JFG Wealth Management LLC Purchases Shares of 400 Lockheed Martin Co. (NYSE:LMT)

JFG Wealth Management LLC acquired a new stake in Lockheed Martin Co. (NYSE:LMT) in the third quarter, Holdings Channel reports. The firm acquired 400 shares of the aerospace company’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. Stokes Family Office LLC acquired a new stake in Lockheed Martin in the 1st quarter valued at about $425,000. Norden Group LLC raised its position in shares of Lockheed Martin by 96.0% during the 1st quarter. Norden Group LLC now owns 1,186 shares of the aerospace company’s stock worth $540,000 after buying an additional 581 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Lockheed Martin during the 1st quarter worth about $251,000. Larson Financial Group LLC raised its holdings in shares of Lockheed Martin by 233.6% during the first quarter. Larson Financial Group LLC now owns 387 shares of the aerospace company’s stock worth $176,000 after acquiring an additional 271 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Lockheed Martin by 1.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,904 shares of the aerospace company’s stock valued at $866,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $546.65 on Wednesday. The business has a 50-day simple moving average of $578.67 and a 200 day simple moving average of $520.06. The firm has a market capitalization of $129.58 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 4.46 and a beta of 0.49. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the prior year, the company posted $6.77 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. On average, research analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be issued a dividend of $3.30 per share. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin’s dividend payout ratio (DPR) is 47.79%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LMT shares. Morgan Stanley lifted 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 note on Friday, August 9th. Melius Research raised shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. UBS Group boosted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Bank of America reissued a “buy” rating and issued a $635.00 target price on shares of Lockheed Martin in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $611.00.

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.