Crestwood Advisors Group LLC increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 5.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,900 shares of the aerospace company’s stock after buying an additional 4,716 shares during the period. Lockheed Martin comprises approximately 2.0% of Crestwood Advisors Group LLC’s portfolio, making the stock its 17th largest position. Crestwood Advisors Group LLC’s holdings in Lockheed Martin were worth $27,885,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Advisors Preferred LLC acquired a new position in shares of Lockheed Martin in the 1st quarter worth approximately $26,000. Heritage Wealth Advisors lifted its position in shares of Lockheed Martin by 304.3% in the 1st quarter. Heritage Wealth Advisors now owns 93 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 70 shares during the period. Bremer Trust National Association acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $25,000. ERTS Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $26,000. Finally, Lake Point Wealth Management acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 78.06% of the company’s stock.
Several analysts have recently weighed in on LMT shares. Zacks Investment Research upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 price objective for the company in a research note on Thursday, April 25th. Barclays lifted their price objective on shares of Lockheed Martin from $340.00 to $370.00 and gave the company an “equal weight” rating in a research note on Thursday, May 16th. Cowen reiterated a “buy” rating and issued a $360.00 price objective on shares of Lockheed Martin in a research note on Wednesday, April 24th. Robert W. Baird lifted their price objective on shares of Lockheed Martin from $326.00 to $371.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, UBS Group lifted their price objective on shares of Lockheed Martin from $365.00 to $385.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $355.13.
NYSE:LMT opened at $345.51 on Thursday. The firm has a market capitalization of $97.20 billion, a PE ratio of 17.35, a P/E/G ratio of 2.39 and a beta of 0.96. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.17 and a quick ratio of 0.96. Lockheed Martin Co. has a twelve month low of $241.18 and a twelve month high of $358.63.
Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $5.99 EPS for the quarter, beating the Zacks’ consensus estimate of $4.29 by $1.70. The business had revenue of $14.34 billion during the quarter, compared to analyst estimates of $12.48 billion. Lockheed Martin had a net margin of 9.91% and a return on equity of 415.92%. Lockheed Martin’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.02 EPS. Analysts forecast that Lockheed Martin Co. will post 20.53 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be paid a dividend of $2.20 per share. The ex-dividend date is Friday, May 31st. This represents a $8.80 dividend on an annualized basis and a yield of 2.55%. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.30%.
In other Lockheed Martin news, Director David B. Burritt sold 2,100 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $330.21, for a total transaction of $693,441.00. Following the completion of the sale, the director now owns 6,030 shares in the company, valued at approximately $1,991,166.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.
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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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