LVW Advisors LLC Raises Holdings in Lockheed Martin Co. (LMT)

LVW Advisors LLC grew its position in Lockheed Martin Co. (NYSE:LMT) by 8.7% during the 1st quarter, Holdings Channel reports. The firm owned 1,792 shares of the aerospace company’s stock after acquiring an additional 144 shares during the quarter. LVW Advisors LLC’s holdings in Lockheed Martin were worth $538,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of LMT. Bremer Trust National Association acquired a new position in shares of Lockheed Martin during the 4th quarter valued at about $25,000. ERTS Wealth Advisors LLC acquired a new position in shares of Lockheed Martin during the 4th quarter valued at about $26,000. Lake Point Wealth Management acquired a new position in shares of Lockheed Martin during the 4th quarter valued at about $26,000. Advisors Preferred LLC acquired a new position in shares of Lockheed Martin during the 1st quarter valued at about $26,000. Finally, Van ECK Associates Corp acquired a new position in shares of Lockheed Martin during the 4th quarter valued at about $29,000. 78.10% of the stock is currently owned by institutional investors.

LMT opened at $343.95 on Wednesday. The company has a market capitalization of $95.50 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04. The company has a current ratio of 1.17, a quick ratio of 0.96 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.



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

The company also recently disclosed 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. The ex-dividend date is Friday, May 31st. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.56%. Lockheed Martin’s dividend payout ratio is currently 49.30%.

In other news, Director Ilene S. Gordon acquired 750 shares of Lockheed Martin stock in a transaction on Monday, February 25th. The stock was bought at an average price of $306.04 per share, for a total transaction of $229,530.00. Following the transaction, the director now owns 750 shares of the company’s stock, valued at $229,530. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David B. Burritt sold 2,100 shares of the firm’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 completion of the sale, the director now owns 6,030 shares of the company’s stock, valued at approximately $1,991,166.30. The disclosure for this sale can be found here. Insiders sold a total of 68,949 shares of company stock valued at $21,185,503 in the last quarter. Corporate insiders own 0.35% of the company’s stock.

A number of analysts have issued reports on LMT shares. ValuEngine raised Lockheed Martin from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Bank of America reaffirmed a “buy” rating and issued a $390.00 target price on shares of Lockheed Martin in a report on Wednesday, January 30th. Morgan Stanley raised their target price on Lockheed Martin from $300.00 to $324.00 and gave the company an “equal weight” rating in a report on Wednesday, February 13th. Credit Suisse Group reaffirmed a “hold” rating and issued a $297.00 target price on shares of Lockheed Martin in a report on Wednesday, January 23rd. Finally, UBS Group raised their target price on Lockheed Martin from $365.00 to $385.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $355.13.

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About Lockheed Martin

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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