Ceeto Capital Group LLC Has $910,000 Stock Position in Lockheed Martin Co. (NYSE:LMT)

Ceeto Capital Group LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 42.9% during the 1st quarter, Holdings Channel reports. The firm owned 2,000 shares of the aerospace company’s stock after buying an additional 600 shares during the period. Ceeto Capital Group LLC’s holdings in Lockheed Martin were worth $910,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. First Pacific Financial acquired a new position in shares of Lockheed Martin during the 1st quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new position in shares of Lockheed Martin during the 4th quarter worth approximately $26,000. Activest Wealth Management increased its holdings in shares of Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 60 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Lockheed Martin during the 1st quarter worth approximately $30,000. Finally, Iron Horse Wealth Management LLC increased its holdings in shares of Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 77 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE:LMT traded up $3.40 during trading on Friday, reaching $524.80. 1,141,310 shares of the company traded hands, compared to its average volume of 1,065,686. The company’s 50 day moving average is $469.59 and its two-hundred day moving average is $453.88. The firm has a market capitalization of $125.09 billion, a PE ratio of 19.20, a PEG ratio of 4.89 and a beta of 0.46. The company has a quick ratio of 1.11, a current ratio of 1.24 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $528.64.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. The firm had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $6.73 EPS. As a group, sell-side analysts predict that Lockheed Martin Co. will post 26.26 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $3.15 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.40%. Lockheed Martin’s dividend payout ratio (DPR) is currently 46.10%.

Insider Transactions at Lockheed Martin

In other news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the transaction, the insider now owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Lockheed Martin from a “hold” rating to a “buy” rating and boosted their target price for the stock from $540.00 to $600.00 in a report on Friday. The Goldman Sachs Group reduced their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. Susquehanna boosted their price target on Lockheed Martin from $540.00 to $565.00 and gave the company a “positive” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Royal Bank of Canada boosted their price target on Lockheed Martin from $470.00 to $500.00 and gave the company a “sector perform” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $518.91.

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.