GPS Wealth Strategies Group LLC Purchases 454 Shares of Lockheed Martin Co. (NYSE:LMT)

GPS Wealth Strategies Group LLC boosted its position in Lockheed Martin Co. (NYSE:LMT) by 6.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,043 shares of the aerospace company’s stock after purchasing an additional 454 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Lockheed Martin were worth $3,146,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund raised its position in Lockheed Martin by 51.7% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company’s stock worth $4,630,000 after acquiring an additional 3,247 shares during the period. Aquatic Capital Management LLC bought a new position in Lockheed Martin in the 4th quarter worth $33,294,000. Private Advisor Group LLC raised its holdings in Lockheed Martin by 11.0% in the 4th quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company’s stock worth $24,906,000 after purchasing an additional 5,075 shares during the period. State of Wyoming grew its holdings in Lockheed Martin by 93.9% during the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company’s stock valued at $541,000 after purchasing an additional 539 shares during the period. Finally, Treasurer of the State of North Carolina raised its stake in shares of Lockheed Martin by 3.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company’s stock worth $49,893,000 after buying an additional 3,809 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 4.1%

Shares of NYSE LMT opened at $457.20 on Thursday. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95. The firm has a 50-day simple moving average of $469.07 and a two-hundred day simple moving average of $471.03. The company has a market cap of $107.12 billion, a P/E ratio of 20.54, a PEG ratio of 2.07 and a beta of 0.29. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

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

Lockheed Martin Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.89%. Lockheed Martin’s dividend payout ratio (DPR) is 57.02%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LMT shares. Bank of America cut shares of Lockheed Martin from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Royal Bank of Canada cut shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Robert W. Baird raised shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 price objective for the company in a report on Wednesday, April 23rd. Melius Research lowered Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, Jefferies Financial Group dropped their price target on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a research note on Monday, April 28th. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $541.80.

Lockheed Martin Company 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.