Clarius Group LLC Boosts Stake in Lockheed Martin Corporation (NYSE:LMT)

Clarius Group LLC lifted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 8.2% during the first quarter, Holdings Channel reports. The fund owned 1,896 shares of the aerospace company’s stock after purchasing an additional 144 shares during the quarter. Clarius Group LLC’s holdings in Lockheed Martin were worth $847,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Private Portfolio Partners LLC lifted its position in shares of Lockheed Martin by 4.8% during the 4th quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company’s stock worth $244,000 after purchasing an additional 23 shares during the last quarter. Tealwood Asset Management Inc. increased its position in Lockheed Martin by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company’s stock worth $2,559,000 after buying an additional 23 shares during the period. Southland Equity Partners LLC lifted its holdings in shares of Lockheed Martin by 3.1% during the first quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company’s stock worth $342,000 after buying an additional 23 shares during the last quarter. Invenio Wealth Partners LLC lifted its holdings in shares of Lockheed Martin by 6.2% during the fourth quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company’s stock worth $201,000 after buying an additional 24 shares during the last quarter. Finally, Pioneer Trust Bank N A OR boosted its position in shares of Lockheed Martin by 1.3% in the fourth quarter. Pioneer Trust Bank N A OR now owns 1,944 shares of the aerospace company’s stock valued at $945,000 after acquiring an additional 24 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 2.3%

LMT stock opened at $468.27 on Thursday. The business has a fifty day moving average price of $471.66 and a 200 day moving average price of $469.27. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The stock has a market capitalization of $109.72 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 1.67 and a beta of 0.29.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share 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 analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin’s dividend payout ratio is presently 57.02%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LMT shares. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Royal Bank Of Canada cut shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Bank of America cut shares of Lockheed Martin from a “buy” rating to a “neutral” rating and cut their price target for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Melius Research lowered Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, Wells Fargo & Company dropped their target price on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Nine 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $541.80.

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.