Naples Global Advisors LLC Has $6.12 Million Position in Lockheed Martin Co. (NYSE:LMT)

Naples Global Advisors LLC lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 3.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 13,703 shares of the aerospace company’s stock after buying an additional 484 shares during the quarter. Naples Global Advisors LLC’s holdings in Lockheed Martin were worth $6,121,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of Lockheed Martin by 51.7% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company’s stock valued at $4,630,000 after buying an additional 3,247 shares during the period. Aquatic Capital Management LLC bought a new stake in Lockheed Martin in the 4th quarter valued at $33,294,000. Private Advisor Group LLC boosted its stake in Lockheed Martin by 11.0% in the 4th quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company’s stock worth $24,906,000 after purchasing an additional 5,075 shares during the period. State of Wyoming increased its holdings in Lockheed Martin by 93.9% during the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company’s stock worth $541,000 after purchasing an additional 539 shares in the last quarter. Finally, Confluence Wealth Services Inc. increased its holdings in Lockheed Martin by 174.0% during the 4th quarter. Confluence Wealth Services Inc. now owns 3,176 shares of the aerospace company’s stock worth $1,579,000 after purchasing an additional 2,017 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LMT. Royal Bank of Canada downgraded Lockheed Martin from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Melius lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Melius Research cut Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Jefferies Financial Group decreased their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a research note on Monday, April 28th. Finally, Bank of America downgraded shares of Lockheed Martin from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $685.00 to $485.00 in a report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average price target of $541.80.

Lockheed Martin Price Performance

Shares of LMT opened at $482.55 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The company’s fifty day simple moving average is $466.28 and its 200 day simple moving average is $473.17. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95. The company has a market cap of $113.06 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 2.07 and a beta of 0.29.

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

Lockheed Martin Dividend Announcement

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 dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin’s payout ratio is currently 57.02%.

Lockheed Martin 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.