Caprock Group LLC Increases Holdings in Lockheed Martin Co. (NYSE:LMT)

Caprock Group LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 6.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 7,249 shares of the aerospace company’s stock after buying an additional 440 shares during the quarter. Caprock Group LLC’s holdings in Lockheed Martin were worth $4,238,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin during the 2nd quarter valued at approximately $27,000. Sachetta LLC grew its holdings in Lockheed Martin by 50.0% during the second 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 period. Wiser Advisor Group LLC increased its position in Lockheed Martin by 65.8% in the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after buying an additional 25 shares during the last quarter. Stephens Consulting LLC raised its stake in shares of Lockheed Martin by 48.9% in the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after buying an additional 22 shares during the period. Finally, Burkett Financial Services LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at $32,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.7 %

LMT stock opened at $530.96 on Tuesday. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The company has a market capitalization of $125.86 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 4.37 and a beta of 0.49. The company’s 50 day moving average price is $575.61 and its two-hundred day moving average price is $525.71. 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 (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share 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 during the quarter, compared to the consensus estimate of $17.38 billion. During the same period in the previous year, the firm posted $6.77 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be given a $3.30 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 annualized dividend and a yield of 2.49%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s payout ratio is presently 45.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Susquehanna decreased their price objective on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a report on Wednesday, October 23rd. Melius raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective for the company in a report on Tuesday, September 3rd. Barclays boosted their target price on shares of Lockheed Martin from $505.00 to $565.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. UBS Group lifted their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. One 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 given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $611.00.

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.