Gulf International Bank UK Ltd Acquires 88 Shares of Lockheed Martin Co. (NYSE:LMT)

Gulf International Bank UK Ltd lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 6.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,439 shares of the aerospace company’s stock after buying an additional 88 shares during the period. Gulf International Bank UK Ltd’s holdings in Lockheed Martin were worth $654,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Altshuler Shaham Ltd bought a new position in Lockheed Martin during the fourth quarter valued at $26,000. Activest Wealth Management grew its holdings in Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares during the last quarter. Iron Horse Wealth Management LLC raised its position in Lockheed Martin by 1,925.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 77 shares during the period. TFC Financial Management Inc. raised its position in Lockheed Martin by 206.9% in the 4th quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 60 shares during the period. Finally, Criterion Capital Advisors LLC bought a new stake in Lockheed Martin in the fourth quarter worth about $41,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $467.60 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $112.20 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 4.39 and a beta of 0.47. The firm has a 50 day moving average of $463.71 and a 200 day moving average of $449.69. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $479.50.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the company earned $6.43 earnings per share. On average, sell-side analysts predict that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a dividend of $3.15 per share. The ex-dividend date is Monday, June 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.69%. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. The Goldman Sachs Group cut their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. Wells Fargo & Company lifted their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Finally, Citigroup upped their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $485.40.

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.