Benjamin Edwards Inc. Grows Stake in Lockheed Martin Co. (NYSE:LMT)

Benjamin Edwards Inc. increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 3,837.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,256 shares of the aerospace company’s stock after buying an additional 43,132 shares during the period. Benjamin Edwards Inc.’s holdings in Lockheed Martin were worth $25,889,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Mattson Financial Services LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at about $27,000. Sachetta LLC lifted its position in Lockheed Martin by 50.0% during the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 20 shares during the last quarter. Stephens Consulting LLC grew its stake in Lockheed Martin by 48.9% in the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock worth $31,000 after buying an additional 22 shares in the last quarter. Burkett Financial Services LLC purchased a new position in Lockheed Martin in the 3rd quarter worth approximately $32,000. Finally, Ridgewood Investments LLC bought a new position in shares of Lockheed Martin in the 2nd quarter worth $35,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT stock opened at $529.41 on Monday. 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 firm’s 50-day moving average price is $568.75 and its two-hundred day moving average price is $529.80. The stock has a market capitalization of $125.49 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 4.32 and a beta of 0.49. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.77 EPS. As a group, equities analysts predict that Lockheed Martin Co. will post 26.94 earnings per share 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 issued a $3.30 dividend. The ex-dividend date is Monday, December 2nd. This represents a $13.20 annualized dividend and a yield of 2.49%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s payout ratio is 45.62%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Melius upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 target price for the company in a research report on Tuesday, September 3rd. Morgan Stanley increased their price objective on Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Susquehanna dropped their target price on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. Melius Research raised Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, TD Cowen lifted their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. One equities research 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 MarketBeat.com, the company has an average 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.