Stockman Wealth Management Inc. Increases Stake in Lockheed Martin Co. (NYSE:LMT)

Stockman Wealth Management Inc. grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,937 shares of the aerospace company’s stock after buying an additional 331 shares during the quarter. Lockheed Martin accounts for 1.6% of Stockman Wealth Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Stockman Wealth Management Inc.’s holdings in Lockheed Martin were worth $10,485,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. raised its position in Lockheed Martin by 77.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 7,113 shares of the aerospace company’s stock worth $4,158,000 after buying an additional 3,113 shares during the last quarter. Brickley Wealth Management purchased a new position in shares of Lockheed Martin in the 3rd quarter valued at about $216,000. Tyler Stone Wealth Management increased its holdings in shares of Lockheed Martin by 105.7% in the 3rd quarter. Tyler Stone Wealth Management now owns 691 shares of the aerospace company’s stock valued at $404,000 after purchasing an additional 355 shares in the last quarter. Baker Avenue Asset Management LP increased its holdings in shares of Lockheed Martin by 130.2% in the 3rd quarter. Baker Avenue Asset Management LP now owns 1,411 shares of the aerospace company’s stock valued at $825,000 after purchasing an additional 798 shares in the last quarter. Finally, Colonial River Investments LLC increased its holdings in shares of Lockheed Martin by 142.6% in the 3rd quarter. Colonial River Investments LLC now owns 1,669 shares of the aerospace company’s stock valued at $976,000 after purchasing an additional 981 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 2.3 %

Shares of Lockheed Martin stock traded up $12.72 during mid-day trading on Friday, hitting $564.56. 1,166,089 shares of the stock were exchanged, compared to its average volume of 1,011,745. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The stock has a market capitalization of $133.82 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 4.51 and a beta of 0.49. The company has a 50-day simple moving average of $578.06 and a 200 day simple moving average of $521.64. 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 (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping 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 business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same period last year, the company earned $6.77 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Research analysts forecast that Lockheed Martin Co. will post 26.89 EPS 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 $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 annualized dividend and a dividend yield of 2.34%. Lockheed Martin’s dividend payout ratio (DPR) is currently 47.79%.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Royal Bank of Canada cut their price target on shares of 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 shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. Barclays increased their price objective on shares of Lockheed Martin from $505.00 to $565.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company increased their price objective on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target of $611.00.

Lockheed Martin Company 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.