Lockheed Martin Corporation (NYSE:LMT) Shares Bought by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC grew its stake in Lockheed Martin Corporation (NYSE:LMT) by 14.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,775 shares of the aerospace company’s stock after acquiring an additional 598 shares during the quarter. MFA Wealth Advisors LLC’s holdings in Lockheed Martin were worth $2,133,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Private Portfolio Partners LLC grew its stake in shares of Lockheed Martin by 4.8% during the 4th quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company’s stock valued at $244,000 after buying an additional 23 shares during the period. Tealwood Asset Management Inc. boosted its holdings in Lockheed Martin by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company’s stock valued at $2,559,000 after acquiring an additional 23 shares during the last quarter. Southland Equity Partners LLC boosted its holdings in Lockheed Martin by 3.1% in the first quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company’s stock valued at $342,000 after acquiring an additional 23 shares during the last quarter. Invenio Wealth Partners LLC grew its position in Lockheed Martin by 6.2% during the fourth quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company’s stock valued at $201,000 after acquiring an additional 24 shares during the period. Finally, Pioneer Trust Bank N A OR increased its stake in Lockheed Martin by 1.3% during the fourth quarter. Pioneer Trust Bank N A OR now owns 1,944 shares of the aerospace company’s stock worth $945,000 after acquiring an additional 24 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMT has been the topic of a number of recent research reports. Melius cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. UBS Group raised their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, April 23rd. Robert W. Baird upgraded shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 target price on the stock in a report on Wednesday, April 23rd. Royal Bank Of Canada downgraded Lockheed Martin from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Finally, Morgan Stanley raised Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price objective on the stock in a research report on Wednesday, April 16th. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $541.80.

Lockheed Martin Stock Up 2.5%

Shares of NYSE LMT opened at $478.91 on Wednesday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. Lockheed Martin Corporation has a 1 year low of $418.88 and a 1 year high of $618.95. The stock’s 50-day simple moving average is $471.55 and its 200-day simple moving average is $469.28. The firm has a market cap of $112.21 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.63 and a beta of 0.29.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The company had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be issued a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.76%. Lockheed Martin’s dividend payout ratio is presently 57.02%.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.