Waverly Advisors LLC Purchases 2,408 Shares of Lockheed Martin Co. (NYSE:LMT)

Waverly Advisors LLC lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 168.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 3,839 shares of the aerospace company’s stock after acquiring an additional 2,408 shares during the quarter. Waverly Advisors LLC’s holdings in Lockheed Martin were worth $1,747,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LMT. Warther Private Wealth LLC grew its holdings in Lockheed Martin by 86.1% during the 4th quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock worth $7,419,000 after acquiring an additional 7,575 shares in the last quarter. Morningstar Investment Services LLC boosted its stake in shares of Lockheed Martin by 99.6% during the fourth quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock valued at $66,697,000 after purchasing an additional 73,774 shares in the last quarter. Cercano Management LLC bought a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $29,454,000. Brevan Howard Capital Management LP increased its holdings in Lockheed Martin by 414.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 7,121 shares of the aerospace company’s stock valued at $3,228,000 after buying an additional 5,736 shares during the period. Finally, New Mexico Educational Retirement Board raised its stake in Lockheed Martin by 20.5% in the first quarter. New Mexico Educational Retirement Board now owns 14,097 shares of the aerospace company’s stock worth $6,222,000 after buying an additional 2,400 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.7 %

Shares of Lockheed Martin stock opened at $541.55 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. The firm’s 50 day simple moving average is $472.18 and its two-hundred day simple moving average is $454.93. The firm has a market capitalization of $129.08 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 4.65 and a beta of 0.46. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $541.55.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The firm had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.05 billion. During the same quarter in the prior year, the firm earned $6.73 earnings per share. Lockheed Martin’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts predict that Lockheed Martin Co. will post 26.73 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be issued a $3.15 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.33%. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Insider Transactions at Lockheed Martin

In related news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the transaction, the insider now directly owns 8,877 shares in the company, valued at $4,574,850.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LMT shares. The Goldman Sachs Group cut their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. Wells Fargo & Company lifted their target price on Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Royal Bank of Canada increased their price target on shares of Lockheed Martin from $470.00 to $500.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price target on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, Citigroup boosted their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $526.77.

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.