Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC boosted its position in Lockheed Martin Co. (NYSE:LMT) by 34.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,472 shares of the aerospace company’s stock after purchasing an additional 1,135 shares during the quarter. Lockheed Martin comprises about 1.4% of Schrum Private Wealth Management LLC’s holdings, making the stock its 16th largest position. Schrum Private Wealth Management LLC’s holdings in Lockheed Martin were worth $2,614,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. Mattson Financial Services LLC acquired a new stake in Lockheed Martin during the second quarter worth approximately $27,000. Sachetta LLC boosted its holdings in shares of Lockheed Martin by 50.0% during the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 20 shares during the last quarter. Wiser Advisor Group LLC grew its position in shares of 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 purchasing an additional 25 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in Lockheed Martin in the first quarter valued at $30,000. Finally, Stephens Consulting LLC lifted 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 worth $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.

Lockheed Martin Stock Down 1.1 %

Lockheed Martin stock traded down $6.46 during midday trading on Wednesday, hitting $559.50. 293,200 shares of the company were exchanged, compared to its average volume of 1,052,204. 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 fifty-two week low of $413.92 and a fifty-two week high of $618.95. The company’s fifty day moving average price is $578.09 and its 200-day moving average price is $523.56. The company has a market cap of $132.62 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 4.67 and a beta of 0.49.

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

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a dividend yield of 2.36%. Lockheed Martin’s dividend payout ratio (DPR) is currently 45.62%.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Morgan Stanley upped their price target on shares of Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Bank of America reiterated a “buy” rating and issued a $635.00 price target on shares of Lockheed Martin in a report on Friday, August 30th. Susquehanna dropped their price objective on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a report on Wednesday, October 23rd. Finally, Melius upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 target price on the stock in a report on Tuesday, September 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $611.00.

Lockheed Martin Company 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.