Buck Wealth Strategies LLC Has $7.21 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

Buck Wealth Strategies LLC trimmed its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 12.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,326 shares of the aerospace company's stock after selling 1,825 shares during the period. Lockheed Martin comprises about 2.3% of Buck Wealth Strategies LLC's investment portfolio, making the stock its 18th largest position. Buck Wealth Strategies LLC's holdings in Lockheed Martin were worth $7,207,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. International Assets Investment Management LLC grew its position in Lockheed Martin by 60,592.0% in the third quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock valued at $911,433,000 after acquiring an additional 1,556,609 shares in the last quarter. Wulff Hansen & CO. grew its position in shares of Lockheed Martin by 56,626.7% during the second quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company's stock worth $476,947,000 after buying an additional 1,019,281 shares in the last quarter. Los Angeles Capital Management LLC grew its position in shares of Lockheed Martin by 124.0% during the third quarter. Los Angeles Capital Management LLC now owns 450,870 shares of the aerospace company's stock worth $263,561,000 after buying an additional 249,591 shares in the last quarter. Capital Research Global Investors grew its position in shares of Lockheed Martin by 29.7% during the first quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company's stock worth $433,621,000 after buying an additional 218,506 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in Lockheed Martin by 219.3% during the first quarter. National Bank of Canada FI now owns 318,107 shares of the aerospace company's stock worth $149,138,000 after purchasing an additional 218,466 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LMT shares. Melius upgraded Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 target price on the stock in a research note on Tuesday, September 3rd. Bank of America reissued a "buy" rating and issued a $635.00 price target on shares of Lockheed Martin in a research note on Friday, August 30th. Susquehanna decreased their price objective on Lockheed Martin from $705.00 to $695.00 and set a "positive" rating for the company in a research report on Wednesday, October 23rd. StockNews.com lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Lockheed Martin from $600.00 to $620.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $611.00.

Lockheed Martin Price Performance

Lockheed Martin stock traded down $8.52 during mid-day trading on Wednesday, reaching $557.44. 537,167 shares of the company were exchanged, compared to its average volume of 1,053,487. The firm has a market cap of $132.14 billion, a PE ratio of 20.20, a PEG ratio of 4.63 and a beta of 0.49. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The company has a fifty day simple moving average of $578.09 and a 200-day simple moving average of $523.56. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion during the quarter, compared to analysts' expectations of $17.38 billion. During the same period in the previous year, the firm earned $6.77 EPS. The company's quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.37%. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.15. Lockheed Martin's payout ratio is currently 45.62%.

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.