Avidian Wealth Solutions LLC Purchases 49 Shares of Lockheed Martin Co. (NYSE:LMT)

Avidian Wealth Solutions LLC grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,184 shares of the aerospace company’s stock after buying an additional 49 shares during the period. Avidian Wealth Solutions LLC’s holdings in Lockheed Martin were worth $993,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. First Pacific Financial acquired a new position in Lockheed Martin in the first quarter valued at about $25,000. Altshuler Shaham Ltd bought a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $26,000. Activest Wealth Management boosted its position in shares of Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 60 shares in the last quarter. Iron Horse Wealth Management LLC boosted its position in shares of Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 77 shares in the last quarter. Finally, Thompson Investment Management Inc. bought a new position in Lockheed Martin in the first quarter valued at approximately $38,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.2 %

LMT traded up $0.71 during trading on Wednesday, reaching $461.01. 655,578 shares of the company’s stock were exchanged, compared to its average volume of 1,068,040. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The firm has a fifty day moving average price of $465.01 and a two-hundred day moving average price of $451.23. The stock has a market capitalization of $110.61 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 4.35 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping 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 net margin of 9.73% and a return on equity of 85.96%. Lockheed Martin’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.43 earnings per share. As a group, equities research analysts forecast that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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 given a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.73%. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LMT. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $475.00 to $518.00 in a research note on Monday, April 15th. UBS Group boosted their target price on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Finally, Wells Fargo & Company lifted their price target on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $485.40.

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.