GoalVest Advisory LLC Has $1.52 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

GoalVest Advisory LLC lifted its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 31.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,400 shares of the aerospace company's stock after acquiring an additional 823 shares during the period. GoalVest Advisory LLC's holdings in Lockheed Martin were worth $1,519,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LMT. GAMMA Investing LLC boosted its position in Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after acquiring an additional 1,986,600 shares during the period. Proficio Capital Partners LLC grew its position in Lockheed Martin by 53,784.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock valued at $600,412,000 after purchasing an additional 1,233,275 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Lockheed Martin by 17.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock valued at $3,630,492,000 after buying an additional 1,132,461 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in Lockheed Martin in the 4th quarter worth approximately $526,587,000. Finally, Leigh Baldwin & CO. LLC purchased a new stake in Lockheed Martin in the 4th quarter worth approximately $451,985,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Lockheed Martin stock traded up $7.61 on Friday, hitting $481.30. The company's stock had a trading volume of 2,195,058 shares, compared to its average volume of 1,299,215. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The firm has a market cap of $112.77 billion, a P/E ratio of 21.62, a price-to-earnings-growth 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 company has a fifty day moving average price of $464.02 and a 200-day moving average price of $474.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. The business had revenue of $17.96 billion for 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%. On average, equities analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.74%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LMT shares. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target on the stock in a research note on Wednesday, April 23rd. Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Royal Bank of Canada downgraded Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Company 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.