Lockheed Martin Co. (NYSE:LMT) Stock Position Raised by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 28.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,761 shares of the aerospace company’s stock after acquiring an additional 615 shares during the quarter. MFA Wealth Advisors LLC’s holdings in Lockheed Martin were worth $1,256,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Summit Financial LLC lifted its position in Lockheed Martin by 37.8% in the 1st quarter. Summit Financial LLC now owns 2,458 shares of the aerospace company’s stock worth $1,118,000 after buying an additional 674 shares in the last quarter. Private Trust Co. NA lifted its position in Lockheed Martin by 1.6% in the 1st quarter. Private Trust Co. NA now owns 5,166 shares of the aerospace company’s stock worth $2,350,000 after buying an additional 79 shares in the last quarter. Family Legacy Inc. lifted its position in Lockheed Martin by 1.4% in the 1st quarter. Family Legacy Inc. now owns 8,294 shares of the aerospace company’s stock worth $3,773,000 after buying an additional 113 shares in the last quarter. Berkshire Bank lifted its position in Lockheed Martin by 10.9% in the 1st quarter. Berkshire Bank now owns 1,307 shares of the aerospace company’s stock worth $595,000 after buying an additional 128 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its position in Lockheed Martin by 5.9% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 786 shares of the aerospace company’s stock worth $358,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE:LMT traded down $2.64 during midday trading on Thursday, reaching $467.07. The stock had a trading volume of 866,669 shares, compared to its average volume of 1,089,054. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. The firm’s fifty day simple moving average is $457.24 and its 200-day simple moving average is $447.25. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The stock has a market capitalization of $112.07 billion, a P/E ratio of 17.09, a PEG ratio of 4.41 and a beta of 0.46.

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

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be given a $3.15 dividend. The ex-dividend date is Monday, June 3rd. This represents a $12.60 annualized dividend and a yield of 2.70%. Lockheed Martin’s dividend payout ratio is 46.10%.

Insiders Place Their Bets

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock worth $7,249,946 in the last ninety days. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LMT. Royal Bank of Canada cut their target price on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. Susquehanna cut their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. The Goldman Sachs Group cut their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. Citigroup raised their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, UBS Group raised their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $485.40.

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