Blake Schutter Theil Wealth Advisors LLC Takes Position in Lockheed Martin Co. (NYSE:LMT)

Blake Schutter Theil Wealth Advisors LLC bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,517 shares of the aerospace company’s stock, valued at approximately $887,000.

Several other hedge funds have also bought and sold shares of LMT. Forte Capital LLC ADV increased its holdings in Lockheed Martin by 23.1% in the 3rd quarter. Forte Capital LLC ADV now owns 1,401 shares of the aerospace company’s stock worth $819,000 after acquiring an additional 263 shares in the last quarter. Spinnaker Trust boosted its position in shares of Lockheed Martin by 8.1% in the third quarter. Spinnaker Trust now owns 671 shares of the aerospace company’s stock worth $392,000 after purchasing an additional 50 shares during the period. Foster & Motley Inc. increased its stake in shares of Lockheed Martin by 4.2% in the third quarter. Foster & Motley Inc. now owns 10,717 shares of the aerospace company’s stock worth $6,265,000 after purchasing an additional 431 shares in the last quarter. Old West Investment Management LLC raised its position in shares of Lockheed Martin by 6.6% during the 3rd quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company’s stock valued at $15,569,000 after purchasing an additional 1,643 shares during the period. Finally, Benchmark Financial Wealth Advisors LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at $391,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.9 %

Shares of LMT stock opened at $551.50 on Thursday. The company has a market cap of $130.73 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 4.44 and a beta of 0.49. 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 stock’s 50 day simple moving average is $578.42 and its two-hundred day simple moving average is $520.28. 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 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same period in the previous year, the firm earned $6.77 earnings per share. Lockheed Martin’s quarterly revenue was up 1.3% compared to the same quarter last year. Research analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s payout ratio is 45.62%.

Analysts Set New Price Targets

A number of equities research analysts have commented on LMT shares. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their price target on Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Citigroup lifted their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Melius Research upgraded shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average price target of $611.00.

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.