Lockheed Martin Co. (NYSE:LMT) Shares Purchased by FFG Partners LLC

FFG Partners LLC lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 5.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,708 shares of the aerospace company’s stock after buying an additional 886 shares during the period. Lockheed Martin makes up approximately 3.8% of FFG Partners LLC’s investment portfolio, making the stock its 10th biggest holding. FFG Partners LLC’s holdings in Lockheed Martin were worth $10,936,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LMT. Beaird Harris Wealth Management LLC raised its stake in shares of Lockheed Martin by 196.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 148 shares of the aerospace company’s stock valued at $87,000 after buying an additional 98 shares during the last quarter. American Trust boosted its position in Lockheed Martin by 20.0% during the third quarter. American Trust now owns 1,553 shares of the aerospace company’s stock worth $908,000 after acquiring an additional 259 shares during the last quarter. Old North State Trust LLC increased its stake in shares of Lockheed Martin by 4.3% in the 3rd quarter. Old North State Trust LLC now owns 745 shares of the aerospace company’s stock worth $435,000 after acquiring an additional 31 shares during the last quarter. Synovus Financial Corp grew its stake in shares of Lockheed Martin by 4.2% in the 3rd quarter. Synovus Financial Corp now owns 63,602 shares of the aerospace company’s stock valued at $37,181,000 after buying an additional 2,558 shares during the period. Finally, Tidal Investments LLC boosted its stake in Lockheed Martin by 106.0% during the third quarter. Tidal Investments LLC now owns 25,878 shares of the aerospace company’s stock worth $15,127,000 after buying an additional 13,315 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LMT shares. Citigroup upped their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Barclays boosted their target price on Lockheed Martin from $505.00 to $565.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Wells Fargo & Company lowered their price target on Lockheed Martin from $602.00 to $543.00 and set an “equal weight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $612.29.

Lockheed Martin Trading Down 0.5 %

Shares of NYSE:LMT traded down $2.43 during trading on Friday, reaching $494.15. The stock had a trading volume of 82,244 shares, compared to its average volume of 1,079,991. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The business has a fifty day moving average price of $555.00 and a 200-day moving average price of $531.74. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The stock has a market cap of $117.13 billion, a P/E ratio of 17.98, a PEG ratio of 4.13 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Lockheed Martin’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $6.77 earnings per share. As a group, analysts anticipate that Lockheed Martin Co. will post 26.88 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be issued a $3.30 dividend. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a yield of 2.67%. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s dividend payout ratio is currently 47.79%.

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.