Exeter Financial LLC Raises Holdings in Lockheed Martin Co. (NYSE:LMT)

Exeter Financial LLC boosted its position in Lockheed Martin Co. (NYSE:LMT) by 4.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,356 shares of the aerospace company’s stock after acquiring an additional 184 shares during the period. Exeter Financial LLC’s holdings in Lockheed Martin were worth $1,978,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Paralel Advisors LLC grew its holdings in Lockheed Martin by 1.1% during the 3rd quarter. Paralel Advisors LLC now owns 4,046 shares of the aerospace company’s stock valued at $1,655,000 after buying an additional 45 shares in the last quarter. Operose Advisors LLC increased its holdings in Lockheed Martin by 292.5% during the 3rd quarter. Operose Advisors LLC now owns 157 shares of the aerospace company’s stock worth $64,000 after acquiring an additional 117 shares during the period. MQS Management LLC boosted its holdings in Lockheed Martin by 46.5% in the 3rd quarter. MQS Management LLC now owns 1,156 shares of the aerospace company’s stock valued at $473,000 after purchasing an additional 367 shares during the period. Weik Capital Management grew its position in shares of Lockheed Martin by 12.5% during the 3rd quarter. Weik Capital Management now owns 6,038 shares of the aerospace company’s stock valued at $2,469,000 after purchasing an additional 670 shares in the last quarter. Finally, Trexquant Investment LP increased its holdings in shares of Lockheed Martin by 78.3% in the third quarter. Trexquant Investment LP now owns 48,784 shares of the aerospace company’s stock worth $19,951,000 after purchasing an additional 21,421 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on LMT shares. Citigroup raised their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. The Goldman Sachs Group dropped their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Finally, UBS Group lifted their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $485.40.

Lockheed Martin Trading Up 0.0 %

Shares of NYSE:LMT traded up $0.13 during midday trading on Thursday, hitting $467.12. 358,985 shares of the stock traded hands, compared to its average volume of 1,075,434. 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 stock has a market capitalization of $112.08 billion, a PE ratio of 17.14, a P/E/G ratio of 4.41 and a beta of 0.47. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The business’s 50 day moving average is $464.56 and its two-hundred day moving average is $450.12.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. During the same quarter in the prior year, the company posted $6.43 EPS. Lockheed Martin’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, research analysts forecast that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Monday, June 3rd. Lockheed Martin’s payout ratio is currently 46.10%.

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.