YHB Investment Advisors Inc. Makes New $239,000 Investment in Lockheed Martin Co. (NYSE:LMT)

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YHB Investment Advisors Inc. purchased a new position in Lockheed Martin Co. (NYSE:LMTGet Rating) in the first quarter, HoldingsChannel reports. The firm purchased 541 shares of the aerospace company’s stock, valued at approximately $239,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LMT. Western Pacific Wealth Management LP bought a new position in shares of Lockheed Martin in the fourth quarter worth approximately $25,000. Counterpoint Mutual Funds LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth approximately $27,000. TAP Consulting LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth approximately $31,000. PARK CIRCLE Co bought a new position in shares of Lockheed Martin in the fourth quarter worth approximately $36,000. Finally, Horan Securities Inc. bought a new position in shares of Lockheed Martin during the fourth quarter worth $42,000. Institutional investors and hedge funds own 78.89% of the company’s stock.

In other news, Director John Donovan bought 568 shares of Lockheed Martin 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 completion of the purchase, the director now owns 568 shares in the company, valued at approximately $250,232.40. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.

LMT has been the subject of a number of research reports. Argus upped their target price on shares of Lockheed Martin from $415.00 to $500.00 in a research report on Wednesday, April 20th. Susquehanna Bancshares upped their target price on shares of Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. Wells Fargo & Company upped their target price on shares of Lockheed Martin from $486.00 to $496.00 and gave the stock an “equal weight” rating 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. Finally, Wolfe Research upgraded shares of Lockheed Martin from a “peer perform” rating to an “outperform” rating and set a $467.00 target price for the company in a research report on Monday, February 28th. 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 has an average rating of “Hold” and a consensus price target of $448.86.

LMT stock opened at $419.04 on Friday. Lockheed Martin Co. has a 52 week low of $324.23 and a 52 week high of $479.99. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 1.11. The company has a fifty day simple moving average of $436.04 and a two-hundred day simple moving average of $413.09. The firm has a market capitalization of $111.51 billion, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 2.69 and a beta of 0.76.

Lockheed Martin (NYSE:LMTGet Rating) last announced its earnings results on Tuesday, April 19th. The aerospace company reported $6.44 earnings per share for the quarter, beating the consensus estimate of $6.22 by $0.22. Lockheed Martin had a net margin of 9.45% and a return on equity of 81.35%. The business had revenue of $14.96 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter in the prior year, the firm posted $6.56 earnings per share. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, analysts anticipate that Lockheed Martin Co. will post 26.84 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, September 1st will be paid a $2.80 dividend. This represents a $11.20 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Wednesday, August 31st. Lockheed Martin’s dividend payout ratio is currently 49.47%.

Lockheed Martin Company 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

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMTGet Rating).

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

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