Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Tyler Stone Wealth Management

Tyler Stone Wealth Management increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 105.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 691 shares of the aerospace company’s stock after purchasing an additional 355 shares during the period. Tyler Stone Wealth Management’s holdings in Lockheed Martin were worth $404,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Williams Jones Wealth Management LLC. grew its holdings in Lockheed Martin by 13.0% during the 1st quarter. Williams Jones Wealth Management LLC. now owns 8,444 shares of the aerospace company’s stock worth $3,841,000 after acquiring an additional 974 shares in the last quarter. Legacy Capital Group California Inc. increased its holdings in Lockheed Martin by 17.1% in the first quarter. Legacy Capital Group California Inc. now owns 865 shares of the aerospace company’s stock valued at $393,000 after buying an additional 126 shares during the last quarter. Headlands Technologies LLC raised its stake in Lockheed Martin by 162.8% in the first quarter. Headlands Technologies LLC now owns 1,603 shares of the aerospace company’s stock valued at $729,000 after buying an additional 993 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Lockheed Martin by 10.1% during the 1st quarter. Russell Investments Group Ltd. now owns 54,030 shares of the aerospace company’s stock worth $24,577,000 after buying an additional 4,976 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in shares of Lockheed Martin by 4.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 40,376 shares of the aerospace company’s stock worth $18,366,000 after acquiring an additional 1,623 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Robert W. Baird raised their target price on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Morgan Stanley boosted their price objective on shares of Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Bank of America reaffirmed a “buy” rating and issued a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. Royal Bank of Canada cut their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, Melius Research upgraded shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $611.00.

Lockheed Martin Stock Up 2.3 %

LMT opened at $564.56 on Monday. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The business has a 50 day moving average price of $578.06 and a two-hundred day moving average price of $521.64. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The company has a market cap of $133.82 billion, a PE ratio of 20.44, a P/E/G ratio of 4.62 and a beta of 0.49.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results 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 return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter in the prior year, the business earned $6.77 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, research analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The company 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 of this dividend is Monday, December 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.34%. Lockheed Martin’s payout ratio is presently 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.