HF Advisory Group LLC Raises Position in Lockheed Martin Co. (NYSE:LMT)

HF Advisory Group LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 25.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,548 shares of the aerospace company’s stock after purchasing an additional 316 shares during the quarter. HF Advisory Group LLC’s holdings in Lockheed Martin were worth $701,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank acquired a new position in Lockheed Martin in the second quarter valued at $280,000. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 27 shares during the period. Coppell Advisory Solutions Corp. acquired a new position in shares of Lockheed Martin during the fourth quarter worth $31,000. Activest Wealth Management boosted its stake in shares of 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 purchasing an additional 60 shares during the period. Finally, KB Financial Partners LLC purchased a new stake in Lockheed Martin during the 1st quarter worth $35,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock valued at $7,249,946 in the last 90 days. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Stock Performance

LMT stock traded up $0.85 during trading on Thursday, reaching $456.90. 115,191 shares of the company’s stock were exchanged, compared to its average volume of 1,149,120. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $503.33. The firm has a market cap of $109.88 billion, a PE ratio of 16.55, a P/E/G ratio of 4.14 and a beta of 0.48. The company’s fifty day moving average price is $438.66 and its 200-day moving average price is $442.12. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The company had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $17.96 billion. During the same period last year, the firm earned $7.79 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were given a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Thursday, February 29th. Lockheed Martin’s payout ratio is 45.74%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup reduced their price objective on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Royal Bank of Canada decreased their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 24th. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $475.00 to $518.00 in a report on Monday. UBS Group reduced their target price on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $493.36.

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.