Lockheed Martin Corporation $LMT Shares Purchased by Focus Partners Wealth

Focus Partners Wealth boosted its stake in Lockheed Martin Corporation (NYSE:LMT) by 17.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 132,390 shares of the aerospace company’s stock after buying an additional 19,903 shares during the period. Focus Partners Wealth’s holdings in Lockheed Martin were worth $66,087,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LMT. United Financial Planning Group LLC acquired a new stake in shares of Lockheed Martin during the third quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Lockheed Martin in the 2nd quarter valued at approximately $29,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in Lockheed Martin in the 3rd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. DZ Bank cut Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price target on the stock. in a research note on Tuesday, February 3rd. Robert W. Baird lifted their price objective on Lockheed Martin from $550.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. UBS Group boosted their price objective on Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Wall Street Zen upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Citigroup lifted their target price on Lockheed Martin from $592.00 to $673.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Six analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and an average price target of $618.95.

Lockheed Martin Stock Performance

NYSE:LMT opened at $645.16 on Tuesday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The company has a fifty day simple moving average of $619.20 and a two-hundred day simple moving average of $527.13. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. The company has a market cap of $148.44 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 1.16 and a beta of 0.22.

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

Lockheed Martin Dividend Announcement

The business 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 $3.45 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a yield of 2.1%. Lockheed Martin’s dividend payout ratio (DPR) is currently 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.