Gibson Capital LLC Invests $285,000 in Lockheed Martin Co. (NYSE:LMT)

Gibson Capital LLC acquired a new position in shares of Lockheed Martin Co. (NYSE:LMT) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 638 shares of the aerospace company’s stock, valued at approximately $285,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Lockheed Martin by 41,104.9% during the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company’s stock worth $889,593,000 after buying an additional 1,986,600 shares in the last quarter. Proficio Capital Partners LLC boosted its position in Lockheed Martin by 53,784.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company’s stock worth $600,412,000 after acquiring an additional 1,233,275 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Lockheed Martin by 17.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company’s stock worth $3,630,492,000 after acquiring an additional 1,132,461 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Lockheed Martin in the 4th quarter valued at $526,587,000. Finally, Leigh Baldwin & CO. LLC purchased a new position in shares of Lockheed Martin during the 4th quarter worth $451,985,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LMT shares. Royal Bank of Canada downgraded Lockheed Martin from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Melius Research downgraded shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Melius cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Baird R W upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Finally, Bank of America downgraded shares of Lockheed Martin from a “buy” rating to a “neutral” rating and cut their price target for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $541.80.

Lockheed Martin Stock Down 0.2%

Shares of Lockheed Martin stock opened at $480.88 on Tuesday. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95. The stock has a market cap of $112.67 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The company has a fifty day moving average price of $468.12 and a 200 day moving average price of $471.09.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts’ consensus estimates 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. Equities research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business 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. This represents a $13.20 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Monday, June 2nd. Lockheed Martin’s dividend payout ratio is presently 57.02%.

Lockheed Martin 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.