Stockman Wealth Management Inc. Boosts Holdings in Lockheed Martin Co. (NYSE:LMT)

Stockman Wealth Management Inc. grew its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 11.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,609 shares of the aerospace company's stock after purchasing an additional 2,127 shares during the quarter. Stockman Wealth Management Inc.'s holdings in Lockheed Martin were worth $9,206,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Lockheed Martin by 41,104.9% in 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 in the last quarter. Proficio Capital Partners LLC grew its position in Lockheed Martin by 53,784.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock worth $600,412,000 after purchasing an additional 1,233,275 shares during the period. Charles Schwab Investment Management Inc. raised its position in Lockheed Martin by 17.9% during the fourth 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 acquiring an additional 1,132,461 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of Lockheed Martin during the 4th quarter valued at approximately $526,587,000. Finally, Leigh Baldwin & CO. LLC acquired a new position in shares of Lockheed Martin in the fourth quarter worth about $451,985,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Down 4.0%

NYSE LMT traded down $19.54 during trading on Monday, reaching $466.91. 2,743,415 shares of the company's stock were exchanged, compared to its average volume of 1,330,241. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95. The stock has a market cap of $109.39 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The company has a 50 day moving average price of $470.72 and a two-hundred day moving average price of $469.65.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly 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 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 7.51% and a return on equity of 101.47%. On average, equities research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's dividend payout ratio is currently 57.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LMT. Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target on the stock in a report on Wednesday, April 16th. UBS Group upped their price objective on 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 shares of 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. Finally, Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Nine equities 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $541.80.

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.