Key Financial Inc Buys 28 Shares of Lockheed Martin Co. (NYSE:LMT)

Key Financial Inc grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,806 shares of the aerospace company’s stock after acquiring an additional 28 shares during the quarter. Key Financial Inc’s holdings in Lockheed Martin were worth $1,056,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Burkett Financial Services LLC acquired a new position in Lockheed Martin during the third quarter valued at approximately $32,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter worth $27,000. Sachetta LLC lifted its position in shares of Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after buying an additional 20 shares during the last quarter. Wiser Advisor Group LLC boosted its stake in Lockheed Martin by 65.8% in the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after buying an additional 25 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Lockheed Martin in the first quarter valued at about $30,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research reports. Susquehanna dropped their target price on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a report on Wednesday, October 23rd. Morgan Stanley raised their target price on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Wells Fargo & Company boosted their target price on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price target on Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $611.00.

Lockheed Martin Trading Down 0.1 %

LMT traded down $0.70 during trading on Friday, reaching $545.35. 792,756 shares of the stock traded hands, compared to its average volume of 1,055,430. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The stock’s 50-day moving average is $579.25 and its 200 day moving average is $517.98. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The stock has a market capitalization of $129.27 billion, a PE ratio of 19.75, a P/E/G ratio of 4.47 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.77 EPS. Equities analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.42%. Lockheed Martin’s dividend payout ratio (DPR) is 47.79%.

Lockheed Martin 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.