477 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Stonehearth Capital Management LLC

Stonehearth Capital Management LLC acquired a new position in Lockheed Martin Co. (NYSE:LMTGet Rating) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 477 shares of the aerospace company’s stock, valued at approximately $211,000.

A number of other large investors have also modified their holdings of the stock. Western Pacific Wealth Management LP acquired a new position in shares of Lockheed Martin during the fourth quarter valued at about $25,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Lockheed Martin during the fourth quarter valued at about $27,000. TAP Consulting LLC acquired a new position in shares of Lockheed Martin during the fourth quarter valued at about $31,000. PARK CIRCLE Co acquired a new position in Lockheed Martin in the fourth quarter worth about $36,000. Finally, Horan Securities Inc. acquired a new position in Lockheed Martin in the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 78.89% of the company’s stock.

Several research firms recently issued reports on LMT. Wolfe Research raised shares of Lockheed Martin from a “peer perform” rating to an “outperform” rating and set a $467.00 price target for the company in a research report on Monday, February 28th. Susquehanna Bancshares increased their price target on shares of Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. Wells Fargo & Company increased their price target on shares of Lockheed Martin from $486.00 to $496.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 20th. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 25th. Finally, Susquehanna upped their price objective on shares of Lockheed Martin from $515.00 to $539.00 in a research note on Wednesday, April 20th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $448.86.

LMT traded down $1.78 during mid-day trading on Thursday, hitting $413.67. The stock had a trading volume of 1,931 shares, compared to its average volume of 1,274,065. The stock’s fifty day simple moving average is $438.15 and its 200-day simple moving average is $411.54. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.27 and a quick ratio of 1.07. The firm has a market capitalization of $110.08 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 2.75 and a beta of 0.76. Lockheed Martin Co. has a 1-year low of $324.23 and a 1-year high of $479.99.

Lockheed Martin (NYSE:LMTGet Rating) last posted its earnings results on Tuesday, April 19th. The aerospace company reported $6.44 earnings per share for the quarter, topping the consensus estimate of $6.22 by $0.22. The company had revenue of $14.96 billion for the quarter, compared to analyst estimates of $15.49 billion. Lockheed Martin had a net margin of 9.45% and a return on equity of 81.35%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period last year, the business posted $6.56 earnings per share. As a group, research analysts expect that Lockheed Martin Co. will post 26.84 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Thursday, September 1st will be issued a dividend of $2.80 per share. This represents a $11.20 dividend on an annualized basis and a dividend yield of 2.71%. Lockheed Martin’s payout ratio is 49.47%.

In other Lockheed Martin news, Director John Donovan purchased 568 shares of the stock in a transaction on Thursday, April 21st. The shares were purchased at an average cost of $440.55 per share, for a total transaction of $250,232.40. Following the purchase, the director now owns 568 shares of the company’s stock, valued at $250,232.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.17% of the company’s stock.

About Lockheed Martin (Get Rating)

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.

Further Reading

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

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