HF Advisory Group LLC Has $701,000 Stake in Lockheed Martin Co. (NYSE:LMT)

HF Advisory Group LLC raised its position in Lockheed Martin Co. (NYSE:LMT) by 25.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,548 shares of the aerospace company’s stock after acquiring an additional 316 shares during the period. HF Advisory Group LLC’s holdings in Lockheed Martin were worth $701,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Triumph Capital Management lifted its position in shares of Lockheed Martin by 3.1% during the 3rd quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock valued at $296,000 after acquiring an additional 22 shares during the period. Abbrea Capital LLC lifted its position in shares of Lockheed Martin by 1.7% during the third quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock valued at $571,000 after purchasing an additional 23 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Lockheed Martin by 1.6% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock valued at $584,000 after acquiring an additional 23 shares in the last quarter. Elevated Capital Advisors LLC lifted its holdings in Lockheed Martin by 3.5% during the third quarter. Elevated Capital Advisors LLC now owns 709 shares of the aerospace company’s stock worth $290,000 after acquiring an additional 24 shares during the period. Finally, Duncker Streett & Co. Inc. increased its holdings in Lockheed Martin by 1.2% during the third quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock worth $823,000 after buying an additional 24 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded up $0.85 during midday trading on Thursday, hitting $456.90. 115,191 shares of the stock traded hands, compared to its average volume of 1,149,120. The firm has a market capitalization of $109.88 billion, a P/E ratio of 16.55, a PEG ratio of 4.14 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $503.33. The firm has a 50-day moving average of $438.66 and a two-hundred day moving average of $442.12.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, beating the consensus estimate of $7.26 by $0.64. The firm had revenue of $18.87 billion during the quarter, compared to analyst estimates of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.79 EPS. On average, equities analysts forecast that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were issued a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Thursday, February 29th. Lockheed Martin’s dividend payout ratio (DPR) is currently 45.74%.

Analysts Set New Price Targets

LMT has been the topic of a number of recent research reports. Royal Bank of Canada dropped their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. UBS Group decreased their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Citigroup reduced their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $475.00 to $518.00 in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $493.36.

Insider Buying and Selling at Lockheed Martin

In other news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is available through the SEC website. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock valued at $7,249,946 in the last 90 days. Insiders own 0.17% of the company’s stock.

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.