5 Important Stocks in Billionaire Richard Chilton’s Latest Portfolio

2. Lockheed Martin Corporation (NYSE:LMT)

Chilton Investment Company’s Stake Value: $2,504,000

Percentage of Chilton Investment Company’s 13F Portfolio: 0.06%

Number of Hedge Fund Holders: 56

Lockheed Martin Corporation (NYSE:LMT) is an American information security and advanced-technology firm with over 114,000 employees globally.

In Q1 2022, Lockheed Martin Corporation (NYSE:LMT) posted an EPS Normalized Actual of $6.44, beating the consensus estimate by $0.26. However, the company missed the revenue estimates by $529.16 million.

Lockheed Martin Corporation (NYSE:LMT) has secured a contract valued at $578 million involving the F-35 Jet Program. The company would provide management and integration support to the program, which is expected to be completed by 2030.

Lockheed Martin Corporation (NYSE:LMT) was mentioned in the Q3 2021 investor letter of Ariel Investments. Here’s what the firm said:

“Conversely, leading global defense contractor Lockheed Martin Corporation (LMT) was the greatest detractor over the trailing one-year period due to pared back F-35 delivery plans and weaker than expected 2022 sales guidance. Nonetheless, we remain confident in LMT’s positioning as they continue to secure a steady stream of lucrative contracts and benefit from a sizeable backlog. Looking ahead, management is focused on driving innovation, underscored by the pending acquisition of Aerojet Rocketdyne enabling vertical integration in propulsion systems for space and missile defense. At today’s valuation, LMT is currently trading at a 32% discount to our estimate of private market value.”

Lockheed Martin Corporation (NYSE:LMT) was held by 56 hedge funds as of Q1 2022.