Integrated Investment Consultants LLC Invests $8.56 Million in Lockheed Martin Co. (NYSE:LMT)

Integrated Investment Consultants LLC bought a new stake in Lockheed Martin Co. (NYSE:LMTFree Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,637 shares of the aerospace company’s stock, valued at approximately $8,556,000. Lockheed Martin accounts for approximately 0.2% of Integrated Investment Consultants LLC’s holdings, making the stock its 29th largest position.

Other hedge funds also recently modified their holdings of the company. Wellington Wealth Strategies LLC. bought a new position in Lockheed Martin during the first quarter worth about $271,000. Axxcess Wealth Management LLC boosted its stake in Lockheed Martin by 3.0% in the 1st quarter. Axxcess Wealth Management LLC now owns 9,412 shares of the aerospace company’s stock valued at $4,281,000 after buying an additional 276 shares in the last quarter. Capital Research Global Investors grew its position in Lockheed Martin by 29.7% in the first quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company’s stock valued at $433,621,000 after acquiring an additional 218,506 shares during the period. Canada Pension Plan Investment Board raised its stake in Lockheed Martin by 7.4% during the first quarter. Canada Pension Plan Investment Board now owns 324,493 shares of the aerospace company’s stock worth $147,602,000 after acquiring an additional 22,293 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC lifted its holdings in shares of Lockheed Martin by 9.3% during the first quarter. Stonebridge Capital Advisors LLC now owns 714 shares of the aerospace company’s stock valued at $325,000 after acquiring an additional 61 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of several analyst reports. Robert W. Baird increased their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company raised their price target on Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Susquehanna reduced their price objective on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a research note on Wednesday, October 23rd. Finally, Melius upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 target price for the company in a research note on Tuesday, September 3rd. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average target price of $611.00.

Get Our Latest Analysis on Lockheed Martin

Lockheed Martin Stock Up 0.3 %

Shares of NYSE LMT opened at $534.89 on Thursday. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The firm’s 50-day moving average is $574.19 and its 200-day moving average is $526.27. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $126.79 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 4.36 and a beta of 0.49.

Lockheed Martin (NYSE:LMTGet Free Report) last announced 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 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% compared to the same quarter last year. During the same period last year, the firm posted $6.77 earnings per share. Equities analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.47%. Lockheed Martin’s dividend payout ratio is currently 45.62%.

Lockheed Martin Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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