Advisors Asset Management Inc. Has $23.16 Million Position in Lockheed Martin Corporation $LMT

Advisors Asset Management Inc. grew its holdings in Lockheed Martin Corporation (NYSE:LMT) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,384 shares of the aerospace company’s stock after buying an additional 1,882 shares during the quarter. Advisors Asset Management Inc.’s holdings in Lockheed Martin were worth $23,155,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Lockheed Martin by 285.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 40 shares during the period. Grey Fox Wealth Advisors LLC bought a new position in Lockheed Martin during the third quarter worth about $27,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Lockheed Martin during the 2nd quarter worth about $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter worth about $29,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at about $35,000. 74.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LMT has been the topic of several recent analyst reports. Citigroup lifted their price objective on shares of Lockheed Martin from $592.00 to $673.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Susquehanna reissued a “positive” rating and set a $660.00 price target on shares of Lockheed Martin in a research report on Thursday, January 15th. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Sunday. UBS Group raised their price objective on Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Finally, DZ Bank cut Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 target price for the company. in a research note on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $612.50.

Lockheed Martin Stock Performance

LMT opened at $630.34 on Wednesday. The company has a market capitalization of $145.03 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 1.15 and a beta of 0.23. The business’s 50-day moving average price is $533.99 and its two-hundred day moving average price is $490.10. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $646.59. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94.

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

Lockheed Martin Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.2%. Lockheed Martin’s dividend payout ratio (DPR) is 64.22%.

Lockheed Martin Profile

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.