Lockheed Martin Co. (NYSE:LMT) Stake Increased by GoalVest Advisory LLC

GoalVest Advisory LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,652 shares of the aerospace company’s stock after purchasing an additional 52 shares during the quarter. GoalVest Advisory LLC’s holdings in Lockheed Martin were worth $1,550,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Schear Investment Advisers LLC boosted its holdings in shares of Lockheed Martin by 64.7% during the third quarter. Schear Investment Advisers LLC now owns 1,125 shares of the aerospace company’s stock valued at $658,000 after acquiring an additional 442 shares during the period. Spinnaker Investment Group LLC acquired a new stake in Lockheed Martin in the third quarter worth about $243,000. WESPAC Advisors SoCal LLC lifted its holdings in Lockheed Martin by 2.9% in the third quarter. WESPAC Advisors SoCal LLC now owns 3,756 shares of the aerospace company’s stock worth $2,195,000 after purchasing an additional 107 shares during the period. River Street Advisors LLC lifted its holdings in Lockheed Martin by 25.8% in the third quarter. River Street Advisors LLC now owns 717 shares of the aerospace company’s stock worth $419,000 after purchasing an additional 147 shares during the period. Finally, Evergreen Wealth Management LLC lifted its holdings in Lockheed Martin by 19.6% in the third quarter. Evergreen Wealth Management LLC now owns 6,440 shares of the aerospace company’s stock worth $3,765,000 after purchasing an additional 1,057 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LMT shares. Citigroup upped their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a 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. Melius upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price target on the stock in a research report on Tuesday, September 3rd. UBS Group boosted their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price target on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. 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. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price of $611.00.

Lockheed Martin Price Performance

NYSE LMT opened at $534.83 on Friday. The company has a market cap of $126.78 billion, a PE ratio of 19.36, a PEG ratio of 4.37 and a beta of 0.49. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The stock’s 50-day moving average price is $576.52 and its two-hundred day moving average price is $524.79.

Lockheed Martin (NYSE:LMT) last issued its earnings results 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. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.77 EPS. On average, analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

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 $3.30 dividend. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.47%. Lockheed Martin’s dividend payout ratio is currently 45.62%.

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.