Vest Financial LLC Buys 1,462 Shares of Lockheed Martin Co. (NYSE:LMT)

Vest Financial LLC boosted its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 68.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,608 shares of the aerospace company's stock after buying an additional 1,462 shares during the quarter. Vest Financial LLC's holdings in Lockheed Martin were worth $1,612,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Millstone Evans Group LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $32,000. Mizuho Securities Co. Ltd. purchased a new position in Lockheed Martin in the fourth quarter worth $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the 4th quarter valued at $35,000. Redwood Park Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at $40,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Lockheed Martin during the 4th quarter worth $42,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Up 0.7%

Shares of Lockheed Martin stock opened at $481.49 on Friday. The company's 50-day moving average price is $467.56 and its 200-day moving average price is $472.01. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 12-month low of $418.88 and a 12-month high of $618.95. The company has a market cap of $112.81 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.07 and a beta of 0.29.

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 (EPS) for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The business had revenue of $17.96 billion for the quarter, compared to analysts' expectations of $17.83 billion. On average, equities analysts expect that Lockheed Martin Co. will post 27.15 earnings per share 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. Stockholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.74%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LMT shares. Wall Street Zen lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Jefferies Financial Group lowered their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $550.00 to $480.00 in a report on Thursday, March 27th. 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. Finally, Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. 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 stock. According to MarketBeat.com, Lockheed Martin presently has an average rating of "Moderate Buy" and a consensus price target 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.

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