Canandaigua National Corp grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 18.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,363 shares of the aerospace company’s stock after purchasing an additional 2,579 shares during the period. Lockheed Martin accounts for 1.0% of Canandaigua National Corp’s portfolio, making the stock its 24th biggest position. Canandaigua National Corp’s holdings in Lockheed Martin were worth $6,046,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Confluence Investment Management LLC raised its holdings in shares of Lockheed Martin by 4.8% during the first quarter. Confluence Investment Management LLC now owns 332,202 shares of the aerospace company’s stock worth $122,748,000 after purchasing an additional 15,358 shares during the period. Fulton Bank N.A. raised its holdings in shares of Lockheed Martin by 7.5% during the first quarter. Fulton Bank N.A. now owns 5,366 shares of the aerospace company’s stock worth $1,983,000 after purchasing an additional 374 shares during the period. Private Asset Management Inc. grew its position in shares of Lockheed Martin by 8.9% during the first quarter. Private Asset Management Inc. now owns 1,101 shares of the aerospace company’s stock worth $407,000 after acquiring an additional 90 shares during the last quarter. Park National Corp OH grew its position in shares of Lockheed Martin by 27.3% during the first quarter. Park National Corp OH now owns 2,465 shares of the aerospace company’s stock worth $911,000 after acquiring an additional 528 shares during the last quarter. Finally, Bard Financial Services Inc. bought a new position in shares of Lockheed Martin during the fourth quarter worth about $8,381,000. 77.00% of the stock is currently owned by institutional investors.

Shares of NYSE:LMT traded up $0.63 during trading hours on Thursday, hitting $380.82. 7,593 shares of the company’s stock traded hands, compared to its average volume of 1,967,947. Lockheed Martin Co. has a 52 week low of $319.81 and a 52 week high of $417.62. 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 company’s fifty day simple moving average is $349.60 and its two-hundred day simple moving average is $357.59. The company has a market cap of $106.67 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 1.98 and a beta of 0.92.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Monday, January 25th. The aerospace company reported $6.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $6.41 by ($0.03). Lockheed Martin had a net margin of 10.18% and a return on equity of 173.43%. The business had revenue of $17.03 billion for the quarter, compared to the consensus estimate of $16.92 billion. During the same quarter last year, the business posted $5.29 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts anticipate that Lockheed Martin Co. will post 24.82 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Monday, March 1st were given a $2.60 dividend. This represents a $10.40 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Friday, February 26th. Lockheed Martin’s dividend payout ratio (DPR) is 47.38%.

Several equities analysts have recently commented on LMT shares. Morgan Stanley lowered their price target on shares of Lockheed Martin from $480.00 to $445.00 and set an “overweight” rating for the company in a research report on Monday, February 8th. Credit Suisse Group lowered their price target on shares of Lockheed Martin from $351.00 to $334.00 in a research report on Wednesday, January 27th. Finally, Robert W. Baird lowered shares of Lockheed Martin from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $420.00 to $368.00 in a research report on Thursday, January 7th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Lockheed Martin presently has a consensus rating of “Buy” and a consensus target price of $423.00.

Lockheed Martin Company 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.

Further Reading: Put Option

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMT).

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

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.