Lockheed Martin Co. (NYSE:LMT) Shares Acquired by BKM Wealth Management LLC

BKM Wealth Management LLC lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 103.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 523 shares of the aerospace company’s stock after purchasing an additional 266 shares during the quarter. BKM Wealth Management LLC’s holdings in Lockheed Martin were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in LMT. International Assets Investment Management LLC raised its position in shares of Lockheed Martin by 10,526.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock worth $617,416,000 after purchasing an additional 1,349,409 shares during the period. Franklin Resources Inc. raised its position in shares of Lockheed Martin by 14.9% during the 4th quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock worth $1,173,641,000 after purchasing an additional 336,588 shares during the period. Confluence Investment Management LLC acquired a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $151,402,000. Vanguard Group Inc. raised its position in shares of Lockheed Martin by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after purchasing an additional 279,162 shares during the period. Finally, Corient Private Wealth LLC raised its position in shares of Lockheed Martin by 91.8% during the 4th quarter. Corient Private Wealth LLC now owns 574,017 shares of the aerospace company’s stock worth $260,169,000 after purchasing an additional 274,680 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their target price for the company from $475.00 to $518.00 in a research report on Monday, April 15th. UBS Group raised their target price on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group lowered their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. Wells Fargo & Company raised their target price on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Finally, StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $485.40.

Lockheed Martin Stock Down 0.1 %

Shares of LMT stock opened at $466.44 on Tuesday. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $479.50. The stock has a market cap of $111.92 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 4.40 and a beta of 0.46. The business’s fifty day moving average is $464.84 and its 200-day moving average is $450.33. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the firm earned $6.43 EPS. Equities analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is presently 46.10%.

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.