Lockheed Martin Co. (NYSE:LMT) Shares Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.4% in the third quarter, HoldingsChannel.com reports. The fund owned 3,789 shares of the aerospace company’s stock after purchasing an additional 87 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Lockheed Martin were worth $2,215,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Lockheed Martin by 130.0% during the second quarter. GAMMA Investing LLC now owns 3,572 shares of the aerospace company’s stock worth $1,668,000 after acquiring an additional 2,019 shares during the period. Old West Investment Management LLC raised its position in shares of Lockheed Martin by 6.6% in the third quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company’s stock valued at $15,569,000 after buying an additional 1,643 shares during the last quarter. Buck Wealth Strategies LLC acquired a new stake in shares of Lockheed Martin in the second quarter valued at about $6,611,000. Financial Enhancement Group LLC raised its position in shares of Lockheed Martin by 2,268.3% in the third quarter. Financial Enhancement Group LLC now owns 10,444 shares of the aerospace company’s stock valued at $6,105,000 after buying an additional 10,003 shares during the last quarter. Finally, McAdam LLC raised its position in shares of Lockheed Martin by 101.7% in the third quarter. McAdam LLC now owns 1,178 shares of the aerospace company’s stock valued at $689,000 after buying an additional 594 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Susquehanna reduced their target price on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. Melius upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective for the company in a research report on Tuesday, September 3rd. Citigroup raised their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their price objective on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Finally, Robert W. Baird raised their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and an average price target of $611.00.

Lockheed Martin Trading Down 0.8 %

NYSE LMT opened at $566.07 on Wednesday. The firm has a 50 day simple moving average of $578.11 and a 200-day simple moving average of $522.83. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The firm has a market cap of $134.18 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 4.67 and a beta of 0.49.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $6.77 earnings per share. Equities research analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current fiscal 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 $3.30 dividend. This is a boost 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 yield of 2.33%. Lockheed Martin’s dividend payout ratio (DPR) is 45.62%.

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.