SageView Advisory Group LLC Buys 869 Shares of Lockheed Martin Co. (NYSE:LMT)

SageView Advisory Group LLC raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 17.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,760 shares of the aerospace company’s stock after purchasing an additional 869 shares during the quarter. SageView Advisory Group LLC’s holdings in Lockheed Martin were worth $2,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Warther Private Wealth LLC raised its stake in shares of Lockheed Martin by 86.1% during the fourth quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock worth $7,419,000 after acquiring an additional 7,575 shares in the last quarter. Alethea Capital Management LLC purchased a new position in shares of Lockheed Martin during the third quarter worth approximately $415,000. Morningstar Investment Services LLC raised its stake in shares of Lockheed Martin by 99.6% during the fourth quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock worth $66,697,000 after acquiring an additional 73,774 shares in the last quarter. Brandywine Global Investment Management LLC raised its stake in shares of Lockheed Martin by 14.1% during the third quarter. Brandywine Global Investment Management LLC now owns 305,555 shares of the aerospace company’s stock worth $124,960,000 after acquiring an additional 37,827 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its stake in shares of Lockheed Martin by 0.4% during the fourth quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock worth $3,509,000 after acquiring an additional 29 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the topic of several research reports. The Goldman Sachs Group decreased their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Citigroup lifted their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. Finally, StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Stock Performance

NYSE:LMT opened at $459.02 on Tuesday. The stock has a market cap of $110.14 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 4.31 and a beta of 0.48. The firm’s fifty day simple moving average is $462.67 and its 200 day simple moving average is $449.28. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

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

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be issued a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Monday, June 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

About Lockheed Martin

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.