McKinley Carter Wealth Services Inc. Acquires 30 Shares of Lockheed Martin Co. (NYSE:LMT)

McKinley Carter Wealth Services Inc. grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,682 shares of the aerospace company’s stock after acquiring an additional 30 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Lockheed Martin were worth $2,985,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Kentucky Retirement Systems Insurance Trust Fund grew its stake in Lockheed Martin by 51.7% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company’s stock worth $4,630,000 after buying an additional 3,247 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth $33,294,000. Private Advisor Group LLC grew its position in Lockheed Martin by 11.0% in the fourth quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company’s stock worth $24,906,000 after acquiring an additional 5,075 shares in the last quarter. State of Wyoming increased its stake in Lockheed Martin by 93.9% in the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company’s stock valued at $541,000 after acquiring an additional 539 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in Lockheed Martin by 3.9% during the fourth quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company’s stock valued at $49,893,000 after purchasing an additional 3,809 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LMT. Baird R W upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Melius Research lowered Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Jefferies Financial Group reduced their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Finally, Bank of America cut shares of Lockheed Martin from a “buy” rating to a “neutral” rating and cut their price objective for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $541.80.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $476.92 on Wednesday. The company’s fifty day simple moving average is $468.58 and its two-hundred day simple moving average is $471.13. Lockheed Martin Co. has a 12-month low of $418.88 and a 12-month high of $618.95. The firm has a market cap of $111.74 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

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

Lockheed Martin Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.77%. Lockheed Martin’s dividend payout ratio is presently 57.02%.

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.