Private Capital Advisors Inc. increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 6.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,168 shares of the aerospace company’s stock after buying an additional 924 shares during the period. Lockheed Martin comprises about 1.5% of Private Capital Advisors Inc.’s portfolio, making the stock its 26th biggest position. Private Capital Advisors Inc.’s holdings in Lockheed Martin were worth $4,853,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Man Group plc boosted its holdings in shares of Lockheed Martin by 63.0% in the third quarter. Man Group plc now owns 70,260 shares of the aerospace company’s stock valued at $24,307,000 after acquiring an additional 27,160 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Lockheed Martin by 40.6% in the fourth quarter. California Public Employees Retirement System now owns 1,294,842 shares of the aerospace company’s stock valued at $339,041,000 after acquiring an additional 373,997 shares during the period. PFG Advisors acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $886,000. Schulhoff & Co. Inc. boosted its holdings in shares of Lockheed Martin by 1.6% in the fourth quarter. Schulhoff & Co. Inc. now owns 13,088 shares of the aerospace company’s stock valued at $3,427,000 after acquiring an additional 205 shares during the period. Finally, EFG Asset Management Americas Corp. boosted its holdings in shares of Lockheed Martin by 70.7% in the first quarter. EFG Asset Management Americas Corp. now owns 3,059 shares of the aerospace company’s stock valued at $918,000 after acquiring an additional 1,267 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

In other Lockheed Martin news, Director Ilene S. Gordon bought 750 shares of Lockheed Martin stock in a transaction on Monday, February 25th. The stock was bought at an average price of $306.04 per share, with a total value of $229,530.00. Following the completion of the acquisition, the director now owns 750 shares in the company, valued at $229,530. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian P. Colan sold 4,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $304.56, for a total value of $1,218,240.00. Following the completion of the sale, the vice president now directly owns 2,489 shares of the company’s stock, valued at approximately $758,049.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,186 shares of company stock valued at $26,010,927. Corporate insiders own 0.35% of the company’s stock.

Shares of NYSE LMT opened at $299.12 on Thursday. The company has a debt-to-equity ratio of 8.70, a current ratio of 1.12 and a quick ratio of 0.91. Lockheed Martin Co. has a 1-year low of $241.18 and a 1-year high of $361.99. The firm has a market cap of $85.53 billion, a P/E ratio of 16.76, a P/E/G ratio of 2.24 and a beta of 1.01.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $4.39. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.75 billion. During the same period last year, the company earned ($2.25) earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, sell-side analysts predict that Lockheed Martin Co. will post 19.46 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were issued a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Thursday, February 28th. Lockheed Martin’s dividend payout ratio is presently 49.30%.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, January 14th. ValuEngine downgraded Lockheed Martin from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. Bank of America reissued a “buy” rating and issued a $390.00 price objective on shares of Lockheed Martin in a report on Wednesday, January 30th. Jefferies Financial Group reissued a “hold” rating and issued a $274.00 price objective on shares of Lockheed Martin in a report on Wednesday, January 9th. Finally, Susquehanna Bancshares assumed coverage on Lockheed Martin in a report on Thursday, January 10th. They issued a “positive” rating and a $321.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $350.00.

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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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