86 Shares in Lockheed Martin Co. (NYSE:LMT) Acquired by Friedenthal Financial

Friedenthal Financial bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the 3rd quarter, HoldingsChannel reports. The firm bought 86 shares of the aerospace company’s stock, valued at approximately $50,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. First Citizens Bank & Trust Co. boosted its stake in Lockheed Martin by 5.8% in the third quarter. First Citizens Bank & Trust Co. now owns 4,109 shares of the aerospace company’s stock worth $2,402,000 after buying an additional 227 shares in the last quarter. Chronos Wealth Management LLC raised its position in Lockheed Martin by 0.6% in the 3rd quarter. Chronos Wealth Management LLC now owns 11,631 shares of the aerospace company’s stock worth $6,799,000 after purchasing an additional 70 shares during the period. Blue Trust Inc. lifted its stake in Lockheed Martin by 61.0% in the third quarter. Blue Trust Inc. now owns 7,712 shares of the aerospace company’s stock worth $4,508,000 after purchasing an additional 2,923 shares during the last quarter. Meridian Financial Partners LLC boosted its position in Lockheed Martin by 6.7% during the third quarter. Meridian Financial Partners LLC now owns 480 shares of the aerospace company’s stock valued at $281,000 after buying an additional 30 shares during the period. Finally, Moss Adams Wealth Advisors LLC purchased a new position in shares of Lockheed Martin in the third quarter worth about $280,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction that occurred 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 completion of the sale, the insider now owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Trading Up 0.4 %

NYSE LMT opened at $611.81 on Friday. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $614.62. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. The stock’s fifty day moving average price is $578.29 and its 200-day moving average price is $510.67. The stock has a market cap of $146.80 billion, a P/E ratio of 22.39, a P/E/G ratio of 4.84 and a beta of 0.47.

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, beating analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The business had revenue of $18.12 billion during the quarter, compared to analyst estimates of $17.05 billion. During the same period last year, the business earned $6.73 EPS. Lockheed Martin’s revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts forecast that Lockheed Martin Co. will post 26.68 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a dividend yield of 2.16%. Lockheed Martin’s dividend payout ratio (DPR) is 48.30%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LMT. Melius raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective for the company in a research note on Tuesday, September 3rd. Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. Royal Bank of Canada boosted their target price on Lockheed Martin from $600.00 to $675.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Barclays raised their price target on Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Finally, StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average target price of $597.92.

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.