Hi Line Capital Management LLC Acquires 274 Shares of Lockheed Martin Corporation (NYSE:LMT)

Hi Line Capital Management LLC lifted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 13,165 shares of the aerospace company’s stock after purchasing an additional 274 shares during the period. Lockheed Martin accounts for about 2.2% of Hi Line Capital Management LLC’s portfolio, making the stock its 18th largest position. Hi Line Capital Management LLC’s holdings in Lockheed Martin were worth $5,881,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Private Portfolio Partners LLC increased its position in Lockheed Martin by 4.8% in the 4th quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company’s stock valued at $244,000 after acquiring an additional 23 shares in the last quarter. Tealwood Asset Management Inc. grew its stake in shares of Lockheed Martin by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company’s stock valued at $2,559,000 after purchasing an additional 23 shares during the last quarter. Southland Equity Partners LLC increased its holdings in shares of Lockheed Martin by 3.1% in the first quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company’s stock valued at $342,000 after purchasing an additional 23 shares in the last quarter. Invenio Wealth Partners LLC raised its position in Lockheed Martin by 6.2% in the 4th quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 24 shares during the last quarter. Finally, Pioneer Trust Bank N A OR raised its position in Lockheed Martin by 1.3% in the 4th quarter. Pioneer Trust Bank N A OR now owns 1,944 shares of the aerospace company’s stock worth $945,000 after purchasing an additional 24 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 0.3%

Shares of NYSE LMT opened at $472.16 on Tuesday. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. The stock has a market cap of $110.63 billion, a P/E ratio of 20.40, a P/E/G ratio of 1.64 and a beta of 0.29. The firm has a 50 day moving average price of $471.56 and a 200 day moving average price of $467.62.

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, topping analysts’ consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The company had revenue of $17.96 billion for the quarter, compared to analysts’ expectations of $17.83 billion. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be issued a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.80%. Lockheed Martin’s dividend payout ratio (DPR) is currently 57.02%.

Wall Street Analyst Weigh In

LMT has been the topic of a number of recent research reports. Melius lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Jefferies Financial Group cut their price target on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company lowered their price objective on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Royal Bank Of Canada cut Lockheed Martin from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Finally, Morgan Stanley upgraded shares of Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 target price on the stock in a research report on Wednesday, April 16th. Nine equities research 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 company’s stock. According to data from MarketBeat, Lockheed Martin presently has a consensus 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.