Eads & Heald Wealth Management Has $1.22 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

Eads & Heald Wealth Management cut its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 4.9% during the third quarter, HoldingsChannel.com reports. The firm owned 2,079 shares of the aerospace company’s stock after selling 108 shares during the quarter. Eads & Heald Wealth Management’s holdings in Lockheed Martin were worth $1,215,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Burkett Financial Services LLC bought a new position in Lockheed Martin in the third quarter valued at approximately $32,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at $27,000. Sachetta LLC boosted its position in shares of Lockheed Martin by 50.0% in the 2nd 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 stake in shares of Lockheed Martin by 65.8% during the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 25 shares during the period. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in Lockheed Martin in the first quarter valued at about $30,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $545.54 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a market cap of $129.31 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 4.47 and a beta of 0.47. The stock’s 50-day moving average is $579.25 and its 200-day moving average is $517.98. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping 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 the consensus estimate of $17.38 billion. During the same quarter in the prior year, the firm posted $6.77 EPS. The business’s revenue was up 1.3% on a year-over-year basis. Equities analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a $3.30 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin’s payout ratio is presently 47.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays raised their target price on Lockheed Martin from $505.00 to $565.00 and gave the stock an “equal weight” rating in a report on Tuesday. Melius Research upgraded shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Robert W. Baird boosted their price target on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company raised their price objective on Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.