Aviance Capital Partners LLC Grows Position in Lockheed Martin Co. (NYSE:LMT)

Aviance Capital Partners LLC increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 47.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,495 shares of the aerospace company’s stock after buying an additional 4,975 shares during the period. Lockheed Martin comprises about 1.0% of Aviance Capital Partners LLC’s portfolio, making the stock its 19th biggest position. Aviance Capital Partners LLC’s holdings in Lockheed Martin were worth $7,048,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LMT. Norris Perne & French LLP MI boosted its holdings in Lockheed Martin by 2.8% in the fourth quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock valued at $410,000 after purchasing an additional 25 shares in the last quarter. Genesee Capital Advisors LLC boosted its holdings in Lockheed Martin by 2.8% in the fourth quarter. Genesee Capital Advisors LLC now owns 923 shares of the aerospace company’s stock valued at $419,000 after purchasing an additional 25 shares in the last quarter. Hunter Associates Investment Management LLC boosted its holdings in Lockheed Martin by 1.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock valued at $912,000 after purchasing an additional 25 shares in the last quarter. Missouri Trust & Investment Co boosted its holdings in Lockheed Martin by 19.8% in the fourth quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock valued at $68,000 after purchasing an additional 25 shares in the last quarter. Finally, Rowlandmiller & PARTNERS.ADV boosted its holdings in Lockheed Martin by 7.1% in the first quarter. Rowlandmiller & PARTNERS.ADV now owns 377 shares of the aerospace company’s stock valued at $171,000 after purchasing an additional 25 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LMT shares. The Goldman Sachs Group lowered their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday, April 23rd. Wells Fargo & Company increased their price objective on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Citigroup increased their price objective on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $475.00 to $518.00 in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $485.40.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded up $3.24 during mid-day trading on Monday, hitting $470.34. 66,152 shares of the company were exchanged, compared to its average volume of 1,090,634. 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 stock has a 50 day simple moving average of $464.84 and a 200-day simple moving average of $450.33. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. The firm has a market cap of $112.85 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 4.40 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.53. The firm had revenue of $17.20 billion during 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 company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the company earned $6.43 earnings per share. On average, sell-side analysts forecast that Lockheed Martin Co. will post 26.17 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be given a $3.15 dividend. This represents a $12.60 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s payout ratio is 46.10%.

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.