Eubel Brady & Suttman Asset Management Inc. Increases Stock Holdings in Lockheed Martin Corporation $LMT

Eubel Brady & Suttman Asset Management Inc. increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,920 shares of the aerospace company’s stock after buying an additional 1,472 shares during the quarter. Lockheed Martin accounts for 2.3% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 20th largest holding. Eubel Brady & Suttman Asset Management Inc.’s holdings in Lockheed Martin were worth $19,928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of LMT. Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Lockheed Martin by 285.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in Lockheed Martin in the 3rd quarter worth about $27,000. Mid American Wealth Advisory Group Inc. bought a new stake in Lockheed Martin in the 2nd quarter worth about $28,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Lockheed Martin during the 2nd quarter worth approximately $29,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $35,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $628.98 on Thursday. The firm has a market capitalization of $144.72 billion, a PE ratio of 29.27, a P/E/G ratio of 1.14 and a beta of 0.23. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. The company has a 50-day moving average price of $537.63 and a two-hundred day moving average price of $491.07. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $646.59.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.33 by ($0.53). The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $7.67 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 2nd will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, March 2nd. Lockheed Martin’s dividend payout ratio (DPR) is presently 64.22%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LMT. UBS Group increased their price target on Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. TD Cowen upped their price objective on Lockheed Martin from $600.00 to $670.00 and gave the company a “hold” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. lifted their target price on Lockheed Martin from $515.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. DZ Bank downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price target on the stock. in a report on Tuesday, February 3rd. Finally, Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Six research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $612.50.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.