Beese Fulmer Investment Management Inc. Grows Stock Position in Lockheed Martin Co. (NYSE:LMT)

Beese Fulmer Investment Management Inc. boosted its position in Lockheed Martin Co. (NYSE:LMT) by 3.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,202 shares of the aerospace company’s stock after buying an additional 45 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Lockheed Martin were worth $537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. PBMares Wealth Management LLC grew its position in Lockheed Martin by 0.6% during the fourth quarter. PBMares Wealth Management LLC now owns 3,745 shares of the aerospace company’s stock worth $1,820,000 after buying an additional 22 shares in the last quarter. Nvwm LLC grew its position in Lockheed Martin by 2.5% during the fourth quarter. Nvwm LLC now owns 908 shares of the aerospace company’s stock worth $441,000 after buying an additional 22 shares in the last quarter. Schear Investment Advisers LLC grew its position in Lockheed Martin by 2.0% during the fourth quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company’s stock worth $557,000 after buying an additional 22 shares in the last quarter. SYM FINANCIAL Corp grew its position in Lockheed Martin by 5.6% during the fourth quarter. SYM FINANCIAL Corp now owns 434 shares of the aerospace company’s stock worth $211,000 after buying an additional 23 shares in the last quarter. Finally, Leisure Capital Management grew its position in Lockheed Martin by 0.8% during the fourth quarter. Leisure Capital Management now owns 2,970 shares of the aerospace company’s stock worth $1,443,000 after buying an additional 23 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Robert W. Baird upgraded Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 target price for the company in a research report on Wednesday, April 23rd. Melius cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Morgan Stanley upgraded 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. Wells Fargo & Company cut 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. Finally, Melius Research cut Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Nine investment 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’s stock. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus price target of $541.80.

Lockheed Martin Trading Up 1.6%

NYSE LMT opened at $481.30 on Friday. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95. 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 has a 50-day moving average of $464.02 and a 200-day moving average of $473.91. The firm has a market cap of $112.77 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating analysts’ consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The company had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

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