D Orazio & Associates Inc. Increases Holdings in Lockheed Martin (LMT)

D Orazio & Associates Inc. grew its stake in Lockheed Martin (NYSE:LMT) by 18.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,154 shares of the aerospace company’s stock after buying an additional 637 shares during the period. Lockheed Martin accounts for about 0.5% of D Orazio & Associates Inc.’s holdings, making the stock its 14th biggest holding. D Orazio & Associates Inc.’s holdings in Lockheed Martin were worth $1,404,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LMT. Buckingham Capital Management Inc. acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $208,000. KCM Investment Advisors LLC increased its stake in shares of Lockheed Martin by 2.4% in the fourth quarter. KCM Investment Advisors LLC now owns 18,912 shares of the aerospace company’s stock valued at $6,072,000 after buying an additional 445 shares during the period. D.B. Root & Company LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $971,000. Fairfield Bush & CO. increased its stake in shares of Lockheed Martin by 34.5% in the fourth quarter. Fairfield Bush & CO. now owns 4,480 shares of the aerospace company’s stock valued at $1,438,000 after buying an additional 1,150 shares during the period. Finally, Certified Advisory Corp acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $1,362,000. 78.76% of the stock is owned by institutional investors.

Shares of Lockheed Martin opened at $320.42 on Friday, Marketbeat reports. The company has a quick ratio of 1.05, a current ratio of 1.27 and a debt-to-equity ratio of -121.38. Lockheed Martin has a 52 week low of $319.18 and a 52 week high of $321.61. The company has a market capitalization of $91.18 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.70 and a beta of 0.73.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 24th. The aerospace company reported $4.02 EPS for the quarter, beating the Zacks’ consensus estimate of $3.35 by $0.67. Lockheed Martin had a return on equity of 608.95% and a net margin of 4.64%. The firm had revenue of $11.64 billion during the quarter, compared to analysts’ expectations of $11.25 billion. During the same quarter last year, the firm posted $3.00 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. research analysts predict that Lockheed Martin will post 16.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 1st will be paid a $2.00 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $8.00 dividend on an annualized basis and a yield of 2.50%. Lockheed Martin’s dividend payout ratio (DPR) is presently 60.02%.

LMT has been the subject of several recent analyst reports. Wells Fargo raised their target price on Lockheed Martin from $340.00 to $355.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 30th. Zacks Investment Research raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 target price for the company in a research note on Friday, January 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $392.00 target price (up previously from $343.00) on shares of Lockheed Martin in a research note on Tuesday, January 30th. Jefferies Group reaffirmed a “hold” rating and set a $370.00 target price on shares of Lockheed Martin in a research note on Tuesday, January 30th. Finally, Stifel Nicolaus raised their target price on Lockheed Martin from $345.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $373.91.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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

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