Stonehearth Capital Management LLC Makes New $211,000 Investment in Lockheed Martin Co. (NYSE:LMT)

Stonehearth Capital Management LLC acquired a new position in shares of Lockheed Martin Co. (NYSE:LMTGet Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 477 shares of the aerospace company’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. EagleClaw Capital Managment LLC raised its holdings in shares of 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 purchasing an additional 105 shares during the last quarter. Balyasny Asset Management LLC raised its holdings in shares of Lockheed Martin by 392.0% in the third quarter. Balyasny Asset Management LLC now owns 290,529 shares of the aerospace company’s stock valued at $100,262,000 after purchasing an additional 231,483 shares during the last quarter. EP Wealth Advisors LLC grew its position in Lockheed Martin by 1.5% during the third quarter. EP Wealth Advisors LLC now owns 4,346 shares of the aerospace company’s stock valued at $1,552,000 after buying an additional 64 shares during the period. Captrust Financial Advisors grew its position in Lockheed Martin by 5.0% during the third quarter. Captrust Financial Advisors now owns 59,395 shares of the aerospace company’s stock valued at $20,497,000 after buying an additional 2,848 shares during the period. Finally, Summit Trail Advisors LLC grew its position in Lockheed Martin by 13.8% during the third quarter. Summit Trail Advisors LLC now owns 2,331 shares of the aerospace company’s stock valued at $804,000 after buying an additional 282 shares during the period. Hedge funds and other institutional investors own 78.89% of the company’s stock.

In other news, Director John Donovan purchased 568 shares of the company’s stock in a transaction dated Thursday, April 21st. The shares were acquired at an average price of $440.55 per share, with a total value of $250,232.40. Following the transaction, the director now owns 568 shares of the company’s stock, valued at $250,232.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Several research firms recently weighed in on LMT. Morgan Stanley increased their price target on shares of Lockheed Martin from $450.00 to $521.00 and gave the company an “overweight” rating in a research report on Wednesday, March 2nd. Susquehanna Bancshares increased their target price on shares of Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 25th. Susquehanna raised their price objective on shares of Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of Lockheed Martin in a research note on Tuesday, April 19th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $448.86.

Shares of NYSE LMT traded down $1.78 during midday trading on Thursday, reaching $413.67. 1,931 shares of the stock traded hands, compared to its average volume of 1,274,065. The company’s 50 day moving average is $438.15 and its 200 day moving average is $411.54. Lockheed Martin Co. has a one year low of $324.23 and a one year high of $479.99. The stock has a market capitalization of $110.08 billion, a PE ratio of 18.35, a P/E/G ratio of 2.75 and a beta of 0.76. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.27 and a quick ratio of 1.07.

Lockheed Martin (NYSE:LMTGet Rating) last released its earnings results on Tuesday, April 19th. The aerospace company reported $6.44 earnings per share for the quarter, topping 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 business had revenue of $14.96 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same quarter last year, the firm posted $6.56 earnings per share. The business’s revenue was down 8.0% compared to the same quarter last year. As a group, equities analysts forecast that Lockheed Martin Co. will post 26.84 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, September 1st will be given a dividend of $2.80 per share. This represents a $11.20 dividend on an annualized basis and a dividend yield of 2.71%. Lockheed Martin’s payout ratio is 49.47%.

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.

Further Reading

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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