Fiduciary Family Office LLC Purchases New Holdings in Lockheed Martin Co. (NYSE:LMT)

Fiduciary Family Office LLC acquired a new stake in Lockheed Martin Co. (NYSE:LMT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 993 shares of the aerospace company’s stock, valued at approximately $580,000.

A number of other hedge funds also recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its position in shares of Lockheed Martin by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company’s stock valued at $902,714,000 after buying an additional 31,545 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Lockheed Martin by 60,592.0% in the third quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company’s stock valued at $911,433,000 after buying an additional 1,556,609 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Lockheed Martin by 14.9% during the second quarter. Legal & General Group Plc now owns 1,384,774 shares of the aerospace company’s stock worth $646,828,000 after purchasing an additional 180,074 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Lockheed Martin by 11.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,169,223 shares of the aerospace company’s stock worth $546,144,000 after purchasing an additional 119,052 shares during the period. Finally, Wulff Hansen & CO. increased its stake in shares of Lockheed Martin by 56,626.7% during the second quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company’s stock worth $476,947,000 after purchasing an additional 1,019,281 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.7 %

Shares of LMT opened at $546.65 on Wednesday. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The business’s fifty day moving average is $578.67 and its 200-day moving average is $520.06. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The firm has a market cap of $129.58 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 4.46 and a beta of 0.49.

Lockheed Martin (NYSE:LMT) last issued 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 return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same quarter last year, the company posted $6.77 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a $3.30 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.41%. Lockheed Martin’s dividend payout ratio (DPR) is presently 47.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group increased their target price on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Melius upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 target price on the stock in a research note on Tuesday, September 3rd. Bank of America reiterated a “buy” rating and set a $635.00 target price on shares of Lockheed Martin in a research note on Friday, August 30th. Susquehanna lowered 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, Deutsche Bank Aktiengesellschaft raised their price objective on Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $611.00.

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.