Kays Financial Advisory Corp ADV Buys 806 Shares of Lockheed Martin Co. (LMT)

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Kays Financial Advisory Corp ADV boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 67.7% during the first quarter, Holdings Channel reports. The institutional investor owned 1,996 shares of the aerospace company’s stock after purchasing an additional 806 shares during the quarter. Kays Financial Advisory Corp ADV’s holdings in Lockheed Martin were worth $599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC raised its position in Lockheed Martin by 2.7% in the first quarter. Capital Investment Advisory Services LLC now owns 1,288 shares of the aerospace company’s stock valued at $387,000 after purchasing an additional 34 shares during the period. Lederer & Associates Investment Counsel CA raised its position in Lockheed Martin by 0.7% in the fourth quarter. Lederer & Associates Investment Counsel CA now owns 5,149 shares of the aerospace company’s stock valued at $1,348,000 after purchasing an additional 35 shares during the period. Belpointe Asset Management LLC raised its position in Lockheed Martin by 1.4% in the fourth quarter. Belpointe Asset Management LLC now owns 2,583 shares of the aerospace company’s stock valued at $676,000 after purchasing an additional 35 shares during the period. Physicians Financial Services Inc. raised its position in Lockheed Martin by 0.8% in the fourth quarter. Physicians Financial Services Inc. now owns 4,795 shares of the aerospace company’s stock valued at $1,256,000 after purchasing an additional 37 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its position in Lockheed Martin by 1.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,832 shares of the aerospace company’s stock valued at $742,000 after purchasing an additional 38 shares during the period. 78.59% of the stock is currently owned by institutional investors.

LMT stock opened at $332.55 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 5.00. The firm has a market capitalization of $94.18 billion, a P/E ratio of 18.63, a PEG ratio of 2.31 and a beta of 1.04. Lockheed Martin Co. has a 12-month low of $241.18 and a 12-month high of $351.35.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $5.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.29 by $1.70. The firm had revenue of $14.34 billion for the quarter, compared to the consensus estimate of $12.48 billion. Lockheed Martin had a return on equity of 415.92% and a net margin of 9.91%. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.02 EPS. On average, research analysts expect that Lockheed Martin Co. will post 20.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be issued a $2.20 dividend. The ex-dividend date is Friday, May 31st. This represents a $8.80 annualized dividend and a dividend yield of 2.65%. Lockheed Martin’s dividend payout ratio is presently 49.30%.

In related news, VP Brian P. Colan sold 4,000 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $304.56, for a total value of $1,218,240.00. Following the sale, the vice president now owns 2,489 shares in the company, valued at approximately $758,049.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Marillyn A. Hewson sold 59,434 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $306.60, for a total value of $18,222,464.40. Following the completion of the sale, the chairman now owns 109,531 shares in the company, valued at approximately $33,582,204.60. The disclosure for this sale can be found here. Insiders sold a total of 87,286 shares of company stock worth $26,704,368 in the last quarter. Company insiders own 0.35% of the company’s stock.

A number of equities research analysts have commented on LMT shares. Jefferies Financial Group restated a “hold” rating and issued a $274.00 target price on shares of Lockheed Martin in a research report on Wednesday, January 9th. Morgan Stanley downgraded Lockheed Martin from an “overweight” rating to an “equal weight” rating and set a $300.00 target price on the stock. in a research report on Wednesday, January 9th. Vertical Group upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Vertical Research upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $340.00 target price on the stock in a research report on Thursday, January 10th. Finally, Susquehanna Bancshares started coverage on Lockheed Martin in a research report on Thursday, January 10th. They issued a “positive” rating and a $321.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $352.31.

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

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

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