Godsey & Gibb Inc. Has $158,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Godsey & Gibb Inc. trimmed its stake in Lockheed Martin Co. (NYSE:LMT) by 5.9% in the first quarter, HoldingsChannel.com reports. The firm owned 353 shares of the aerospace company’s stock after selling 22 shares during the period. Godsey & Gibb Inc.’s holdings in Lockheed Martin were worth $158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of LMT. LaFleur & Godfrey LLC increased its holdings in Lockheed Martin by 18.0% in the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company’s stock valued at $562,000 after purchasing an additional 176 shares during the period. Eagle Capital Management LLC grew its holdings in Lockheed Martin by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company’s stock worth $5,261,000 after acquiring an additional 32 shares during the period. Brighton Jones LLC grew its holdings in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares during the period. Hudson Portfolio Management LLC acquired a new stake in Lockheed Martin during the 4th quarter worth about $256,000. Finally, Meritage Portfolio Management grew its holdings in Lockheed Martin by 5.5% during the 4th quarter. Meritage Portfolio Management now owns 749 shares of the aerospace company’s stock worth $364,000 after acquiring an additional 39 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $481.49 on Friday. Lockheed Martin Co. has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The stock has a market cap of $112.81 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.07 and a beta of 0.29. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The firm’s 50-day simple moving average is $467.56 and its 200 day simple moving average is $472.45.

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

Lockheed Martin Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group increased 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. Royal Bank of Canada downgraded Lockheed Martin from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Wells Fargo & Company decreased 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. Bank of America downgraded Lockheed Martin from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Finally, Melius downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and an average 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.