Regent Peak Wealth Advisors LLC Increases Holdings in Lockheed Martin Co. (NYSE:LMT)

Regent Peak Wealth Advisors LLC grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 22.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 6,541 shares of the aerospace company’s stock after acquiring an additional 1,183 shares during the quarter. Lockheed Martin makes up 0.8% of Regent Peak Wealth Advisors LLC’s holdings, making the stock its 24th biggest holding. Regent Peak Wealth Advisors LLC’s holdings in Lockheed Martin were worth $2,417,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Key Financial Inc purchased a new stake in Lockheed Martin in the 4th quarter worth about $26,000. Veritas Investment Partners UK Ltd. purchased a new stake in Lockheed Martin in the 4th quarter worth about $26,000. TRU Independence Asset Management 2 LLC purchased a new stake in Lockheed Martin in the 4th quarter worth about $29,000. Encompass Wealth Advisors LLC purchased a new stake in Lockheed Martin in the 4th quarter worth about $29,000. Finally, ForthRight Wealth Management LLC purchased a new position in shares of Lockheed Martin during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 77.00% of the company’s stock.

A number of equities analysts have recently commented on the stock. Robert W. Baird lowered shares of Lockheed Martin from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $420.00 to $368.00 in a research report on Thursday, January 7th. Credit Suisse Group reduced their target price on shares of Lockheed Martin from $351.00 to $334.00 in a research report on Wednesday, January 27th. Wolfe Research began coverage on shares of Lockheed Martin in a research report on Friday, April 9th. They set a “peer perform” rating on the stock. Morgan Stanley increased their price objective on shares of Lockheed Martin from $445.00 to $458.00 and gave the company an “overweight” rating in a research note on Tuesday, April 27th. Finally, Cowen reiterated a “buy” rating and set a $410.00 price objective on shares of Lockheed Martin in a research note on Thursday, April 22nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $427.11.

In other news, EVP Richard F. Ambrose sold 3,446 shares of the business’s stock in a transaction on Friday, April 23rd. The shares were sold at an average price of $377.38, for a total transaction of $1,300,451.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO John Frank A. St sold 6,855 shares of the business’s stock in a transaction on Monday, April 26th. The shares were sold at an average price of $371.95, for a total transaction of $2,549,717.25. The disclosure for this sale can be found here. Insiders have sold 15,707 shares of company stock worth $5,925,208 over the last three months. Corporate insiders own 0.17% of the company’s stock.

NYSE LMT traded up $0.96 on Tuesday, hitting $386.27. The stock had a trading volume of 24,919 shares, compared to its average volume of 1,834,613. The business’s fifty day moving average price is $373.18 and its 200 day moving average price is $357.38. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.33 and a quick ratio of 1.12. Lockheed Martin Co. has a 52-week low of $319.81 and a 52-week high of $417.62. The stock has a market cap of $107.36 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 1.98 and a beta of 0.92.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Monday, April 19th. The aerospace company reported $6.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.32 by $0.24. The business had revenue of $16.26 billion for the quarter, compared to analyst estimates of $16.42 billion. Lockheed Martin had a net margin of 10.18% and a return on equity of 173.43%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $6.08 earnings per share. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 24.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 25th. Stockholders of record on Tuesday, June 1st will be issued a dividend of $2.60 per share. This represents a $10.40 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, May 28th. Lockheed Martin’s dividend payout ratio (DPR) is presently 47.38%.

Lockheed Martin Company 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, Rotary and Mission Systems, and Space.

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

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