U S Wealth Group LLC. Has $3.36 Million Stock Position in Lockheed Martin Corporation $LMT

U S Wealth Group LLC. increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 48.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,732 shares of the aerospace company’s stock after buying an additional 2,186 shares during the quarter. Lockheed Martin accounts for approximately 2.2% of U S Wealth Group LLC.’s holdings, making the stock its 17th largest holding. U S Wealth Group LLC.’s holdings in Lockheed Martin were worth $3,361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares during the period. Sivia Capital Partners LLC raised its holdings in Lockheed Martin by 5.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after buying an additional 50 shares during the period. Schnieders Capital Management LLC. lifted its stake in Lockheed Martin by 17.3% in the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock valued at $676,000 after buying an additional 215 shares in the last quarter. MTM Investment Management LLC bought a new position in Lockheed Martin in the second quarter valued at approximately $36,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Lockheed Martin by 6.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 84,989 shares of the aerospace company’s stock valued at $39,362,000 after buying an additional 5,167 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LMT shares. Wall Street Zen raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Saturday. JPMorgan Chase & Co. boosted their price objective on shares of Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $654.00 target price on shares of Lockheed Martin in a research note on Friday, February 6th. TD Cowen lifted their price target on Lockheed Martin from $600.00 to $670.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Finally, The Goldman Sachs Group boosted their price target on Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a report on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus target price of $618.95.

Lockheed Martin Stock Performance

LMT opened at $636.11 on Wednesday. The business’s 50-day simple moving average is $621.48 and its 200 day simple moving average is $528.40. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. The firm has a market capitalization of $146.36 billion, a PE ratio of 29.60, a PEG ratio of 1.16 and a beta of 0.22.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the prior year, the business earned $7.67 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, sell-side analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, March 2nd. Lockheed Martin’s dividend payout ratio is 64.22%.

Lockheed Martin Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.