GFS Advisors LLC Invests $638,000 in Lockheed Martin Corporation $LMT

GFS Advisors LLC bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,278 shares of the aerospace company’s stock, valued at approximately $638,000.

A number of other large investors also recently added to or reduced their stakes in LMT. Barnes Dennig Private Wealth Management LLC boosted its position in Lockheed Martin by 285.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after buying an additional 40 shares during the period. Grey Fox Wealth Advisors LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at about $27,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Lockheed Martin during the 2nd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC bought a new position in Lockheed Martin during the 2nd quarter worth approximately $29,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in Lockheed Martin in the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 1.4%

Shares of LMT opened at $637.25 on Friday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $646.59. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. The firm’s 50-day moving average price is $541.42 and its 200-day moving average price is $492.08. The firm has a market capitalization of $146.62 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 1.14 and a beta of 0.23.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.Lockheed Martin’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $7.67 earnings per share. Sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 2nd will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, March 2nd. Lockheed Martin’s dividend payout ratio (DPR) is presently 64.22%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Royal Bank Of Canada increased their price objective on Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Morgan Stanley set a $675.00 price target on shares of Lockheed Martin in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lockheed Martin from $492.00 to $611.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 6th. Finally, Susquehanna reissued a “positive” rating and issued a $660.00 target price on shares of Lockheed Martin in a research note on Thursday, January 15th. Six equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $612.50.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.