Kesler Norman & Wride LLC Has $6.36 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Kesler Norman & Wride LLC trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.7% during the first quarter, HoldingsChannel.com reports. The firm owned 13,986 shares of the aerospace company’s stock after selling 102 shares during the period. Lockheed Martin makes up approximately 1.4% of Kesler Norman & Wride LLC’s portfolio, making the stock its 24th biggest holding. Kesler Norman & Wride LLC’s holdings in Lockheed Martin were worth $6,363,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in LMT. Alps Advisors Inc. boosted its stake in shares of Lockheed Martin by 11.2% during the third quarter. Alps Advisors Inc. now owns 17,698 shares of the aerospace company’s stock valued at $7,238,000 after purchasing an additional 1,785 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. raised its position in shares of Lockheed Martin by 2.0% during the third quarter. Eubel Brady & Suttman Asset Management Inc. now owns 40,254 shares of the aerospace company’s stock worth $16,462,000 after acquiring an additional 801 shares during the last quarter. LaSalle St. Investment Advisors LLC raised its position in shares of Lockheed Martin by 7.4% during the third quarter. LaSalle St. Investment Advisors LLC now owns 859 shares of the aerospace company’s stock worth $351,000 after acquiring an additional 59 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its position in shares of Lockheed Martin by 0.6% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 12,417 shares of the aerospace company’s stock worth $5,078,000 after acquiring an additional 75 shares during the last quarter. Finally, KPP Advisory Services LLC bought a new position in shares of Lockheed Martin during the third quarter worth about $371,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 0.1 %

Lockheed Martin stock traded up $0.33 during mid-day trading on Thursday, reaching $466.03. The stock had a trading volume of 313,283 shares, compared to its average volume of 1,041,486. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50. The stock’s 50-day simple moving average is $465.19 and its 200-day simple moving average is $450.76. The firm has a market capitalization of $111.82 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 4.38 and a beta of 0.46.

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

Lockheed Martin Announces Dividend

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 paid 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 2.70%. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of analyst reports. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Wells Fargo & Company raised their price objective on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. The Goldman Sachs Group lowered their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. Citigroup raised their price objective on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $485.40.

About Lockheed Martin

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.