Marino Stram & Associates LLC Has $2.98 Million Position in Lockheed Martin Corporation (NYSE:LMT)

Marino Stram & Associates LLC cut its holdings in Lockheed Martin Corporation (NYSE:LMT) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,672 shares of the aerospace company’s stock after selling 53 shares during the quarter. Lockheed Martin comprises 0.7% of Marino Stram & Associates LLC’s portfolio, making the stock its 26th largest position. Marino Stram & Associates LLC’s holdings in Lockheed Martin were worth $2,980,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. LaFleur & Godfrey LLC grew its holdings in Lockheed Martin by 18.0% during 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 raised its holdings in Lockheed Martin by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company’s stock worth $5,261,000 after purchasing an additional 32 shares during the period. Brighton Jones LLC boosted its position in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Hudson Portfolio Management LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $256,000. Finally, Vontobel Holding Ltd. grew its holdings in shares of Lockheed Martin by 95.0% in the 4th quarter. Vontobel Holding Ltd. now owns 3,702 shares of the aerospace company’s stock valued at $1,799,000 after buying an additional 1,804 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LMT shares. Baird R W upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Jefferies Financial Group dropped their price target on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. Melius Research lowered Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Finally, Morgan Stanley upgraded shares of Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price target for the company in a report on Wednesday, April 16th. Nine equities research 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. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price of $541.80.

Lockheed Martin Price Performance

NYSE LMT opened at $478.91 on Wednesday. The firm’s 50 day moving average is $471.55 and its 200-day moving average is $469.28. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. The company has a market capitalization of $112.21 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.63 and a beta of 0.29. Lockheed Martin Corporation has a 12-month low of $418.88 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The firm had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share 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. 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 annualized dividend and a yield of 2.76%. Lockheed Martin’s payout ratio is presently 57.02%.

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.