McKinley Carter Wealth Services Inc. Acquires 44 Shares of Lockheed Martin Co. (NYSE:LMT)

McKinley Carter Wealth Services Inc. raised its holdings in Lockheed Martin Co. (NYSE:LMT) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,595 shares of the aerospace company’s stock after buying an additional 44 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Lockheed Martin were worth $3,855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Burkett Financial Services LLC bought a new position in Lockheed Martin in the 3rd quarter valued at about $32,000. Mattson Financial Services LLC purchased a new stake in shares of Lockheed Martin in the second quarter worth approximately $27,000. Sachetta LLC lifted its holdings in shares of Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 20 shares in the last quarter. Wiser Advisor Group LLC boosted its position in shares of Lockheed Martin by 65.8% during the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after buying an additional 25 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in Lockheed Martin during the first quarter worth $30,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total value of $2,048,556.00. Following the sale, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Performance

Lockheed Martin stock traded up $1.43 during midday trading on Wednesday, hitting $606.43. The stock had a trading volume of 65,058 shares, compared to its average volume of 1,047,818. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $614.62. The company has a market capitalization of $145.51 billion, a PE ratio of 22.26, a P/E/G ratio of 4.84 and a beta of 0.47. The firm’s fifty day moving average is $574.64 and its two-hundred day moving average is $507.73.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The firm had revenue of $18.12 billion during the quarter, compared to analyst estimates of $17.05 billion. During the same quarter in the prior year, the company posted $6.73 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts forecast that Lockheed Martin Co. will post 26.68 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.18%. The ex-dividend date is Monday, December 2nd. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is currently 48.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LMT shares. Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. Barclays raised their price target on shares of Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Citigroup upped their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company increased their price objective on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Bank of America reissued a “buy” rating and issued a $635.00 price objective on shares of Lockheed Martin in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $587.15.

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.