753 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Global Assets Advisory LLC

Global Assets Advisory LLC bought a new position in Lockheed Martin Co. (NYSE:LMT) during the third quarter, according to its most recent filing with the SEC. The firm bought 753 shares of the aerospace company’s stock, valued at approximately $456,000.

A number of other large investors also recently modified their holdings of the company. X Square Capital LLC lifted its stake in Lockheed Martin by 3.7% during the 3rd quarter. X Square Capital LLC now owns 2,182 shares of the aerospace company’s stock valued at $1,276,000 after acquiring an additional 77 shares in the last quarter. Romano Brothers AND Company lifted its stake in Lockheed Martin by 6.6% during the 3rd quarter. Romano Brothers AND Company now owns 595 shares of the aerospace company’s stock valued at $348,000 after acquiring an additional 37 shares in the last quarter. Patrick M Sweeney & Associates Inc. increased its position in shares of Lockheed Martin by 1.7% during the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 1,167 shares of the aerospace company’s stock valued at $682,000 after purchasing an additional 20 shares during the last quarter. Great Lakes Retirement Inc. increased its position in shares of Lockheed Martin by 2.4% during the 3rd quarter. Great Lakes Retirement Inc. now owns 5,454 shares of the aerospace company’s stock valued at $3,188,000 after purchasing an additional 127 shares during the last quarter. Finally, YHB Investment Advisors Inc. increased its position in shares of Lockheed Martin by 28.0% during the 3rd quarter. YHB Investment Advisors Inc. now owns 685 shares of the aerospace company’s stock valued at $400,000 after purchasing an additional 150 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 1.0 %

Shares of NYSE LMT opened at $571.10 on Thursday. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $137.03 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 4.84 and a beta of 0.47. The business has a 50-day moving average of $579.95 and a 200-day moving average of $513.50.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the previous year, the firm earned $6.77 earnings per share. Lockheed Martin’s revenue was up 1.3% on a year-over-year basis. Sell-side analysts expect that Lockheed Martin Co. will post 26.68 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.31%. Lockheed Martin’s payout ratio is presently 48.30%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LMT. JPMorgan Chase & Co. raised their target price on Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Bank of America reaffirmed a “buy” rating and set a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. Royal Bank of Canada lowered their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley boosted their price objective on Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $606.71.

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.