Valeo Financial Advisors LLC raised its stake in Lockheed Martin Co. (NYSE:LMT) by 26.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,405 shares of the aerospace company’s stock after acquiring an additional 935 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Lockheed Martin were worth $1,322,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of LMT. Man Group plc raised its holdings in Lockheed Martin by 63.0% in the 3rd quarter. Man Group plc now owns 70,260 shares of the aerospace company’s stock valued at $24,307,000 after buying an additional 27,160 shares during the last quarter. California Public Employees Retirement System increased its position in Lockheed Martin by 40.6% during the 4th quarter. California Public Employees Retirement System now owns 1,294,842 shares of the aerospace company’s stock valued at $339,041,000 after purchasing an additional 373,997 shares during the period. PFG Advisors acquired a new stake in Lockheed Martin during the 4th quarter valued at approximately $886,000. Schulhoff & Co. Inc. grew its position in shares of Lockheed Martin by 1.6% during the 4th quarter. Schulhoff & Co. Inc. now owns 13,088 shares of the aerospace company’s stock worth $3,427,000 after buying an additional 205 shares during the period. Finally, EFG Asset Management Americas Corp. grew its position in shares of Lockheed Martin by 70.7% during the 1st quarter. EFG Asset Management Americas Corp. now owns 3,059 shares of the aerospace company’s stock worth $918,000 after buying an additional 1,267 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

NYSE LMT opened at $309.70 on Monday. Lockheed Martin Co. has a 12-month low of $241.18 and a 12-month high of $361.99. The company has a debt-to-equity ratio of 8.70, a current ratio of 1.12 and a quick ratio of 0.91. The firm has a market capitalization of $87.51 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 2.26 and a beta of 1.01.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were given a $2.20 dividend. This represents a $8.80 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Thursday, February 28th. Lockheed Martin’s payout ratio is currently 49.30%.

In related news, insider Michele A. Evans sold 7,690 shares of Lockheed Martin stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $298.78, for a total value of $2,297,618.20. Following the completion of the sale, the insider now owns 7,690 shares of the company’s stock, valued at approximately $2,297,618.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Richard F. Ambrose sold 6,647 shares of the firm’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $301.34, for a total value of $2,003,006.98. Following the transaction, the executive vice president now owns 4,218 shares in the company, valued at $1,271,052.12. The disclosure for this sale can be found here. In the last three months, insiders sold 85,186 shares of company stock valued at $26,010,927. 0.35% of the stock is currently owned by insiders.

Several brokerages have recently commented on LMT. ValuEngine downgraded shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th. Morgan Stanley raised their price objective on shares of Lockheed Martin from $300.00 to $324.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 13th. Jefferies Financial Group reaffirmed a “hold” rating and set a $313.00 price objective on shares of Lockheed Martin in a research report on Tuesday, February 5th. Bank of America reaffirmed a “buy” rating and set a $390.00 price objective on shares of Lockheed Martin in a research report on Wednesday, January 30th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $297.00 price objective on shares of Lockheed Martin in a research report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $350.00.

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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. 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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