Marietta Wealth Management LLC Purchases 1,013 Shares of Lockheed Martin Co. (NYSE:LMT)

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Marietta Wealth Management LLC increased its position in shares of Lockheed Martin Co. (NYSE:LMTGet Rating) by 10.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,449 shares of the aerospace company’s stock after purchasing an additional 1,013 shares during the period. Marietta Wealth Management LLC’s holdings in Lockheed Martin were worth $4,612,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LMT. EagleClaw Capital Managment LLC grew its position in Lockheed Martin by 0.9% in the third quarter. EagleClaw Capital Managment LLC now owns 11,380 shares of the aerospace company’s stock valued at $3,933,000 after acquiring an additional 105 shares during the period. Balyasny Asset Management LLC lifted its stake in shares of Lockheed Martin by 392.0% during the third quarter. Balyasny Asset Management LLC now owns 290,529 shares of the aerospace company’s stock valued at $100,262,000 after acquiring an additional 231,483 shares during the period. FinTrust Capital Advisors LLC lifted its stake in shares of Lockheed Martin by 11.6% during the third quarter. FinTrust Capital Advisors LLC now owns 1,154 shares of the aerospace company’s stock valued at $398,000 after acquiring an additional 120 shares during the period. Atria Investments LLC lifted its stake in shares of Lockheed Martin by 6.1% during the third quarter. Atria Investments LLC now owns 25,505 shares of the aerospace company’s stock valued at $8,802,000 after acquiring an additional 1,472 shares during the period. Finally, EP Wealth Advisors LLC increased its holdings in Lockheed Martin by 1.5% in the third quarter. EP Wealth Advisors LLC now owns 4,346 shares of the aerospace company’s stock valued at $1,552,000 after purchasing an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 78.89% of the company’s stock.

LMT has been the subject of a number of recent analyst reports. Susquehanna upped their price objective on Lockheed Martin from $515.00 to $539.00 in a report on Wednesday, April 20th. Wells Fargo & Company increased their price target on Lockheed Martin from $486.00 to $496.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 20th. Susquehanna Bancshares increased their price target on Lockheed Martin from $515.00 to $539.00 in a report on Wednesday, April 20th. Wolfe Research upgraded Lockheed Martin from a “peer perform” rating to an “outperform” rating and set a $467.00 price target for the company in a report on Monday, February 28th. Finally, Seaport Res Ptn restated a “buy” rating on shares of Lockheed Martin in a report on Tuesday, April 19th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and an average target price of $448.86.

NYSE:LMT opened at $418.96 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.07 and a current ratio of 1.27. The company has a market cap of $111.49 billion, a PE ratio of 18.51, a PEG ratio of 2.65 and a beta of 0.76. Lockheed Martin Co. has a 52-week low of $324.23 and a 52-week high of $479.99. The stock has a 50-day simple moving average of $439.22 and a 200 day simple moving average of $411.51.

Lockheed Martin (NYSE:LMTGet Rating) last released its quarterly earnings data on Tuesday, April 19th. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.22 by $0.22. Lockheed Martin had a return on equity of 81.35% and a net margin of 9.45%. The company had revenue of $14.96 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same period last year, the firm posted $6.56 earnings per share. The business’s revenue was down 8.0% on a year-over-year basis. On average, research analysts predict that Lockheed Martin Co. will post 26.84 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Wednesday, June 1st will be given a $2.80 dividend. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $11.20 dividend on an annualized basis and a dividend yield of 2.67%. Lockheed Martin’s payout ratio is 49.47%.

In other Lockheed Martin news, Director John Donovan acquired 568 shares of the business’s stock in a transaction dated Thursday, April 21st. The stock was bought at an average cost of $440.55 per share, with a total value of $250,232.40. Following the completion of the transaction, the director now directly owns 568 shares in the company, valued at approximately $250,232.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Profile (Get Rating)

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, Rotary and Mission Systems, and Space.

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