Napa Wealth Management Buys Shares of 3,881 Lockheed Martin Co. (NYSE:LMT)

Napa Wealth Management bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,881 shares of the aerospace company's stock, valued at approximately $2,269,000. Lockheed Martin comprises 1.1% of Napa Wealth Management's investment portfolio, making the stock its 20th largest position.

Several other large investors have also modified their holdings of LMT. Ameriprise Financial Inc. grew its holdings in shares of Lockheed Martin by 1.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company's stock valued at $902,714,000 after acquiring an additional 31,545 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Lockheed Martin by 60,592.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock worth $911,433,000 after purchasing an additional 1,556,609 shares during the period. Legal & General Group Plc raised its holdings in Lockheed Martin by 14.9% in the 2nd quarter. Legal & General Group Plc now owns 1,384,774 shares of the aerospace company's stock valued at $646,828,000 after acquiring an additional 180,074 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Lockheed Martin by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,169,223 shares of the aerospace company's stock worth $546,144,000 after purchasing an additional 119,052 shares during the period. Finally, Wulff Hansen & CO. boosted its position in shares of Lockheed Martin by 56,626.7% during the 2nd quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company's stock valued at $476,947,000 after acquiring an additional 1,019,281 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

Shares of LMT traded down $3.87 during trading hours on Monday, hitting $530.96. The company had a trading volume of 1,242,834 shares, compared to its average volume of 1,064,221. The firm has a market cap of $125.86 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 4.37 and a beta of 0.49. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The business has a fifty day moving average of $576.52 and a 200-day moving average of $525.23.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts' consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter last year, the firm earned $6.77 earnings per share. The company's revenue was up 1.3% on a year-over-year basis. Equities analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a $3.30 dividend. The ex-dividend date is Monday, December 2nd. This is a boost from Lockheed Martin's previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a dividend yield of 2.49%. Lockheed Martin's payout ratio is presently 47.79%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group upped their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Wells Fargo & Company increased their price target on Lockheed Martin from $483.00 to $525.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 24th. Morgan Stanley increased their price objective on shares of Lockheed Martin from $503.00 to $599.00 and gave the stock an "equal weight" rating in a research report on Friday, August 9th. Finally, Citigroup lifted their target price on Lockheed Martin from $570.00 to $700.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $611.00.

About Lockheed Martin

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.