Atalanta Sosnoff Capital LLC Acquires Shares of 2,449 Lockheed Martin Co. (NYSE:LMT)

Atalanta Sosnoff Capital LLC bought a new stake in Lockheed Martin Co. (NYSE:LMT) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,449 shares of the aerospace company’s stock, valued at approximately $735,000.

Other large investors have also recently modified their holdings of the company. Lederer & Associates Investment Counsel CA raised its holdings in shares of 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 buying an additional 35 shares during the last quarter. Belpointe Asset Management LLC raised its holdings in shares of 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 buying an additional 35 shares during the last quarter. Physicians Financial Services Inc. raised its holdings in Lockheed Martin by 0.8% during the 4th quarter. Physicians Financial Services Inc. now owns 4,795 shares of the aerospace company’s stock worth $1,256,000 after purchasing an additional 37 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Lockheed Martin by 1.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 2,832 shares of the aerospace company’s stock worth $742,000 after purchasing an additional 38 shares during the last quarter. Finally, Windsor Group LTD raised its holdings in Lockheed Martin by 3.0% during the 1st quarter. Windsor Group LTD now owns 1,307 shares of the aerospace company’s stock worth $392,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 78.59% of the company’s stock.

Several analysts have weighed in on the company. Bank of America reissued a “buy” rating and set a $400.00 price objective (up from $390.00) on shares of Lockheed Martin in a report on Wednesday, April 24th. ValuEngine raised Lockheed Martin from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Cowen reaffirmed a “buy” rating and issued a $360.00 price target on shares of Lockheed Martin in a research note on Wednesday, April 24th. UBS Group upped their price target on Lockheed Martin from $365.00 to $385.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Robert W. Baird upped their price target on Lockheed Martin from $326.00 to $371.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $352.31.

Shares of LMT traded up $1.52 on Friday, hitting $334.07. The company’s stock had a trading volume of 806,671 shares, compared to its average volume of 1,236,904. The company has a debt-to-equity ratio of 5.00, a quick ratio of 0.96 and a current ratio of 1.17. Lockheed Martin Co. has a fifty-two week low of $241.18 and a fifty-two week high of $351.35. The firm has a market capitalization of $94.18 billion, a PE ratio of 18.72, a P/E/G ratio of 2.31 and a beta of 1.04.

Lockheed Martin (NYSE:LMT) last issued 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. Lockheed Martin had a return on equity of 415.92% and a net margin of 9.91%. The business had revenue of $14.34 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same period in the previous year, the firm earned $4.02 EPS. Lockheed Martin’s quarterly revenue was up 23.2% compared to the same quarter last year. Equities research analysts predict that Lockheed Martin Co. will post 20.53 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be given a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Friday, May 31st. Lockheed Martin’s dividend payout ratio (DPR) is currently 49.30%.

In other news, Director David B. Burritt sold 2,100 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $330.21, for a total value of $693,441.00. Following the completion of the sale, the director now owns 6,030 shares of the company’s stock, valued at approximately $1,991,166.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Brian P. Colan sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $304.56, for a total value of $1,218,240.00. Following the completion of the sale, the vice president now directly owns 2,489 shares of the company’s stock, valued at approximately $758,049.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,286 shares of company stock valued at $26,704,368. Insiders own 0.35% of the company’s stock.

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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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