Veracity Capital LLC Grows Position in Lockheed Martin Co. (NYSE:LMT)

Veracity Capital LLC lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 4.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,691 shares of the aerospace company’s stock after buying an additional 111 shares during the quarter. Veracity Capital LLC’s holdings in Lockheed Martin were worth $1,224,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of LMT. Altshuler Shaham Ltd purchased a new stake in Lockheed Martin during the fourth quarter valued at $26,000. Activest Wealth Management raised its stake in Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares in the last quarter. Iron Horse Wealth Management LLC raised its stake in Lockheed Martin by 1,925.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 77 shares in the last quarter. Thompson Investment Management Inc. purchased a new stake in Lockheed Martin during the first quarter valued at $38,000. Finally, TFC Financial Management Inc. raised its stake in Lockheed Martin by 206.9% during the fourth quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.1 %

Shares of NYSE LMT traded up $0.33 during mid-day trading on Thursday, reaching $466.03. The company had a trading volume of 313,283 shares, compared to its average volume of 1,041,486. The business’s 50-day moving average is $465.19 and its 200-day moving average is $450.76. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The stock has a market cap of $111.82 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 4.38 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.

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

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LMT. 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 research note on Thursday, April 25th. UBS Group boosted their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research 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 boosted their price objective 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. Finally, JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $475.00 to $518.00 in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.