Accurate Wealth Management LLC Grows Stock Position in Lockheed Martin Co. (NYSE:LMT)

Accurate Wealth Management LLC raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 18.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,950 shares of the aerospace company’s stock after buying an additional 310 shares during the period. Accurate Wealth Management LLC’s holdings in Lockheed Martin were worth $1,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LMT. Mattson Financial Services LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter valued at about $27,000. Sachetta LLC increased its stake in shares of Lockheed Martin by 50.0% in the 2nd 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 increased its stake in shares of Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 25 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Lockheed Martin in the 1st quarter valued at about $30,000. Finally, Stephens Consulting LLC increased its stake in shares of Lockheed Martin by 48.9% in the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on LMT shares. Barclays boosted their price objective 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. TD Cowen upgraded Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company boosted their price objective on Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. UBS Group boosted their price objective on Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada boosted their price objective on Lockheed Martin from $600.00 to $675.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus price target of $597.92.

Lockheed Martin Trading Up 0.4 %

Shares of Lockheed Martin stock opened at $611.76 on Friday. The stock has a market cap of $146.78 billion, a P/E ratio of 22.38, a P/E/G ratio of 4.84 and a beta of 0.47. The stock’s 50 day simple moving average is $578.29 and its 200-day simple moving average is $510.27. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $614.62. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $17.05 billion. During the same period in the prior year, the firm posted $6.73 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts predict 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 issued a $3.30 dividend. The ex-dividend date is Monday, December 2nd. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a yield of 2.16%. Lockheed Martin’s dividend payout ratio is currently 48.30%.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was 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 of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by corporate insiders.

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.