Sandbox Financial Partners LLC Grows Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Sandbox Financial Partners LLC raised its stake in Lockheed Martin Co. (NYSE:LMT) by 47.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 656 shares of the aerospace company’s stock after buying an additional 212 shares during the period. Sandbox Financial Partners LLC’s holdings in Lockheed Martin were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Paralel Advisors LLC lifted its position in shares of Lockheed Martin by 1.1% in the 3rd quarter. Paralel Advisors LLC now owns 4,046 shares of the aerospace company’s stock worth $1,655,000 after purchasing an additional 45 shares during the period. Operose Advisors LLC lifted its position in shares of Lockheed Martin by 292.5% in the 3rd quarter. Operose Advisors LLC now owns 157 shares of the aerospace company’s stock worth $64,000 after purchasing an additional 117 shares during the period. MQS Management LLC lifted its position in shares of Lockheed Martin by 46.5% in the 3rd quarter. MQS Management LLC now owns 1,156 shares of the aerospace company’s stock worth $473,000 after purchasing an additional 367 shares during the period. Weik Capital Management lifted its position in shares of Lockheed Martin by 12.5% in the 3rd quarter. Weik Capital Management now owns 6,038 shares of the aerospace company’s stock worth $2,469,000 after purchasing an additional 670 shares during the period. Finally, Trexquant Investment LP lifted its position in shares of Lockheed Martin by 78.3% in the 3rd 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. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LMT shares. Wells Fargo & Company upped their price target on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. The Goldman Sachs Group cut their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $485.40.

Lockheed Martin Stock Up 0.2 %

Lockheed Martin stock traded up $0.93 during trading on Thursday, reaching $467.92. The stock had a trading volume of 281,987 shares, compared to its average volume of 1,074,808. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The business has a 50 day moving average price of $464.56 and a 200 day moving average price of $450.12. 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 cap of $112.27 billion, a PE ratio of 17.14, a P/E/G ratio of 4.41 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.53. The business had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.43 EPS. On average, analysts predict that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be issued a $3.15 dividend. The ex-dividend date is Monday, June 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.69%. Lockheed Martin’s payout ratio is 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.