Wills Financial Group LLC Takes $9.47 Million Position in Lockheed Martin Corporation (NYSE:LMT)

Key Points

• Wills Financial Group LLC has acquired a new position in Lockheed Martin Corporation, purchasing 21,203 shares valued at approximately $9.47 million, making Lockheed its 4th biggest position.
• Lockheed Martin's recent quarterly earnings showed an EPS of $7.29, exceeding analysts' estimates, while the company's revenue totaled $18.16 billion, slightly below expectations.
• The aerospace giant has announced a quarterly dividend of $3.30, reflecting a 3.1% dividend yield and a dividend payout ratio of 74.32%.

Wills Financial Group LLC acquired a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 21,203 shares of the aerospace company's stock, valued at approximately $9,471,000. Lockheed Martin makes up about 4.2% of Wills Financial Group LLC's investment portfolio, making the stock its 4th biggest position.

A number of other institutional investors have also recently made changes to their positions in LMT. GAMMA Investing LLC boosted 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 purchasing an additional 1,986,600 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at about $526,587,000. Leigh Baldwin & CO. LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at about $451,985,000. Capital Research Global Investors acquired a new position in shares of Lockheed Martin in the 4th quarter valued at about $229,987,000. Finally, Demars Financial Group LLC lifted its holdings in shares of Lockheed Martin by 47,002.5% in the 4th quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock valued at $210,579,000 after buying an additional 432,423 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Price Performance

NYSE:LMT opened at $420.97 on Monday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The stock has a 50 day moving average of $460.68 and a two-hundred day moving average of $460.50. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The firm has a market cap of $98.28 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 1.48 and a beta of 0.27.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The company had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same period in the previous year, the business earned $7.11 EPS. Lockheed Martin's quarterly revenue was up .2% on a year-over-year basis. On average, analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.1%. Lockheed Martin's dividend payout ratio is 74.32%.

Wall Street Analysts Forecast Growth

LMT has been the subject of several analyst reports. TD Cowen reissued a "hold" rating and issued a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a report on Wednesday, April 16th. Wall Street Zen cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Wells Fargo & Company cut 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. Finally, Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. Fifteen equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $506.65.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.