441 Shares in Lockheed Martin Co. (NYSE:LMT) Purchased by WealthBridge Capital Management LLC

WealthBridge Capital Management LLC acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 441 shares of the aerospace company’s stock, valued at approximately $258,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LMT. Mattson Financial Services LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $27,000. Sachetta LLC increased its holdings in shares of Lockheed Martin by 50.0% during the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 20 shares in the last quarter. Wiser Advisor Group LLC raised its position in shares of Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 25 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in Lockheed Martin in the 1st quarter worth about $30,000. Finally, Stephens Consulting LLC increased its stake in Lockheed Martin by 48.9% during the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In other news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total value of $2,048,556.00. Following the transaction, the insider now directly owns 8,877 shares in the company, valued at approximately $4,574,850.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Lockheed Martin Trading Up 0.1 %

Shares of LMT stock opened at $605.57 on Tuesday. The stock’s 50 day simple moving average is $565.71 and its two-hundred day simple moving average is $500.06. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $611.59. The company has a market cap of $145.30 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 4.66 and a beta of 0.47. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, topping the consensus estimate of $6.45 by $0.66. The business had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $6.73 earnings per share. Research analysts predict that Lockheed Martin Co. will post 26.65 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.18%. Lockheed Martin’s dividend payout ratio is presently 46.10%.

Analyst Ratings Changes

Several research firms recently commented on LMT. Melius raised 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. UBS Group increased their price objective on shares of Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. TD Cowen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and boosted their target price for the company from $480.00 to $560.00 in a research note on Wednesday, July 24th. Morgan Stanley raised their price target on Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada upped their price objective on Lockheed Martin from $600.00 to $675.00 and gave the company an “outperform” rating in a research report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $568.31.

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.