Lockheed Martin Co. (NYSE:LMT) Shares Acquired by CWS Financial Advisors LLC

CWS Financial Advisors LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 7.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,254 shares of the aerospace company’s stock after buying an additional 82 shares during the period. CWS Financial Advisors LLC’s holdings in Lockheed Martin were worth $733,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Burkett Financial Services LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at $32,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin in the 2nd quarter valued at $27,000. Sachetta LLC raised its stake in 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 during the last quarter. Stephens Consulting LLC raised its stake in 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 during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Lockheed Martin in the 3rd quarter valued at $40,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LMT has been the subject of several recent research reports. Bank of America reissued a “buy” rating and issued a $635.00 price objective on shares of Lockheed Martin in a research note on Friday, August 30th. Susquehanna reduced their price objective on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada dropped their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. upped their target price on Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average target price of $611.00.

Lockheed Martin Stock Performance

NYSE LMT opened at $525.75 on Friday. The stock has a market cap of $124.62 billion, a PE ratio of 19.04, a P/E/G ratio of 4.29 and a beta of 0.49. 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 Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The stock has a fifty day simple moving average of $569.60 and a 200-day simple moving average of $528.50.

Lockheed Martin (NYSE:LMT) last released 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 business had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $6.77 EPS. Equities analysts anticipate that Lockheed Martin Co. will post 26.94 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.51%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s dividend payout ratio (DPR) is 45.62%.

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.