Woodmont Investment Counsel LLC Buys 1,022 Shares of Lockheed Martin Co. (NYSE:LMT)

Woodmont Investment Counsel LLC boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 5.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 19,728 shares of the aerospace company’s stock after buying an additional 1,022 shares during the period. Woodmont Investment Counsel LLC’s holdings in Lockheed Martin were worth $8,974,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of LMT. Synergy Asset Management LLC boosted its holdings in shares of Lockheed Martin by 19.9% in the 1st quarter. Synergy Asset Management LLC now owns 14,466 shares of the aerospace company’s stock worth $6,580,000 after purchasing an additional 2,405 shares during the period. Cullinan Associates Inc. increased its holdings in Lockheed Martin by 2.0% during the 1st quarter. Cullinan Associates Inc. now owns 27,811 shares of the aerospace company’s stock worth $12,650,000 after purchasing an additional 539 shares during the period. Allspring Global Investments Holdings LLC raised its position in Lockheed Martin by 17.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 193,600 shares of the aerospace company’s stock valued at $88,063,000 after purchasing an additional 28,697 shares in the last quarter. Eagle Capital Management LLC lifted its holdings in shares of Lockheed Martin by 1.0% in the 1st quarter. Eagle Capital Management LLC now owns 10,838 shares of the aerospace company’s stock worth $4,930,000 after buying an additional 106 shares during the period. Finally, Claro Advisors LLC grew its position in shares of Lockheed Martin by 4.6% during the 1st quarter. Claro Advisors LLC now owns 3,858 shares of the aerospace company’s stock worth $1,755,000 after buying an additional 168 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on LMT shares. Citigroup raised their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $475.00 to $518.00 in a report on Monday, April 15th. Wells Fargo & Company raised their price objective on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. The Goldman Sachs Group decreased their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. Finally, StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Stock Performance

Shares of LMT traded down $1.22 during mid-day trading on Tuesday, reaching $465.22. The company had a trading volume of 230,676 shares, compared to its average volume of 1,087,748. The stock has a market capitalization of $111.62 billion, a P/E ratio of 17.04, a PEG ratio of 4.40 and a beta of 0.46. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The stock has a 50 day moving average of $464.84 and a two-hundred day moving average of $450.33. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. The business had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.43 EPS. On average, analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a $3.15 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.71%. Lockheed Martin’s payout ratio is 46.10%.

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.