Teamwork Financial Advisors LLC Has $515,000 Holdings in Lockheed Martin Co. (NYSE:LMT)

Teamwork Financial Advisors LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 24.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,412 shares of the aerospace company’s stock after acquiring an additional 274 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Lockheed Martin were worth $515,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $3,662,000. Dai Ichi Life Insurance Company Ltd grew its position in shares of Lockheed Martin by 3.0% in the fourth quarter. Dai Ichi Life Insurance Company Ltd now owns 3,371 shares of the aerospace company’s stock valued at $1,313,000 after purchasing an additional 98 shares during the last quarter. CSat Investment Advisory L.P. grew its position in shares of Lockheed Martin by 15.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 576 shares of the aerospace company’s stock valued at $225,000 after purchasing an additional 76 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Lockheed Martin by 1,041.7% in the fourth quarter. Meeder Asset Management Inc. now owns 11,896 shares of the aerospace company’s stock valued at $4,633,000 after purchasing an additional 10,854 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of Lockheed Martin by 3.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,873 shares of the aerospace company’s stock valued at $1,508,000 after purchasing an additional 146 shares during the last quarter. 81.87% of the stock is currently owned by hedge funds and other institutional investors.

LMT has been the topic of several research reports. Credit Suisse Group decreased their target price on Lockheed Martin from $435.00 to $433.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Cowen assumed coverage on Lockheed Martin in a research note on Tuesday, April 21st. They issued a “buy” rating and a $410.00 price target for the company. Royal Bank of Canada assumed coverage on Lockheed Martin in a research note on Wednesday, May 20th. They issued a “sector perform” rating and a $410.00 price target for the company. ValuEngine cut Lockheed Martin from a “hold” rating to a “sell” rating in a research note on Thursday, July 2nd. Finally, Argus cut their price target on Lockheed Martin from $475.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $443.44.

Shares of LMT opened at $353.28 on Tuesday. Lockheed Martin Co. has a 52 week low of $266.11 and a 52 week high of $442.53. The stock has a market capitalization of $97.94 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 2.10 and a beta of 0.95. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.00 and a current ratio of 1.23. The stock has a fifty day moving average of $376.18 and a 200-day moving average of $384.60.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.08 EPS for the quarter, beating the Zacks’ consensus estimate of $5.80 by $0.28. Lockheed Martin had a return on equity of 185.10% and a net margin of 10.21%. The company had revenue of $15.65 billion during the quarter, compared to analysts’ expectations of $15.07 billion. During the same period in the prior year, the company earned $5.99 EPS. Lockheed Martin’s revenue was up 9.2% compared to the same quarter last year. As a group, equities analysts forecast that Lockheed Martin Co. will post 24.05 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a $2.40 dividend. This represents a $9.60 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Monday, August 31st. Lockheed Martin’s payout ratio is 43.74%.

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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