Hohimer Wealth Management LLC Has $4.73 Million Position in Lockheed Martin Co. (NYSE:LMT)

Hohimer Wealth Management LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 12.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,094 shares of the aerospace company’s stock after acquiring an additional 925 shares during the period. Lockheed Martin makes up approximately 1.0% of Hohimer Wealth Management LLC’s holdings, making the stock its 28th biggest holding. Hohimer Wealth Management LLC’s holdings in Lockheed Martin were worth $4,731,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC grew its stake in Lockheed Martin by 0.5% in the third quarter. TD Private Client Wealth LLC now owns 11,223 shares of the aerospace company’s stock valued at $6,561,000 after acquiring an additional 52 shares during the period. Virtue Capital Management LLC lifted its holdings in shares of Lockheed Martin by 112.8% during the 3rd quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company’s stock valued at $1,315,000 after purchasing an additional 1,192 shares in the last quarter. Fortem Financial Group LLC grew its position in shares of Lockheed Martin by 17.3% in the 3rd quarter. Fortem Financial Group LLC now owns 1,832 shares of the aerospace company’s stock valued at $1,071,000 after purchasing an additional 270 shares during the period. Sunbelt Securities Inc. increased its stake in Lockheed Martin by 2.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,844 shares of the aerospace company’s stock worth $2,247,000 after purchasing an additional 88 shares in the last quarter. Finally, Empire Financial Management Company LLC lifted its stake in Lockheed Martin by 15.0% in the third quarter. Empire Financial Management Company LLC now owns 7,593 shares of the aerospace company’s stock valued at $4,439,000 after buying an additional 990 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LMT shares. Melius raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective on the stock in a research report on Tuesday, September 3rd. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Bank of America restated a “buy” rating and issued a $635.00 target price on shares of Lockheed Martin in a research note on Friday, August 30th. TD Cowen raised 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. Finally, Melius Research raised shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $611.00.

Lockheed Martin Stock Up 0.6 %

Shares of LMT stock opened at $512.85 on Wednesday. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The stock has a market cap of $121.57 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 4.19 and a beta of 0.47. The firm’s 50-day moving average is $561.02 and its 200-day moving average is $531.86. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the prior year, the company earned $6.77 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts predict that Lockheed Martin Co. will post 26.94 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.57%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin’s payout ratio is 47.79%.

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.