Jeppson Wealth Management LLC Buys 494 Shares of Lockheed Martin Corporation (NYSE:LMT)

Jeppson Wealth Management LLC raised its stake in Lockheed Martin Corporation (NYSE:LMT) by 2.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 22,114 shares of the aerospace company’s stock after buying an additional 494 shares during the period. Lockheed Martin makes up 3.6% of Jeppson Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position. Jeppson Wealth Management LLC’s holdings in Lockheed Martin were worth $9,878,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LMT. Gold Investment Management Ltd. lifted its holdings in shares of Lockheed Martin by 3.6% during the first quarter. Gold Investment Management Ltd. now owns 8,920 shares of the aerospace company’s stock worth $3,985,000 after purchasing an additional 309 shares during the period. 3Chopt Investment Partners LLC acquired a new position in shares of Lockheed Martin during the first quarter worth $759,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Lockheed Martin by 14.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,566 shares of the aerospace company’s stock worth $88,989,000 after purchasing an additional 25,688 shares during the period. Reston Wealth Management LLC lifted its holdings in shares of Lockheed Martin by 4.5% during the first quarter. Reston Wealth Management LLC now owns 533 shares of the aerospace company’s stock worth $238,000 after purchasing an additional 23 shares during the period. Finally, Money Concepts Capital Corp lifted its holdings in shares of Lockheed Martin by 4.6% during the first quarter. Money Concepts Capital Corp now owns 8,014 shares of the aerospace company’s stock worth $3,580,000 after purchasing an additional 356 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $458.59 on Friday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. The stock has a 50 day moving average price of $470.80 and a two-hundred day moving average price of $466.78. The firm has a market capitalization of $107.45 billion, a P/E ratio of 19.81, a P/E/G ratio of 1.60 and a beta of 0.29. Lockheed Martin Corporation has a 52 week low of $418.88 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin’s payout ratio is 57.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group lifted their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 23rd. Royal Bank Of Canada lowered Lockheed Martin from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Melius Research lowered Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Jefferies Financial Group lowered their price objective on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a research report on Monday, April 28th. Finally, Morgan Stanley raised Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price objective for the company in a research report on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $541.80.

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.