CWC Advisors LLC. Acquires New Stake in Lockheed Martin Co. (NYSE:LMT)

CWC Advisors LLC. acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,419 shares of the aerospace company’s stock, valued at approximately $829,000.

A number of other large investors have also made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in Lockheed Martin by 130.0% in the 2nd quarter. GAMMA Investing LLC now owns 3,572 shares of the aerospace company’s stock worth $1,668,000 after buying an additional 2,019 shares during the last quarter. Buck Wealth Strategies LLC acquired a new stake in Lockheed Martin in the 2nd quarter worth about $6,611,000. McAdam LLC boosted its stake in Lockheed Martin by 101.7% in the 3rd quarter. McAdam LLC now owns 1,178 shares of the aerospace company’s stock worth $689,000 after buying an additional 594 shares during the last quarter. Verity & Verity LLC boosted its stake in Lockheed Martin by 3.2% in the 2nd quarter. Verity & Verity LLC now owns 34,236 shares of the aerospace company’s stock worth $15,992,000 after buying an additional 1,071 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC acquired a new stake in Lockheed Martin in the 3rd quarter worth about $1,096,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. UBS Group raised their price target on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research note on Wednesday. Bank of America restated a “buy” rating and issued a $635.00 price objective on shares of Lockheed Martin in a report on Friday, August 30th. Royal Bank of Canada cut their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday. Susquehanna cut their price objective on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $606.71.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $562.29 on Friday. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The business has a 50 day moving average price of $580.07 and a two-hundred day moving average price of $514.62. The company has a quick ratio of 1.07, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The firm has a market cap of $134.03 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 4.62 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same quarter last year, the firm earned $6.77 EPS. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis. Sell-side analysts expect that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a $3.30 dividend. 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 2.35%. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.62%.

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.