G&S Capital LLC Acquires New Holdings in Lockheed Martin Corporation (NYSE:LMT)

G&S Capital LLC bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 864 shares of the aerospace company's stock, valued at approximately $386,000.

A number of other institutional investors have also made changes to their positions in the business. Millstone Evans Group LLC bought a new position in Lockheed Martin during the fourth quarter worth $32,000. Mizuho Securities Co. Ltd. bought a new position in shares of Lockheed Martin in the fourth quarter valued at about $34,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth about $35,000. Redwood Park Advisors LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Lockheed Martin during the 4th quarter worth about $42,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on LMT shares. UBS Group increased their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. Bank of America lowered Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Wells Fargo & Company reduced their price target on 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. Jefferies Financial Group decreased their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Finally, Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin presently has an average rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Price Performance

Shares of LMT stock traded up $4.84 on Monday, hitting $463.43. 1,203,203 shares of the company's stock were exchanged, compared to its average volume of 1,347,979. The company has a 50 day moving average of $470.80 and a 200 day moving average of $466.31. The stock has a market cap of $108.58 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 1.60 and a beta of 0.29. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. Lockheed Martin Corporation has a 12 month low of $418.88 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. On average, equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.85%. Lockheed Martin's dividend payout ratio is currently 57.02%.

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.