Financially Speaking Inc Makes New $187,000 Investment in Lockheed Martin Corporation (NYSE:LMT)

Financially Speaking Inc purchased a new position in Lockheed Martin Corporation (NYSE:LMT) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 419 shares of the aerospace company’s stock, valued at approximately $187,000. Lockheed Martin accounts for 0.1% of Financially Speaking Inc’s investment portfolio, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. TruNorth Capital Management LLC purchased a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $35,000. Redwood Park Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $40,000. Banque Transatlantique SA purchased a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $43,000. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $43,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the topic of several recent research reports. Jefferies Financial Group decreased their price target on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating on the stock in a report on Monday, April 28th. Cowen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Royal Bank Of Canada decreased their price target on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Finally, Susquehanna decreased their price target on Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. Fifteen investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $506.65.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $421.60 on Monday. The firm has a market cap of $98.43 billion, a P/E ratio of 23.74, a P/E/G ratio of 1.48 and a beta of 0.28. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The stock’s fifty day moving average price is $465.80 and its 200-day moving average price is $462.62.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $7.11 earnings per share. On average, equities research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin’s payout ratio is currently 74.32%.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.