JFG Wealth Management LLC Acquires New Shares in Lockheed Martin Co. (NYSE:LMT)

JFG Wealth Management LLC acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 400 shares of the aerospace company’s stock, valued at approximately $234,000.

Other large investors have also bought and sold shares of the company. Stokes Family Office LLC bought a new position in shares of Lockheed Martin in the 1st quarter worth about $425,000. Norden Group LLC boosted its stake in shares of Lockheed Martin by 96.0% in the 1st quarter. Norden Group LLC now owns 1,186 shares of the aerospace company’s stock worth $540,000 after buying an additional 581 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Lockheed Martin in the 1st quarter worth approximately $251,000. Larson Financial Group LLC raised its holdings in shares of Lockheed Martin by 233.6% in the 1st quarter. Larson Financial Group LLC now owns 387 shares of the aerospace company’s stock worth $176,000 after purchasing an additional 271 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Lockheed Martin by 1.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,904 shares of the aerospace company’s stock worth $866,000 after purchasing an additional 33 shares during the period. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on LMT. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 23rd. Bank of America restated a “buy” rating and set a $635.00 price target on shares of Lockheed Martin in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Barclays increased their price target on shares of Lockheed Martin from $505.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company lifted their target price on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $611.00.

Lockheed Martin Stock Up 0.7 %

Shares of NYSE LMT opened at $546.65 on Wednesday. The stock has a market capitalization of $129.58 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 4.46 and a beta of 0.49. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The firm’s 50-day moving average price is $578.67 and its 200-day moving average price is $520.06. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company posted $6.77 earnings per share. On average, equities research analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared 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. This represents a $13.20 annualized dividend and a yield of 2.41%. The ex-dividend date is Monday, December 2nd. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is currently 47.79%.

About Lockheed Martin

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.