Thurston Springer Miller Herd & Titak Inc. Purchases 1,263 Shares of Lockheed Martin Co. (NYSE:LMT)

Thurston Springer Miller Herd & Titak Inc. increased its stake in Lockheed Martin Co. (NYSE:LMT) by 24.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,371 shares of the aerospace company’s stock after purchasing an additional 1,263 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Lockheed Martin were worth $2,846,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LMT. Millstone Evans Group LLC bought a new stake in Lockheed Martin during the fourth quarter worth approximately $32,000. Mizuho Securities Co. Ltd. bought a new stake in Lockheed Martin during the fourth quarter worth approximately $34,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter worth approximately $35,000. Redwood Park Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in Lockheed Martin during the fourth quarter worth approximately $42,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $482.55 on Thursday. The business has a fifty day simple moving average of $466.28 and a 200 day simple moving average of $473.17. 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 firm has a market capitalization 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 Co. has a one year low of $418.88 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its earnings results 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 business 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 101.47% and a net margin of 7.51%. Sell-side analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a dividend of $3.30 per share. The ex-dividend date is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.74%. Lockheed Martin’s dividend payout ratio is currently 57.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LMT shares. Melius cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Bank of America lowered 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 report on Monday, March 24th. Melius Research lowered Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Wells Fargo & Company cut their price target 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. Finally, UBS Group upped their price target on Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $541.80.

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.