Avity Investment Management Inc. Grows Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Avity Investment Management Inc. grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 21.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 548 shares of the aerospace company’s stock after acquiring an additional 95 shares during the period. Avity Investment Management Inc.’s holdings in Lockheed Martin were worth $249,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in LMT. Altshuler Shaham Ltd purchased a new stake in Lockheed Martin during the fourth quarter worth $26,000. Activest Wealth Management boosted 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 worth $30,000 after buying an additional 60 shares in the last quarter. Iron Horse Wealth Management LLC boosted its holdings in Lockheed Martin by 1,925.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after buying an additional 77 shares in the last quarter. Thompson Investment Management Inc. purchased a new stake in Lockheed Martin during the first quarter worth $38,000. Finally, TFC Financial Management Inc. boosted its holdings in Lockheed Martin by 206.9% during the fourth quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock worth $40,000 after buying an additional 60 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LMT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $475.00 to $518.00 in a report on Monday, April 15th. Wells Fargo & Company increased their price target on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. UBS Group upped their price objective 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. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average target price of $485.40.

Lockheed Martin Price Performance

Shares of NYSE LMT traded down $0.03 during mid-day trading on Friday, reaching $467.10. The company’s stock had a trading volume of 3,472,549 shares, compared to its average volume of 988,980. The stock has a 50-day moving average of $464.84 and a two-hundred day moving average of $450.35. The stock has a market capitalization of $112.08 billion, a P/E ratio of 17.09, a P/E/G ratio of 4.40 and a beta of 0.47. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50.

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

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given 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 of this dividend is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

About Lockheed Martin

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.