Advisor OS LLC Has $595,000 Position in Lockheed Martin Corporation $LMT

Advisor OS LLC lessened its holdings in Lockheed Martin Corporation (NYSE:LMT) by 64.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,191 shares of the aerospace company’s stock after selling 2,134 shares during the period. Advisor OS LLC’s holdings in Lockheed Martin were worth $595,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LMT. Barnes Dennig Private Wealth Management LLC boosted its position in Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 40 shares during the period. Grey Fox Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin in the second quarter worth approximately $29,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Lockheed Martin during the third quarter worth approximately $35,000. Finally, MTM Investment Management LLC purchased a new position in Lockheed Martin during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on LMT. Citigroup upped their target price on Lockheed Martin from $592.00 to $673.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. boosted their target price on shares of Lockheed Martin from $515.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. TD Cowen lifted their price objective on shares of Lockheed Martin from $600.00 to $670.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Finally, Morgan Stanley set a $675.00 target price on shares of Lockheed Martin in a research report on Wednesday, February 4th. Six analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $612.50.

Lockheed Martin Trading Down 0.9%

Shares of LMT stock opened at $641.47 on Friday. The firm has a market capitalization of $147.59 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 1.17 and a beta of 0.23. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $669.75. The firm’s fifty day simple moving average is $578.05 and its 200 day simple moving average is $508.04. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05.

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). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the prior year, the business earned $7.67 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, March 2nd. Lockheed Martin’s payout ratio is currently 64.22%.

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.