Claro Advisors LLC Acquires 168 Shares of Lockheed Martin Co. (NYSE:LMT)

Claro Advisors LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 4.6% in the first quarter, Holdings Channel reports. The firm owned 3,858 shares of the aerospace company’s stock after acquiring an additional 168 shares during the period. Claro Advisors LLC’s holdings in Lockheed Martin were worth $1,755,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Kowal Investment Group LLC increased its holdings in Lockheed Martin by 54.3% during the 1st quarter. Kowal Investment Group LLC now owns 1,322 shares of the aerospace company’s stock worth $601,000 after purchasing an additional 465 shares during the period. Hi Line Capital Management LLC lifted its stake in Lockheed Martin by 1.1% in the first quarter. Hi Line Capital Management LLC now owns 16,631 shares of the aerospace company’s stock worth $7,565,000 after acquiring an additional 180 shares during the period. BKM Wealth Management LLC grew its holdings in Lockheed Martin by 103.5% during the 1st quarter. BKM Wealth Management LLC now owns 523 shares of the aerospace company’s stock worth $238,000 after acquiring an additional 266 shares in the last quarter. Diversified Trust Co increased its position in Lockheed Martin by 74.3% during the 1st quarter. Diversified Trust Co now owns 8,546 shares of the aerospace company’s stock valued at $3,887,000 after purchasing an additional 3,642 shares during the period. Finally, Aviance Capital Partners LLC raised its holdings in shares of Lockheed Martin by 47.3% in the 1st quarter. Aviance Capital Partners LLC now owns 15,495 shares of the aerospace company’s stock valued at $7,048,000 after purchasing an additional 4,975 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LMT shares. Wells Fargo & Company increased their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Citigroup lifted their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. UBS Group upped their price objective on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Finally, StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Stock Performance

LMT stock traded down $0.66 during trading on Monday, reaching $466.44. The company had a trading volume of 562,517 shares, compared to its average volume of 1,094,605. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The company has a market cap of $111.92 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 4.40 and a beta of 0.46. The firm has a 50-day simple moving average of $464.84 and a 200-day simple moving average of $450.33.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.80 by $0.53. The firm had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm earned $6.43 EPS. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a $3.15 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.70%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Lockheed Martin Company 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.