Brooklyn Investment Group Acquires 133 Shares of Lockheed Martin Co. (NYSE:LMT)

Brooklyn Investment Group boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 9.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,582 shares of the aerospace company’s stock after acquiring an additional 133 shares during the quarter. Brooklyn Investment Group’s holdings in Lockheed Martin were worth $925,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $27,000. Sachetta LLC raised its stake in Lockheed Martin by 50.0% during the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 20 shares in the last quarter. Stephens Consulting LLC lifted its holdings in shares of Lockheed Martin by 48.9% during the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 22 shares during the period. Burkett Financial Services LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter valued at $32,000. Finally, Ridgewood Investments LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Melius Research raised Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. Citigroup raised their price target on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Melius raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective on the stock in a research note on Tuesday, September 3rd. Finally, Susquehanna lowered their target price on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research note on Wednesday, October 23rd. One 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $611.00.

Lockheed Martin Stock Down 0.3 %

Shares of NYSE:LMT opened at $520.30 on Tuesday. The company has a 50 day moving average of $572.10 and a 200-day moving average of $528.17. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The stock has a market cap of $123.33 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 4.43 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 issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating 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 company had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter in the previous year, the company posted $6.77 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, sell-side analysts forecast that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin’s payout ratio is presently 45.62%.

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.