BCS Wealth Management Has $1.34 Million Position in Lockheed Martin Corporation $LMT

BCS Wealth Management increased its position in Lockheed Martin Corporation (NYSE:LMTFree Report) by 104.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,770 shares of the aerospace company’s stock after buying an additional 1,413 shares during the period. BCS Wealth Management’s holdings in Lockheed Martin were worth $1,340,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. grew its stake in shares of Lockheed Martin by 3.2% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 583 shares of the aerospace company’s stock valued at $282,000 after buying an additional 18 shares during the period. McGlone Suttner Wealth Management Inc. grew its stake in shares of Lockheed Martin by 2.0% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 985 shares of the aerospace company’s stock valued at $476,000 after buying an additional 19 shares during the period. Sheets Smith Wealth Management grew its stake in shares of Lockheed Martin by 2.2% in the 4th quarter. Sheets Smith Wealth Management now owns 873 shares of the aerospace company’s stock valued at $422,000 after buying an additional 19 shares during the period. Fulton Breakefield Broenniman LLC lifted its position in Lockheed Martin by 2.3% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 852 shares of the aerospace company’s stock valued at $412,000 after acquiring an additional 19 shares in the last quarter. Finally, Wealth Advisory Solutions LLC lifted its position in Lockheed Martin by 3.7% in the 4th quarter. Wealth Advisory Solutions LLC now owns 554 shares of the aerospace company’s stock valued at $268,000 after acquiring an additional 20 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LMT shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. raised their price target on shares of Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Jefferies Financial Group raised their price target on shares of Lockheed Martin from $630.00 to $640.00 and gave the company a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Finally, Morgan Stanley set a $675.00 price target on shares of Lockheed Martin in a research report on Wednesday, February 4th. Seven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $645.79.

Check Out Our Latest Stock Analysis on LMT

Lockheed Martin Price Performance

Lockheed Martin stock opened at $611.27 on Thursday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The company’s 50 day moving average price is $637.67 and its two-hundred day moving average price is $550.20. 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 stock has a market cap of $140.87 billion, a P/E ratio of 28.44, a P/E/G ratio of 1.09 and a beta of 0.23.

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

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 2nd were paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, March 2nd. Lockheed Martin’s payout ratio is currently 64.22%.

Lockheed Martin News Summary

Here are the key news stories impacting Lockheed Martin this week:

Lockheed Martin Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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