Sunbelt Securities Inc. Has $1.67 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

Sunbelt Securities Inc. boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 13.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,672 shares of the aerospace company’s stock after purchasing an additional 422 shares during the period. Sunbelt Securities Inc.’s holdings in Lockheed Martin were worth $1,670,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Altshuler Shaham Ltd acquired a new stake in Lockheed Martin during the fourth quarter worth approximately $26,000. Activest Wealth Management increased its position in Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 60 shares during the period. Iron Horse Wealth Management LLC raised its stake in Lockheed Martin by 1,925.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 77 shares in the last quarter. Thompson Investment Management Inc. bought a new stake in Lockheed Martin in the 1st quarter valued at about $38,000. Finally, TFC Financial Management Inc. grew its position in shares of Lockheed Martin by 206.9% during the 4th quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 60 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Down 0.7 %

Shares of NYSE LMT traded down $3.51 during midday trading on Tuesday, reaching $468.00. The stock had a trading volume of 715,792 shares, compared to its average volume of 1,082,540. The company’s 50 day moving average price is $464.34 and its 200 day moving average price is $450.00. 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 twelve month low of $393.77 and a twelve month high of $479.50. The firm has a market cap of $112.29 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 4.40 and a beta of 0.48.

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

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be given a dividend of $3.15 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.69%. Lockheed Martin’s payout ratio is presently 46.10%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group reduced their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. UBS Group raised their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Citigroup lifted their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, 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 note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and an average target price 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.