Hi Line Capital Management LLC Acquires 180 Shares of Lockheed Martin Co. (NYSE:LMT)

Hi Line Capital Management LLC grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 1.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,631 shares of the aerospace company’s stock after buying an additional 180 shares during the period. Lockheed Martin accounts for approximately 2.7% of Hi Line Capital Management LLC’s holdings, making the stock its 13th biggest position. Hi Line Capital Management LLC’s holdings in Lockheed Martin were worth $7,565,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norris Perne & French LLP MI grew its stake 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 during the last quarter. Genesee Capital Advisors LLC grew its stake in shares of Lockheed Martin by 2.8% during the fourth quarter. Genesee Capital Advisors LLC now owns 923 shares of the aerospace company’s stock worth $419,000 after acquiring an additional 25 shares during the last quarter. Hunter Associates Investment Management LLC grew its stake in shares of Lockheed Martin by 1.3% during the fourth quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock worth $912,000 after acquiring an additional 25 shares during the last quarter. Missouri Trust & Investment Co grew its stake in shares of Lockheed Martin by 19.8% during the fourth quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock worth $68,000 after acquiring an additional 25 shares during the last quarter. Finally, Rowlandmiller & PARTNERS.ADV grew its stake in shares of Lockheed Martin by 7.1% during the first quarter. Rowlandmiller & PARTNERS.ADV now owns 377 shares of the aerospace company’s stock worth $171,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LMT. Wells Fargo & Company upped their target price on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Citigroup upped their target price on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group dropped their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. UBS Group boosted their price target on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. One 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average price target of $485.40.

Lockheed Martin Price Performance

Shares of LMT stock traded down $1.81 during trading hours on Monday, hitting $465.29. 274,835 shares of the company’s stock were exchanged, compared to its average volume of 1,092,303. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50. The firm has a market cap of $111.64 billion, a P/E ratio of 17.07, a P/E/G ratio of 4.40 and a beta of 0.46. The firm has a 50 day moving average of $464.84 and a two-hundred day moving average of $450.33.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS 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 analysts’ expectations of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the business earned $6.43 earnings per share. Sell-side analysts forecast that Lockheed Martin Co. will post 26.17 EPS 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. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is presently 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.