BXM Wealth LLC Purchases 41,336 Shares of Lockheed Martin Corporation $LMT

BXM Wealth LLC boosted its position in Lockheed Martin Corporation (NYSE:LMTFree Report) by 6,379.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 41,984 shares of the aerospace company’s stock after purchasing an additional 41,336 shares during the period. BXM Wealth LLC’s holdings in Lockheed Martin were worth $188,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of LMT. Secure Asset Management LLC increased its holdings in shares of Lockheed Martin by 50.0% during the 4th quarter. Secure Asset Management LLC now owns 804 shares of the aerospace company’s stock worth $389,000 after acquiring an additional 268 shares during the last quarter. Trust Investment Advisors lifted its holdings in Lockheed Martin by 30.8% during the 4th quarter. Trust Investment Advisors now owns 560 shares of the aerospace company’s stock valued at $271,000 after purchasing an additional 132 shares during the last quarter. Florida Trust Wealth Management Co lifted its holdings in Lockheed Martin by 19.6% during the 4th quarter. Florida Trust Wealth Management Co now owns 21,914 shares of the aerospace company’s stock valued at $10,599,000 after purchasing an additional 3,584 shares during the last quarter. Westwood Wealth Management bought a new position in Lockheed Martin during the fourth quarter worth $205,000. Finally, Invesco LLC boosted its position in Lockheed Martin by 13.6% during the fourth quarter. Invesco LLC now owns 1,345 shares of the aerospace company’s stock worth $651,000 after purchasing an additional 161 shares during the period. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LMT. Morgan Stanley set a $675.00 price objective on shares of Lockheed Martin in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lockheed Martin from $492.00 to $611.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 22nd. Wells Fargo & Company began coverage on shares of Lockheed Martin in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price objective for the company. Finally, Robert W. Baird boosted their price objective on Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 16th. Seven equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $634.74.

View Our Latest Research Report on LMT

Lockheed Martin Stock Up 0.0%

LMT opened at $623.03 on Monday. The stock has a fifty day moving average of $636.22 and a 200-day moving average of $542.80. The company has a market capitalization of $143.58 billion, a P/E ratio of 28.99, a P/E/G ratio of 1.12 and a beta of 0.23. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09.

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

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 2nd were issued a dividend of $3.45 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $13.80 annualized dividend and a dividend yield of 2.2%. Lockheed Martin’s dividend payout ratio (DPR) is currently 64.22%.

More Lockheed Martin News

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

Lockheed Martin Company 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.

Recommended Stories

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

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.