Lockheed Martin Co. (NYSE:LMT) Position Boosted by Southland Equity Partners LLC

Southland Equity Partners LLC increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 766 shares of the aerospace company’s stock after buying an additional 23 shares during the quarter. Southland Equity Partners LLC’s holdings in Lockheed Martin were worth $342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LMT. LaFleur & Godfrey LLC grew its holdings in Lockheed Martin by 18.0% in the 4th quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company’s stock worth $562,000 after buying an additional 176 shares in the last quarter. Eagle Capital Management LLC boosted its stake in Lockheed Martin by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company’s stock valued at $5,261,000 after purchasing an additional 32 shares in the last quarter. Brighton Jones LLC boosted its stake in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares in the last quarter. Hudson Portfolio Management LLC bought a new position in Lockheed Martin during the 4th quarter valued at $256,000. Finally, Consolidated Planning Corp boosted its stake in Lockheed Martin by 5.3% during the 4th quarter. Consolidated Planning Corp now owns 613 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 31 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley raised Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price target for the company in a research note on Wednesday, April 16th. Melius lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Bank of America lowered Lockheed Martin from a “buy” rating to a “neutral” rating and decreased their price target for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Baird R W raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company decreased their price target on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $541.80.

Lockheed Martin Stock Performance

LMT opened at $485.75 on Friday. The firm has a market cap of $113.81 billion, a PE ratio of 21.82, a P/E/G ratio of 2.07 and a beta of 0.29. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The business has a fifty day simple moving average of $470.72 and a 200-day simple moving average of $470.42. Lockheed Martin Co. has a fifty-two week low of $418.88 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.34 by $0.94. The company 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%. As a group, equities analysts predict 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. Stockholders of record on Monday, June 2nd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.72%. Lockheed Martin’s payout ratio is currently 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.