Western Wealth Management LLC Increases Stock Position in Lockheed Martin Co. (NYSE:LMT)

Western Wealth Management LLC increased its position in Lockheed Martin Co. (NYSE:LMTFree Report) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,893 shares of the aerospace company’s stock after acquiring an additional 208 shares during the period. Western Wealth Management LLC’s holdings in Lockheed Martin were worth $2,001,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CGC Financial Services LLC acquired a new stake in shares of Lockheed Martin in the 2nd quarter worth about $31,000. Coppell Advisory Solutions Corp. acquired a new position in Lockheed Martin during the 4th quarter valued at about $31,000. Alaska Permanent Fund Corp acquired a new position in Lockheed Martin during the 2nd quarter valued at about $35,000. KB Financial Partners LLC acquired a new position in Lockheed Martin during the 1st quarter valued at about $35,000. Finally, Milestone Investment Advisors LLC acquired a new position in Lockheed Martin during the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 74.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on LMT shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. UBS Group lowered their target price on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Citigroup lowered their price objective on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. lowered their price objective on shares of Lockheed Martin from $495.00 to $481.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 18th. Finally, Morgan Stanley lowered their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $491.92.

Read Our Latest Stock Report on LMT

Lockheed Martin Stock Performance

LMT stock opened at $425.97 on Friday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. The stock has a market cap of $102.93 billion, a P/E ratio of 15.46, a P/E/G ratio of 3.92 and a beta of 0.49. The firm has a 50 day simple moving average of $448.09 and a 200 day simple moving average of $442.87. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $508.10.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping the consensus estimate of $7.26 by $0.64. The business had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $7.79 earnings per share. Research analysts anticipate that Lockheed Martin Co. will post 26.24 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be given a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.96%. The ex-dividend date is Thursday, February 29th. Lockheed Martin’s payout ratio is presently 45.74%.

About Lockheed Martin

(Free Report)

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, Rotary and Mission Systems, and Space.

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

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