Consilium Wealth Advisory LLC Makes New $299,000 Investment in Lockheed Martin Co. (NYSE:LMT)

Consilium Wealth Advisory LLC purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 641 shares of the aerospace company’s stock, valued at approximately $299,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. First Pacific Financial bought a new position in Lockheed Martin in the first quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at about $26,000. Wiser Advisor Group LLC lifted its stake 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 during the period. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Lockheed Martin in the first quarter worth approximately $30,000. Finally, Stephens Consulting LLC grew its position in Lockheed Martin by 48.9% during the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after buying an additional 22 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on LMT shares. JPMorgan Chase & Co. increased their price target on shares of Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Morgan Stanley raised their target price on Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. UBS Group boosted their price target on Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Barclays raised their price objective on Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Finally, Susquehanna increased their target price on shares of Lockheed Martin from $540.00 to $565.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and an average target price of $541.85.

Insider Transactions at Lockheed Martin

In related news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total value of $2,048,556.00. Following the sale, the insider now 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 at the SEC website. Insiders own 0.17% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $568.10 on Monday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. The firm has a market cap of $135.41 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 4.56 and a beta of 0.46. The firm has a fifty day moving average price of $514.24 and a 200 day moving average price of $474.23. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $569.09.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.45 by $0.66. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The business had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $17.05 billion. During the same quarter in the prior year, the firm earned $6.73 EPS. The business’s revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s payout ratio is 46.10%.

About Lockheed Martin

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.