GW Henssler & Associates Ltd. Increases Stock Holdings in Lockheed Martin Co. (NYSE:LMT)


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GW Henssler & Associates Ltd. lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 11.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,808 shares of the aerospace company’s stock after buying an additional 5,337 shares during the period. Lockheed Martin comprises about 1.4% of GW Henssler & Associates Ltd.’s holdings, making the stock its 27th largest position. GW Henssler & Associates Ltd.’s holdings in Lockheed Martin were worth $19,143,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Veritas Investment Partners UK Ltd. purchased a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $26,000. Key Financial Inc bought a new stake in Lockheed Martin during the fourth quarter worth $26,000. TRU Independence Asset Management 2 LLC bought a new stake in Lockheed Martin during the fourth quarter worth $29,000. Encompass Wealth Advisors LLC bought a new stake in shares of Lockheed Martin in the fourth quarter valued at $29,000. Finally, ForthRight Wealth Management LLC bought a new stake in shares of Lockheed Martin in the fourth quarter valued at $35,000. 77.00% of the stock is currently owned by institutional investors.

In other news, COO John Frank A. St sold 6,855 shares of the firm’s stock in a transaction on Monday, April 26th. The stock was sold at an average price of $371.95, for a total value of $2,549,717.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Maryanne Lavan sold 5,406 shares of the firm’s stock in a transaction on Thursday, April 22nd. The stock was sold at an average price of $383.84, for a total value of $2,075,039.04. Over the last quarter, insiders have sold 15,707 shares of company stock worth $5,925,208. Company insiders own 0.17% of the company’s stock.

A number of equities analysts have recently issued reports on LMT shares. Credit Suisse Group cut their price objective on Lockheed Martin from $351.00 to $334.00 in a report on Wednesday, January 27th. Morgan Stanley boosted their target price on Lockheed Martin from $445.00 to $458.00 and gave the company an “overweight” rating in a research note on Tuesday, April 27th. Robert W. Baird lowered Lockheed Martin from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $420.00 to $368.00 in a research note on Thursday, January 7th. Cowen reaffirmed a “buy” rating and set a $410.00 price target on shares of Lockheed Martin in a research report on Thursday, April 22nd. Finally, Wolfe Research assumed coverage on Lockheed Martin in a research report on Friday, April 9th. They set a “peer perform” rating for the company. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $427.11.

Shares of Lockheed Martin stock traded up $1.09 during midday trading on Tuesday, hitting $386.40. The company had a trading volume of 26,754 shares, compared to its average volume of 1,834,613. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.12 and a current ratio of 1.33. The stock has a market capitalization of $107.39 billion, a P/E ratio of 16.60, a P/E/G ratio of 1.98 and a beta of 0.92. The company has a 50 day moving average of $373.18 and a 200 day moving average of $357.38. Lockheed Martin Co. has a 52-week low of $319.81 and a 52-week high of $417.62.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Monday, April 19th. The aerospace company reported $6.56 earnings per share for the quarter, topping the consensus estimate of $6.32 by $0.24. Lockheed Martin had a return on equity of 173.43% and a net margin of 10.18%. The company had revenue of $16.26 billion for the quarter, compared to the consensus estimate of $16.42 billion. During the same quarter in the prior year, the business posted $6.08 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts forecast that Lockheed Martin Co. will post 24.82 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Shareholders of record on Tuesday, June 1st will be paid a dividend of $2.60 per share. The ex-dividend date is Friday, May 28th. This represents a $10.40 annualized dividend and a yield of 2.69%. Lockheed Martin’s dividend payout ratio is 47.38%.

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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