Valeo Financial Advisors LLC Lowers Position in Lockheed Martin Co. (NYSE:LMT)

Valeo Financial Advisors LLC decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,244 shares of the aerospace company’s stock after selling 647 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Lockheed Martin were worth $6,934,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new position in shares of Lockheed Martin during the 4th quarter worth approximately $26,000. Activest Wealth Management lifted its holdings in Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares in the last quarter. Iron Horse Wealth Management LLC grew its position in shares of Lockheed Martin by 1,925.0% in the fourth 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. purchased a new stake in shares of Lockheed Martin during the first quarter worth about $38,000. Finally, TFC Financial Management Inc. raised its position in shares of Lockheed Martin by 206.9% during the 4th quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 60 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.1 %

NYSE:LMT traded up $0.33 on Wednesday, hitting $466.03. The stock had a trading volume of 312,839 shares, compared to its average volume of 1,083,786. The company has a fifty day moving average price of $465.05 and a two-hundred day moving average price of $450.65. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year 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. The stock has a market cap of $111.82 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 4.40 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. The firm 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 revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.43 EPS. Equities research analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Wall Street Analyst Weigh In

LMT has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $475.00 to $518.00 in a report on Monday, April 15th. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. The Goldman Sachs Group lowered their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Finally, UBS Group boosted their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and an average target price of $485.40.

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.