Sequoia Financial Advisors LLC Increases Holdings in Lockheed Martin Co. (NYSE:LMT)

Sequoia Financial Advisors LLC lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 12.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,358 shares of the aerospace company’s stock after buying an additional 485 shares during the period. Sequoia Financial Advisors LLC’s holdings in Lockheed Martin were worth $1,477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Capital World Investors raised its holdings in shares of Lockheed Martin by 0.6% during the 4th quarter. Capital World Investors now owns 16,955,358 shares of the aerospace company’s stock valued at $6,602,081,000 after buying an additional 96,435 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Lockheed Martin by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 3,607,858 shares of the aerospace company’s stock valued at $1,402,397,000 after buying an additional 127,006 shares in the last quarter. Capital International Investors raised its holdings in shares of Lockheed Martin by 18.6% during the 4th quarter. Capital International Investors now owns 2,230,612 shares of the aerospace company’s stock valued at $868,556,000 after buying an additional 350,205 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Lockheed Martin by 2.6% during the 1st quarter. Bank of New York Mellon Corp now owns 2,119,125 shares of the aerospace company’s stock valued at $718,278,000 after buying an additional 52,700 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Lockheed Martin by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,097,141 shares of the aerospace company’s stock valued at $816,585,000 after buying an additional 77,569 shares in the last quarter. 79.28% of the stock is currently owned by institutional investors.

Shares of LMT stock traded up $0.18 during trading hours on Friday, reaching $369.00. The company’s stock had a trading volume of 752,010 shares, compared to its average volume of 1,363,502. The stock has a market capitalization of $103.43 billion, a P/E ratio of 16.75, a P/E/G ratio of 2.21 and a beta of 0.98. Lockheed Martin Co. has a one year low of $266.11 and a one year high of $442.53. The firm’s fifty day simple moving average is $373.39 and its 200 day simple moving average is $387.36. The company has a current ratio of 1.23, a quick ratio of 1.00 and a debt-to-equity ratio of 3.28.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.80 by $0.28. The firm had revenue of $15.65 billion for the quarter, compared to analyst estimates of $15.07 billion. Lockheed Martin had a return on equity of 185.10% and a net margin of 10.21%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company earned $5.99 EPS. As a group, equities research analysts forecast that Lockheed Martin Co. will post 24.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be given a $2.40 dividend. The ex-dividend date is Friday, May 29th. This represents a $9.60 dividend on an annualized basis and a dividend yield of 2.60%. Lockheed Martin’s dividend payout ratio is currently 43.74%.

LMT has been the topic of several recent research reports. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $360.00 price target on the stock in a research report on Wednesday, March 25th. Cowen initiated coverage on Lockheed Martin in a research report on Tuesday, April 21st. They set a “buy” rating and a $410.00 price target on the stock. Susquehanna Bancshares raised their price target on Lockheed Martin from $428.00 to $503.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Credit Suisse Group reduced their price target on Lockheed Martin from $435.00 to $433.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Finally, ValuEngine upgraded Lockheed Martin from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $439.00.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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