Norwood Financial Corp Increases Holdings in Lockheed Martin Co. (NYSE:LMT)

Norwood Financial Corp grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 760 shares of the aerospace company’s stock after buying an additional 25 shares during the quarter. Norwood Financial Corp’s holdings in Lockheed Martin were worth $346,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in LMT. Altshuler Shaham Ltd purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at about $26,000. Activest Wealth Management raised its position in shares of Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after buying an additional 60 shares in the last quarter. Iron Horse Wealth Management LLC raised its position in shares of Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after buying an additional 77 shares in the last quarter. Thompson Investment Management Inc. purchased a new stake in shares of Lockheed Martin during the 1st quarter valued at about $38,000. Finally, TFC Financial Management Inc. raised 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 valued at $40,000 after buying an additional 60 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 0.0 %

LMT stock traded up $0.01 during mid-day trading on Friday, reaching $467.14. The company had a trading volume of 3,472,509 shares, compared to its average volume of 1,098,896. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The company has a market capitalization of $112.09 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 4.40 and a beta of 0.47. The firm has a 50 day moving average of $464.84 and a 200 day moving average of $450.35. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $479.50.

Lockheed Martin (NYSE:LMT) last released 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. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same period last year, the firm earned $6.43 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. On average, equities analysts predict that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.70%. Lockheed Martin’s dividend payout ratio is presently 46.10%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price target for the company from $475.00 to $518.00 in a report on Monday, April 15th. The Goldman Sachs Group cut their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Finally, Wells Fargo & Company upped their price target on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $485.40.

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.