NorthCrest Asset Manangement LLC Raises Holdings in Lockheed Martin Co. (NYSE:LMT)

NorthCrest Asset Manangement LLC raised its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 2.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,290 shares of the aerospace company's stock after buying an additional 1,435 shares during the quarter. Lockheed Martin comprises 0.8% of NorthCrest Asset Manangement LLC's portfolio, making the stock its 28th biggest holding. NorthCrest Asset Manangement LLC's holdings in Lockheed Martin were worth $27,825,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LMT. LaFleur & Godfrey LLC boosted its holdings in shares of Lockheed Martin by 18.0% in the 4th quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock worth $562,000 after purchasing an additional 176 shares during the period. Eagle Capital Management LLC lifted its stake in shares of Lockheed Martin by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after acquiring an additional 32 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after acquiring an additional 191 shares during the last quarter. Hudson Portfolio Management LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $256,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $147,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Lockheed Martin stock traded up $16.48 during trading hours on Friday, hitting $485.75. 2,714,812 shares of the stock traded hands, compared to its average volume of 1,324,545. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The firm's 50 day moving average price is $470.72 and its 200-day moving average price is $470.04. The stock has a market capitalization of $113.81 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating the consensus estimate of $6.34 by $0.94. The business had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, equities analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.72%. Lockheed Martin's payout ratio is 57.02%.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research analyst reports. Wells Fargo & Company decreased 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. Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price for the company in a research report on Wednesday, April 16th. UBS Group lifted their target price on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. Finally, Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a research report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Lockheed Martin presently has an average rating of "Moderate Buy" and a consensus price target 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.