Lockheed Martin Corporation $LMT Stock Position Lifted by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. lifted its position in Lockheed Martin Corporation (NYSE:LMT) by 32.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,613 shares of the aerospace company’s stock after acquiring an additional 879 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in Lockheed Martin were worth $1,804,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Old North State Wealth Management LLC lifted its stake in Lockheed Martin by 2.0% during the third quarter. Old North State Wealth Management LLC now owns 1,073 shares of the aerospace company’s stock worth $539,000 after purchasing an additional 21 shares during the last quarter. GS Investments Inc. increased its stake in Lockheed Martin by 1.0% during the third quarter. GS Investments Inc. now owns 2,231 shares of the aerospace company’s stock valued at $1,114,000 after purchasing an additional 22 shares during the last quarter. Barnes Wealth Management Group Inc raised its holdings in shares of Lockheed Martin by 4.2% during the second quarter. Barnes Wealth Management Group Inc now owns 567 shares of the aerospace company’s stock worth $263,000 after purchasing an additional 23 shares during the period. Collective Family Office LLC raised its holdings in shares of Lockheed Martin by 4.6% during the third quarter. Collective Family Office LLC now owns 527 shares of the aerospace company’s stock worth $263,000 after purchasing an additional 23 shares during the period. Finally, Financial Partners Group Inc lifted its position in shares of Lockheed Martin by 4.3% in the 3rd quarter. Financial Partners Group Inc now owns 555 shares of the aerospace company’s stock worth $277,000 after buying an additional 23 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $645.16 on Tuesday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. The stock has a market cap of $148.44 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 1.16 and a beta of 0.22. The company’s 50-day moving average price is $619.20 and its two-hundred day moving average price is $527.13.

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 company 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%. Lockheed Martin’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $7.67 EPS. As a group, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, March 2nd. Lockheed Martin’s dividend payout ratio (DPR) is presently 64.22%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LMT. Citigroup boosted their price objective on Lockheed Martin from $592.00 to $673.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. DZ Bank cut Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 target price on the stock. in a research note on Tuesday, February 3rd. Weiss Ratings downgraded shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $654.00 price objective on shares of Lockheed Martin in a report on Friday, February 6th. Finally, Truist Financial boosted their target price on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus price target of $618.95.

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.