Norman Fields Gottscho Capital Management LLC Grows Position in Lockheed Martin Co. (NYSE:LMT)

Norman Fields Gottscho Capital Management LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMTFree Report) by 134.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 7,724 shares of the aerospace company’s stock after acquiring an additional 4,428 shares during the period. Lockheed Martin makes up 1.3% of Norman Fields Gottscho Capital Management LLC’s portfolio, making the stock its 19th largest holding. Norman Fields Gottscho Capital Management LLC’s holdings in Lockheed Martin were worth $3,513,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norris Perne & French LLP MI raised its position in shares of Lockheed Martin by 2.8% in the 4th quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock worth $410,000 after acquiring an additional 25 shares in the last quarter. Genesee Capital Advisors LLC lifted its position in shares of Lockheed Martin by 2.8% during the fourth quarter. Genesee Capital Advisors LLC now owns 923 shares of the aerospace company’s stock valued at $419,000 after buying an additional 25 shares during the last quarter. Hunter Associates Investment Management LLC boosted its holdings in shares of Lockheed Martin by 1.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock valued at $912,000 after buying an additional 25 shares in the last quarter. Missouri Trust & Investment Co grew its position in shares of Lockheed Martin by 19.8% in the 4th quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock worth $68,000 after buying an additional 25 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Lockheed Martin by 1.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,694 shares of the aerospace company’s stock worth $693,000 after acquiring an additional 26 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded up $0.99 on Wednesday, reaching $460.00. 658,084 shares of the stock were exchanged, compared to its average volume of 862,256. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The business has a 50 day moving average price of $462.93 and a two-hundred day moving average price of $449.35. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $110.37 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 4.32 and a beta of 0.47.

Lockheed Martin (NYSE:LMTGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. The business had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business posted $6.43 EPS. Analysts anticipate that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be given a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Monday, June 3rd. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Analyst Ratings Changes

Several equities research analysts have weighed in on LMT shares. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft boosted their target price on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Wells Fargo & Company upped their target price on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. UBS Group raised their price target on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Citigroup upped their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin has an average rating of “Hold” and an average target price of $485.40.

View Our Latest Report on LMT

Lockheed Martin Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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