Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Avestar Capital LLC

Avestar Capital LLC raised its position in Lockheed Martin Co. (NYSE:LMT) by 5.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,248 shares of the aerospace company’s stock after acquiring an additional 62 shares during the quarter. Avestar Capital LLC’s holdings in Lockheed Martin were worth $730,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Brooklyn Investment Group raised its position in shares of Lockheed Martin by 9.2% during the 3rd quarter. Brooklyn Investment Group now owns 1,582 shares of the aerospace company’s stock worth $925,000 after acquiring an additional 133 shares in the last quarter. FMR LLC raised its stake in Lockheed Martin by 6.6% during the 3rd quarter. FMR LLC now owns 3,389,025 shares of the aerospace company’s stock worth $1,981,088,000 after acquiring an additional 209,591 shares in the last quarter. Patton Albertson Miller Group LLC purchased a new stake in Lockheed Martin in the third quarter valued at $205,000. Qsemble Capital Management LP increased its position in shares of Lockheed Martin by 64.8% during the third quarter. Qsemble Capital Management LP now owns 7,515 shares of the aerospace company’s stock worth $4,393,000 after purchasing an additional 2,956 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Lockheed Martin by 2.1% during the third quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company’s stock worth $382,498,000 after purchasing an additional 13,253 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Royal Bank of Canada cut their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. TD Cowen increased their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Bank of America reaffirmed a “buy” rating and set a $635.00 price target on shares of Lockheed Martin in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $611.00.

Lockheed Martin Stock Performance

NYSE:LMT opened at $521.48 on Wednesday. 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 $123.61 billion, a PE ratio of 18.88, a P/E/G ratio of 4.27 and a beta of 0.49. The firm has a 50 day simple moving average of $571.19 and a 200-day simple moving average of $528.54. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95.

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

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be given 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 is Monday, December 2nd. This represents a $13.20 annualized dividend and a yield of 2.53%. Lockheed Martin’s dividend payout ratio is 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.