ARS Wealth Advisors Group LLC Has $6.77 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

ARS Wealth Advisors Group LLC boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,161 shares of the aerospace company’s stock after buying an additional 139 shares during the period. ARS Wealth Advisors Group LLC’s holdings in Lockheed Martin were worth $6,773,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of LMT. Millstone Evans Group LLC bought a new position in shares of Lockheed Martin during the 4th quarter worth approximately $32,000. Mizuho Securities Co. Ltd. bought a new position in shares of Lockheed Martin during the 4th quarter worth approximately $34,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin during the 4th quarter worth approximately $35,000. Redwood Park Advisors LLC bought a new position in shares of Lockheed Martin during the 4th quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of Lockheed Martin during the 4th quarter worth approximately $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LMT. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 3rd. Melius cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Wells Fargo & Company decreased their price target on shares of 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. Morgan Stanley raised shares of 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. Finally, Royal Bank of Canada cut shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. 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. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and an average price target of $541.80.

Lockheed Martin Trading Up 0.7%

Shares of Lockheed Martin stock opened at $481.49 on Friday. The business has a fifty day simple moving average of $467.56 and a two-hundred day simple moving average of $472.01. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95. The company has a market capitalization of $112.81 billion, a price-to-earnings ratio of 21.63, a P/E/G 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 announced 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 analysts’ expectations of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend 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 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.