EverSource Wealth Advisors LLC Has $1.82 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

EverSource Wealth Advisors LLC lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,115 shares of the aerospace company’s stock after purchasing an additional 95 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Lockheed Martin were worth $1,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of LMT. Darwin Wealth Management LLC acquired a new stake in Lockheed Martin in the 3rd quarter valued at $613,000. First Horizon Advisors Inc. boosted its stake in Lockheed Martin by 0.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 67,182 shares of the aerospace company’s stock valued at $39,273,000 after buying an additional 275 shares in the last quarter. Howe & Rusling Inc. boosted its stake in Lockheed Martin by 24.7% in the 3rd quarter. Howe & Rusling Inc. now owns 3,037 shares of the aerospace company’s stock valued at $1,775,000 after buying an additional 602 shares in the last quarter. Kirtland Hills Capital Management LLC boosted its stake in Lockheed Martin by 1.2% in the 3rd quarter. Kirtland Hills Capital Management LLC now owns 4,108 shares of the aerospace company’s stock valued at $2,401,000 after buying an additional 48 shares in the last quarter. Finally, MWA Asset Management boosted its stake in Lockheed Martin by 1.6% in the 3rd quarter. MWA Asset Management now owns 2,079 shares of the aerospace company’s stock valued at $1,215,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.3 %

Shares of Lockheed Martin stock opened at $534.89 on Thursday. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The business has a 50-day moving average of $574.19 and a two-hundred day moving average of $526.27. The company has a market capitalization of $126.79 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 4.36 and a beta of 0.49. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data 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. The company had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.77 earnings per share. As a group, equities analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently declared 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. 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 yield of 2.47%. Lockheed Martin’s dividend payout ratio is 45.62%.

Wall Street Analyst Weigh In

LMT has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Morgan Stanley boosted their price objective on Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Robert W. Baird boosted their price objective on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Melius Research raised Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, TD Cowen boosted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. One 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 assigned a strong buy rating to the company. According to MarketBeat, the company presently 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.