Altrius Capital Management Inc Boosts Stock Position in Lockheed Martin Corporation (NYSE:LMT)

by · The Cerbat Gem

Altrius Capital Management Inc boosted its holdings in Lockheed Martin Corporation (NYSE:LMT – Free Report) by 13.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,059 shares of the aerospace company’s stock after buying an additional 1,177 shares during the quarter. Altrius Capital Management Inc’s holdings in Lockheed Martin were worth $4,494,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Buck Wealth Strategies LLC increased its holdings in Lockheed Martin by 23.4% in the first quarter. Buck Wealth Strategies LLC now owns 20,171 shares of the aerospace company’s stock valued at $9,011,000 after buying an additional 3,831 shares during the last quarter. Masso Torrence Wealth Management Inc. increased its holdings in Lockheed Martin by 8.6% in the first quarter. Masso Torrence Wealth Management Inc. now owns 1,337 shares of the aerospace company’s stock valued at $597,000 after buying an additional 106 shares during the last quarter. Intact Investment Management Inc. increased its holdings in Lockheed Martin by 131.6% in the first quarter. Intact Investment Management Inc. now owns 19,457 shares of the aerospace company’s stock valued at $8,692,000 after buying an additional 11,057 shares during the last quarter. First PREMIER Bank increased its holdings in Lockheed Martin by 1.3% in the first quarter. First PREMIER Bank now owns 2,113 shares of the aerospace company’s stock valued at $944,000 after buying an additional 28 shares during the last quarter. Finally, Garde Capital Inc. purchased a new position in Lockheed Martin in the first quarter valued at $55,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE LMT opened at $470.21 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95. The business’s 50-day moving average price is $471.63 and its 200 day moving average price is $468.25. The firm has a market cap of $110.17 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.64 and a beta of 0.29.

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

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be given 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 yield of 2.81%. Lockheed Martin’s payout ratio is currently 57.02%.

Analyst Upgrades and Downgrades

LMT has been the topic of several research reports. Robert W. Baird raised Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 price objective on the stock in a report on Wednesday, April 23rd. Bank of America cut Lockheed Martin from a “buy” rating to a “neutral” rating and cut their target price for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. UBS Group lifted their target price on Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 23rd. Wells Fargo & Company cut their target price on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group cut their target price on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $541.80.

Check Out Our Latest Research Report on LMT

Lockheed Martin Profile

(Free Report)

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.

Further Reading

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