Valmark Advisers Inc. purchased a new position in Lockheed Martin Co. (NYSE:LMT) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 720 shares of the aerospace company’s stock, valued at approximately $216,000.

Other large investors also recently made changes to their positions in the company. Psagot Investment House Ltd. increased its stake in shares of Lockheed Martin by 2.7% in the first quarter. Psagot Investment House Ltd. now owns 1,164 shares of the aerospace company’s stock worth $349,000 after purchasing an additional 31 shares during the period. Ballentine Partners LLC increased its stake in shares of Lockheed Martin by 4.0% in the first quarter. Ballentine Partners LLC now owns 833 shares of the aerospace company’s stock worth $250,000 after purchasing an additional 32 shares during the period. Capital Investment Advisory Services LLC increased its stake in shares of Lockheed Martin by 2.7% in the first quarter. Capital Investment Advisory Services LLC now owns 1,288 shares of the aerospace company’s stock worth $387,000 after purchasing an additional 34 shares during the period. Belpointe Asset Management LLC increased its stake in shares of Lockheed Martin by 1.4% in the fourth quarter. Belpointe Asset Management LLC now owns 2,583 shares of the aerospace company’s stock worth $676,000 after purchasing an additional 35 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its stake in shares of Lockheed Martin by 1.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,832 shares of the aerospace company’s stock worth $742,000 after purchasing an additional 38 shares during the period. 78.06% of the stock is owned by institutional investors.

A number of research firms have recently commented on LMT. Morgan Stanley lifted their price objective on Lockheed Martin from $324.00 to $356.00 and gave the stock an “equal weight” rating in a research note on Friday. Barclays boosted their price target on Lockheed Martin from $340.00 to $370.00 and gave the company an “equal weight” rating in a research note on Thursday, May 16th. Cowen restated a “buy” rating and set a $360.00 price target on shares of Lockheed Martin in a research note on Wednesday, April 24th. ValuEngine upgraded Lockheed Martin from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, Zacks Investment Research upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 price target on the stock in a research note on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $357.13.

Shares of LMT opened at $350.14 on Friday. The stock has a market cap of $98.63 billion, a P/E ratio of 19.62, a PEG ratio of 2.42 and a beta of 0.96. The company has a debt-to-equity ratio of 5.00, a quick ratio of 0.96 and a current ratio of 1.17. Lockheed Martin Co. has a 12-month low of $241.18 and a 12-month high of $358.63.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $5.99 EPS for the quarter, topping the consensus estimate of $4.29 by $1.70. The business had revenue of $14.34 billion for the quarter, compared to the consensus estimate of $12.48 billion. Lockheed Martin had a return on equity of 415.92% and a net margin of 9.91%. Lockheed Martin’s revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.02 EPS. Analysts anticipate that Lockheed Martin Co. will post 20.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be issued a $2.20 dividend. This represents a $8.80 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Friday, May 31st. Lockheed Martin’s payout ratio is currently 49.30%.

In other news, Director David B. Burritt sold 2,100 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $330.21, for a total value of $693,441.00. Following the transaction, the director now directly owns 6,030 shares of the company’s stock, valued at approximately $1,991,166.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is owned by insiders.

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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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

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