-hundred day simple moving average of $470.67. The stock has a market capitalization of $109.88 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. On average, analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin’s dividend payout ratio (DPR) is 57.02%.

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.