Lockheed Martin Co. (LMT) Shares Bought by Ibex Wealth Advisors

Ibex Wealth Advisors boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 4.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 14,556 shares of the aerospace company’s stock after buying an additional 667 shares during the quarter. Lockheed Martin comprises 1.5% of Ibex Wealth Advisors’ holdings, making the stock its 16th largest holding. Ibex Wealth Advisors’ holdings in Lockheed Martin were worth $4,369,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Psagot Investment House Ltd. increased its stake in shares of Lockheed Martin by 2.7% during the first quarter. Psagot Investment House Ltd. now owns 1,164 shares of the aerospace company’s stock valued at $349,000 after purchasing an additional 31 shares in the last quarter. Capital Investment Advisory Services LLC increased its position in shares of Lockheed Martin by 2.7% during the first quarter. Capital Investment Advisory Services LLC now owns 1,288 shares of the aerospace company’s stock valued at $387,000 after acquiring an additional 34 shares in the last quarter. Lederer & Associates Investment Counsel CA increased its position in shares of Lockheed Martin by 0.7% during the fourth quarter. Lederer & Associates Investment Counsel CA now owns 5,149 shares of the aerospace company’s stock valued at $1,348,000 after acquiring an additional 35 shares in the last quarter. Belpointe Asset Management LLC increased its position in shares of Lockheed Martin by 1.4% during the fourth quarter. Belpointe Asset Management LLC now owns 2,583 shares of the aerospace company’s stock valued at $676,000 after acquiring an additional 35 shares in the last quarter. Finally, Physicians Financial Services Inc. increased its position in shares of Lockheed Martin by 0.8% during the fourth quarter. Physicians Financial Services Inc. now owns 4,795 shares of the aerospace company’s stock valued at $1,256,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 78.30% of the company’s stock.

Several brokerages recently weighed in on LMT. Cowen reissued a “buy” rating and set a $360.00 price target on shares of Lockheed Martin in a research report on Wednesday, April 24th. ValuEngine raised shares of Lockheed Martin from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Zacks Investment Research raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 price target for the company in a research report on Thursday, April 25th. UBS Group raised their price target on shares of Lockheed Martin from $365.00 to $385.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Robert W. Baird raised their price target on shares of Lockheed Martin from $326.00 to $371.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $352.31.



In other Lockheed Martin news, Director David B. Burritt sold 2,100 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $330.21, for a total value of $693,441.00. Following the completion of the sale, the director now owns 6,030 shares of the company’s stock, valued at approximately $1,991,166.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Marillyn A. Hewson sold 59,434 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $306.60, for a total transaction of $18,222,464.40. Following the completion of the sale, the chairman now directly owns 109,531 shares of the company’s stock, valued at approximately $33,582,204.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,949 shares of company stock valued at $22,403,743. 0.35% of the stock is currently owned by insiders.

NYSE:LMT opened at $335.37 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 5.00. Lockheed Martin Co. has a 12 month low of $241.18 and a 12 month high of $351.35. The company has a market capitalization of $94.95 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 2.35 and a beta of 1.04.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $5.99 EPS for the quarter, topping analysts’ consensus estimates of $4.29 by $1.70. Lockheed Martin had a net margin of 9.91% and a return on equity of 415.92%. The business had revenue of $14.34 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same quarter in the previous year, the firm posted $4.02 EPS. The firm’s revenue was up 23.2% on a year-over-year basis. On average, sell-side analysts forecast that Lockheed Martin Co. will post 20.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be given a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Friday, May 31st. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.30%.

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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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