Global Assets Advisory LLC Makes New $73.99 Million Investment in Lockheed Martin Co. (NYSE:LMT)

Global Assets Advisory LLC bought a new stake in Lockheed Martin Co. (NYSE:LMTFree Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 162,651 shares of the aerospace company’s stock, valued at approximately $73,985,000. Global Assets Advisory LLC owned about 0.07% of Lockheed Martin as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC grew its stake in shares of Lockheed Martin by 10,526.6% in the 4th quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock valued at $617,416,000 after purchasing an additional 1,349,409 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Lockheed Martin by 14.9% during the fourth quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock worth $1,173,641,000 after purchasing an additional 336,588 shares during the period. Confluence Investment Management LLC purchased a new position in Lockheed Martin in the 1st quarter valued at $151,402,000. Vanguard Group Inc. increased its stake in Lockheed Martin by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after buying an additional 279,162 shares during the period. Finally, Corient Private Wealth LLC raised its position in Lockheed Martin by 91.8% during the 4th quarter. Corient Private Wealth LLC now owns 574,017 shares of the aerospace company’s stock worth $260,169,000 after buying an additional 274,680 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Lockheed Martin stock traded up $3.91 during trading hours on Monday, hitting $471.51. The stock had a trading volume of 1,027,476 shares, compared to its average volume of 1,085,562. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. The stock has a market capitalization of $113.13 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 4.39 and a beta of 0.47. The stock’s fifty day moving average is $463.71 and its two-hundred day moving average is $449.69. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11.

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

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be given a dividend of $3.15 per share. The ex-dividend date is Monday, June 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.67%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LMT shares. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a report on Thursday, April 25th. The Goldman Sachs Group cut their target price 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. Wells Fargo & Company lifted their price target on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus target price of $485.40.

Read Our Latest Analysis on Lockheed Martin

Lockheed Martin Profile

(Free Report)

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.

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

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