Lockheed Martin Co. (NYSE:LMT) Shares Purchased by High Net Worth Advisory Group LLC

High Net Worth Advisory Group LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 30.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 872 shares of the aerospace company’s stock after acquiring an additional 201 shares during the quarter. High Net Worth Advisory Group LLC’s holdings in Lockheed Martin were worth $397,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Altshuler Shaham Ltd purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at $26,000. Activest Wealth Management boosted its holdings in Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares during the last quarter. Providence Capital Advisors LLC purchased a new stake in Lockheed Martin during the third quarter valued at about $35,000. Iron Horse Wealth Management LLC increased its stake in Lockheed Martin by 1,925.0% during the fourth 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. Finally, TFC Financial Management Inc. raised its holdings in shares of Lockheed Martin by 206.9% in the 4th quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 60 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citigroup boosted their target price on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. UBS Group increased their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $475.00 to $518.00 in a report on Monday, April 15th. The Goldman Sachs Group lowered their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday, April 23rd. Finally, Wells Fargo & Company boosted their price objective on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Stock Up 1.3 %

Shares of NYSE:LMT traded up $6.11 during trading on Monday, hitting $473.71. The company’s stock had a trading volume of 109,254 shares, compared to its average volume of 1,077,910. The company has a market capitalization of $113.66 billion, a PE ratio of 17.11, a PEG ratio of 4.39 and a beta of 0.47. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The stock’s 50-day moving average price is $463.71 and its two-hundred day moving average price is $449.69.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. Lockheed Martin’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $6.43 EPS. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be paid a $3.15 dividend. The ex-dividend date is Monday, June 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.66%. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.