CFS Investment Advisory Services LLC Has $625,000 Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

CFS Investment Advisory Services LLC grew its stake in Lockheed Martin Co. (NYSE:LMT) by 59.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,070 shares of the aerospace company’s stock after acquiring an additional 398 shares during the period. CFS Investment Advisory Services LLC’s holdings in Lockheed Martin were worth $625,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LMT. Raymond James Trust N.A. increased its position in shares of Lockheed Martin by 0.7% during the 3rd quarter. Raymond James Trust N.A. now owns 28,650 shares of the aerospace company’s stock worth $16,748,000 after purchasing an additional 194 shares during the last quarter. First County Bank CT bought a new position in shares of Lockheed Martin in the third quarter valued at $257,000. 49 Wealth Management LLC acquired a new position in Lockheed Martin during the third quarter worth $316,000. Activest Wealth Management raised its position in Lockheed Martin by 109.6% during the third quarter. Activest Wealth Management now owns 153 shares of the aerospace company’s stock worth $89,000 after acquiring an additional 80 shares in the last quarter. Finally, L & S Advisors Inc acquired a new stake in Lockheed Martin in the third quarter valued at $8,636,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LMT shares. JPMorgan Chase & Co. boosted their price target on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Citigroup increased their price objective on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. UBS Group boosted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Barclays raised their target price on shares of Lockheed Martin from $505.00 to $565.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Finally, Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and an average target price of $611.00.

Lockheed Martin Stock Performance

NYSE LMT opened at $542.22 on Friday. The company has a market cap of $128.53 billion, a P/E ratio of 19.63, a PEG ratio of 4.43 and a beta of 0.49. The company has a fifty day simple moving average of $573.12 and a 200 day simple moving average of $526.94. 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 12-month low of $413.92 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates 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 for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $6.77 EPS. Sell-side 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 announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be given a dividend of $3.30 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.43%. Lockheed Martin’s payout ratio is presently 45.62%.

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.