River Street Advisors LLC Raises Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

River Street Advisors LLC grew its position in Lockheed Martin Corporation (NYSE:LMT) by 19.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 771 shares of the aerospace company’s stock after acquiring an additional 126 shares during the quarter. River Street Advisors LLC’s holdings in Lockheed Martin were worth $344,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LMT. Private Portfolio Partners LLC increased its stake in shares of Lockheed Martin by 4.8% in the fourth quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company’s stock worth $244,000 after buying an additional 23 shares during the last quarter. Tealwood Asset Management Inc. grew its holdings in Lockheed Martin by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company’s stock worth $2,559,000 after acquiring an additional 23 shares in the last quarter. Southland Equity Partners LLC increased its position in shares of Lockheed Martin by 3.1% in the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company’s stock worth $342,000 after purchasing an additional 23 shares during the last quarter. Invenio Wealth Partners LLC raised its stake in shares of Lockheed Martin by 6.2% in the 4th quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company’s stock valued at $201,000 after purchasing an additional 24 shares in the last quarter. Finally, Pioneer Trust Bank N A OR lifted its position in shares of Lockheed Martin by 1.3% during the fourth quarter. Pioneer Trust Bank N A OR now owns 1,944 shares of the aerospace company’s stock worth $945,000 after purchasing an additional 24 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 2.3%

Shares of LMT stock opened at $468.27 on Friday. Lockheed Martin Corporation has a 1 year low of $418.88 and a 1 year high of $618.95. The firm has a market capitalization of $109.72 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.63 and a beta of 0.29. The stock has a fifty day moving average of $471.73 and a two-hundred day moving average of $468.91. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data 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. The business had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. As a group, research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared 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 2.82%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin’s dividend payout ratio is currently 57.02%.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research analyst reports. UBS Group boosted their price objective on Lockheed Martin from $481.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 23rd. Jefferies Financial Group decreased their target price on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a research report on Monday, April 28th. Wells Fargo & Company lowered their price target 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 cut Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, Baird R W upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 23rd. Nine investment 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $541.80.

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.