Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Valley National Advisers Inc.

Valley National Advisers Inc. grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,632 shares of the aerospace company’s stock after purchasing an additional 386 shares during the period. Lockheed Martin accounts for 1.3% of Valley National Advisers Inc.’s portfolio, making the stock its 16th biggest position. Valley National Advisers Inc.’s holdings in Lockheed Martin were worth $8,929,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LMT. Altshuler Shaham Ltd bought a new stake in Lockheed Martin in the fourth quarter valued at $26,000. Activest Wealth Management boosted its stake in Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares during the period. Iron Horse Wealth Management LLC boosted its stake in Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 77 shares during the period. Thompson Investment Management Inc. bought a new position in Lockheed Martin in the 1st quarter worth about $38,000. Finally, TFC Financial Management Inc. increased its stake in shares of Lockheed Martin by 206.9% in the fourth quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 60 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LMT shares. Citigroup upped their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a report on Thursday, April 25th. The Goldman Sachs Group dropped their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. UBS Group increased their price target on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $485.40.

Lockheed Martin Stock Up 0.1 %

Shares of LMT traded up $0.45 during midday trading on Wednesday, reaching $466.15. 313,283 shares of the stock were exchanged, compared to its average volume of 1,083,790. The company has a market cap of $111.85 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 4.40 and a beta of 0.46. The firm has a 50 day simple moving average of $465.05 and a 200-day simple moving average of $450.65. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $479.50. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. Lockheed Martin’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $6.43 EPS. Research analysts forecast that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be paid a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s payout ratio is 46.10%.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.