Fiduciary Financial Services of The Southwest Inc. TX Grows Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Fiduciary Financial Services of The Southwest Inc. TX lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,959 shares of the aerospace company’s stock after purchasing an additional 33 shares during the period. Lockheed Martin comprises approximately 1.2% of Fiduciary Financial Services of The Southwest Inc. TX’s portfolio, making the stock its 27th largest position. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Lockheed Martin were worth $4,665,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. lifted its position in shares of Lockheed Martin by 2,992.9% during the 2nd quarter. CSat Investment Advisory L.P. now owns 433 shares of the aerospace company’s stock worth $158,000 after purchasing an additional 419 shares during the last quarter. Haverford Trust Co. lifted its position in shares of Lockheed Martin by 6.4% during the 2nd quarter. Haverford Trust Co. now owns 33,538 shares of the aerospace company’s stock worth $12,192,000 after purchasing an additional 2,011 shares during the last quarter. Lucia Wealth Services LLC lifted its position in shares of Lockheed Martin by 78.5% during the 2nd quarter. Lucia Wealth Services LLC now owns 191 shares of the aerospace company’s stock worth $69,000 after purchasing an additional 84 shares during the last quarter. Carroll Financial Associates Inc. lifted its position in shares of Lockheed Martin by 44.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 1,252 shares of the aerospace company’s stock worth $455,000 after purchasing an additional 386 shares during the last quarter. Finally, Cibc World Markets Corp lifted its position in shares of Lockheed Martin by 67.1% during the 2nd quarter. Cibc World Markets Corp now owns 69,474 shares of the aerospace company’s stock worth $25,257,000 after purchasing an additional 27,901 shares during the last quarter. 78.41% of the stock is owned by institutional investors and hedge funds.

In other Lockheed Martin news, Director James D. Taiclet, Jr. bought 1,354 shares of Lockheed Martin stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of $376.32 per share, with a total value of $509,537.28. Following the completion of the acquisition, the director now owns 1,354 shares of the company’s stock, valued at $509,537.28. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.35% of the stock is currently owned by corporate insiders.

Shares of NYSE:LMT traded up $1.49 on Thursday, reaching $374.58. The company’s stock had a trading volume of 29,965 shares, compared to its average volume of 1,130,886. The stock’s 50-day moving average is $384.37 and its two-hundred day moving average is $359.42. Lockheed Martin Co. has a 52-week low of $241.18 and a 52-week high of $399.96. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.28 and a quick ratio of 0.96. The stock has a market capitalization of $105.53 billion, a P/E ratio of 21.01, a PEG ratio of 2.44 and a beta of 0.96.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $5.66 EPS for the quarter, beating analysts’ consensus estimates of $5.02 by $0.64. Lockheed Martin had a net margin of 10.26% and a return on equity of 221.59%. The business had revenue of $15.17 billion during the quarter, compared to analysts’ expectations of $14.87 billion. During the same period in the prior year, the company earned $5.14 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. Equities analysts forecast that Lockheed Martin Co. will post 21.55 earnings per share for the current fiscal year.

Lockheed Martin announced that its Board of Directors has approved a share repurchase plan on Thursday, September 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the aerospace company to repurchase up to 1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be issued a $2.40 dividend. This represents a $9.60 dividend on an annualized basis and a dividend yield of 2.56%. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.20. The ex-dividend date is Friday, November 29th. Lockheed Martin’s dividend payout ratio is presently 49.30%.

A number of brokerages recently weighed in on LMT. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $395.00 to $360.00 and set a “neutral” rating for the company in a research report on Wednesday. Credit Suisse Group reduced their price target on shares of Lockheed Martin from $401.00 to $385.00 and set a “neutral” rating for the company in a research report on Wednesday. UBS Group boosted their price target on shares of Lockheed Martin from $385.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. ValuEngine cut shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Finally, Morgan Stanley reduced their price target on shares of Lockheed Martin from $381.00 to $364.00 and set an “equal weight” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $367.79.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

Featured Article: What is a growth and income fund?

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.