Maia Wealth LLC Has $2.11 Million Position in Lockheed Martin Co. (NYSE:LMT)

Maia Wealth LLC reduced its holdings in Lockheed Martin Co. (NYSE:LMT) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,740 shares of the aerospace company’s stock after selling 42 shares during the period. Maia Wealth LLC’s holdings in Lockheed Martin were worth $2,110,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LMT. Stokes Family Office LLC acquired a new position in Lockheed Martin in the first quarter valued at approximately $425,000. Norden Group LLC raised its holdings in Lockheed Martin by 96.0% in the first quarter. Norden Group LLC now owns 1,186 shares of the aerospace company’s stock worth $540,000 after purchasing an additional 581 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Lockheed Martin in the first quarter worth $251,000. Larson Financial Group LLC raised its holdings in Lockheed Martin by 233.6% in the first 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 Lockheed Martin by 1.8% in the first 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 currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Lockheed Martin stock traded up $0.09 during midday trading on Wednesday, hitting $546.84. The company’s stock had a trading volume of 249,570 shares, compared to its average volume of 1,048,551. The company has a 50-day moving average price of $578.67 and a two-hundred day moving average price of $520.06. The company has a market cap of $129.62 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 4.46 and a beta of 0.49. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the previous year, the firm posted $6.77 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Increases Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Monday, December 2nd. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s payout ratio is presently 47.79%.

Wall Street Analyst Weigh In

Several research firms have weighed in on LMT. Bank of America reiterated a “buy” rating and issued a $635.00 target price on shares of Lockheed Martin in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. UBS Group increased their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Citigroup increased their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada lowered their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $611.00.

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.