Central Valley Advisors LLC Takes $1.73 Million Position in Lockheed Martin Co. (NYSE:LMT)

Central Valley Advisors LLC bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,880 shares of the aerospace company's stock, valued at approximately $1,733,000.

Other institutional investors have also added to or reduced their stakes in the company. Curated Wealth Partners LLC bought a new position in shares of Lockheed Martin during the 1st quarter valued at $241,000. First National Bank of Mount Dora Trust Investment Services lifted its holdings in shares of Lockheed Martin by 13.9% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 7,947 shares of the aerospace company's stock valued at $3,550,000 after buying an additional 972 shares during the period. Sonora Investment Management Group LLC lifted its holdings in shares of Lockheed Martin by 3.6% during the 1st quarter. Sonora Investment Management Group LLC now owns 40,287 shares of the aerospace company's stock valued at $17,997,000 after buying an additional 1,385 shares during the period. Accurate Wealth Management LLC lifted its holdings in shares of Lockheed Martin by 2.3% during the 1st quarter. Accurate Wealth Management LLC now owns 1,780 shares of the aerospace company's stock valued at $845,000 after buying an additional 40 shares during the period. Finally, Simplicity Wealth LLC lifted its holdings in shares of Lockheed Martin by 239.9% during the 1st quarter. Simplicity Wealth LLC now owns 5,108 shares of the aerospace company's stock valued at $2,282,000 after buying an additional 3,605 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

LMT stock traded up $16.48 during trading on Friday, reaching $485.75. The company's stock had a trading volume of 2,714,812 shares, compared to its average volume of 1,322,058. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $113.81 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The company's fifty day moving average is $470.72 and its 200-day moving average is $470.42.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The business had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. On average, research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.72%. Lockheed Martin's payout ratio is presently 57.02%.

Analysts Set New Price Targets

Several research firms have recently weighed in on LMT. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. UBS Group increased their price target on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Finally, Royal Bank of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $541.80.

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.