EverSource Wealth Advisors LLC Purchases 225 Shares of Lockheed Martin Co. (NYSE:LMT)

EverSource Wealth Advisors LLC lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 25.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,125 shares of the aerospace company’s stock after purchasing an additional 225 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Lockheed Martin were worth $523,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. First Pacific Financial bought a new stake in shares of Lockheed Martin in the 1st quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $26,000. Wiser Advisor Group LLC boosted its position in shares of Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 25 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Lockheed Martin in the 1st quarter worth approximately $30,000. Finally, Thompson Investment Management Inc. bought a new stake in shares of Lockheed Martin in the 1st quarter worth approximately $38,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

NYSE LMT traded down $0.09 on Friday, hitting $548.77. 1,484,756 shares of the company traded hands, compared to its average volume of 1,127,651. The company has a market capitalization of $130.80 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 4.40 and a beta of 0.46. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. The business’s 50 day moving average price is $476.89 and its 200-day moving average price is $456.78. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $561.12.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, beating the consensus estimate of $6.45 by $0.66. The company had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. Lockheed Martin’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $6.73 earnings per share. Equities analysts expect that Lockheed Martin Co. will post 26.71 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a $3.15 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.30%. Lockheed Martin’s payout ratio is 46.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LMT shares. TD Cowen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $480.00 to $560.00 in a report on Wednesday, July 24th. The Goldman Sachs Group decreased their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday, April 23rd. UBS Group boosted their price objective on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Royal Bank of Canada boosted their price objective on shares of Lockheed Martin from $470.00 to $500.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Finally, Bank of America upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and boosted their target price for the company from $465.00 to $635.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $526.77.

Insider Activity

In other news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total value of $2,048,556.00. Following the transaction, the insider now directly owns 8,877 shares in the company, valued at $4,574,850.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.17% of the company’s stock.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.