Greystone Financial Group LLC Grows Stake in Lockheed Martin Co. (NYSE:LMT)

Greystone Financial Group LLC grew its position in Lockheed Martin Co. (NYSE:LMT) by 1.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,447 shares of the aerospace company’s stock after buying an additional 422 shares during the quarter. Lockheed Martin accounts for 2.4% of Greystone Financial Group LLC’s holdings, making the stock its 12th largest holding. Greystone Financial Group LLC’s holdings in Lockheed Martin were worth $13,154,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LMT. LaFleur & Godfrey LLC lifted its position in shares of Lockheed Martin by 18.0% in the 4th quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company’s stock worth $562,000 after purchasing an additional 176 shares during the period. Eagle Capital Management LLC raised its stake in Lockheed Martin by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company’s stock worth $5,261,000 after buying an additional 32 shares in the last quarter. Brighton Jones LLC lifted its holdings in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after buying an additional 191 shares during the period. Hudson Portfolio Management LLC bought a new stake in Lockheed Martin during the 4th quarter valued at $256,000. Finally, Vest Financial LLC increased its holdings in shares of Lockheed Martin by 9.7% in the 4th quarter. Vest Financial LLC now owns 2,146 shares of the aerospace company’s stock valued at $1,043,000 after acquiring an additional 190 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT opened at $481.49 on Monday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The company’s fifty day moving average price is $467.56 and its 200-day moving average price is $471.52. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95. The firm has a market capitalization of $112.81 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion during the quarter, compared to analysts’ expectations of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, equities research analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be issued a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.74%. Lockheed Martin’s dividend payout ratio (DPR) is presently 57.02%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Melius downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Baird R W upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Royal Bank of Canada lowered shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Wells Fargo & Company decreased their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Finally, Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $541.80.

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.