Obsidian Personal Planning Solutions LLC Acquires New Holdings in Lockheed Martin Co. (NYSE:LMT)

Obsidian Personal Planning Solutions LLC acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 366 shares of the aerospace company’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LMT. TIAA Trust National Association raised its position in Lockheed Martin by 3.5% in the first quarter. TIAA Trust National Association now owns 9,811 shares of the aerospace company’s stock worth $4,463,000 after acquiring an additional 334 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Lockheed Martin in the first quarter worth about $2,325,000. Catalytic Wealth RIA LLC raised its position in Lockheed Martin by 3.1% in the first quarter. Catalytic Wealth RIA LLC now owns 1,021 shares of the aerospace company’s stock worth $464,000 after acquiring an additional 31 shares in the last quarter. Cynosure Group LLC acquired a new stake in Lockheed Martin during the 1st quarter worth about $340,000. Finally, Beaumont Financial Advisors LLC raised its holdings in Lockheed Martin by 6.2% during the 1st quarter. Beaumont Financial Advisors LLC now owns 1,445 shares of the aerospace company’s stock worth $657,000 after buying an additional 84 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Robert W. Baird boosted their price objective on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. TD Cowen lifted their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada lowered their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Barclays lifted their target price on Lockheed Martin from $505.00 to $565.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $611.00.

Lockheed Martin Stock Down 0.8 %

Shares of LMT stock opened at $534.83 on Friday. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The firm has a market cap of $126.78 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 4.37 and a beta of 0.49. The stock has a 50 day moving average of $576.52 and a 200-day moving average of $524.79. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The company 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%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $6.77 earnings per share. On average, equities analysts predict 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. Investors of record on Monday, December 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.47%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s dividend payout ratio is presently 45.62%.

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.