Darwin Wealth Management LLC Purchases New Holdings in Lockheed Martin Co. (NYSE:LMT)

Darwin Wealth Management LLC bought a new position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,049 shares of the aerospace company's stock, valued at approximately $613,000.

Other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its position in Lockheed Martin by 1.7% in 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 grew its stake in Lockheed Martin by 60,592.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock valued at $911,433,000 after buying an additional 1,556,609 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Lockheed Martin by 14.9% during the 2nd quarter. Legal & General Group Plc now owns 1,384,774 shares of the aerospace company's stock worth $646,828,000 after acquiring an additional 180,074 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Lockheed Martin by 11.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,169,223 shares of the aerospace company's stock worth $546,144,000 after acquiring an additional 119,052 shares during the period. Finally, Wulff Hansen & CO. lifted its stake in Lockheed Martin by 56,626.7% in the 2nd quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company's stock valued at $476,947,000 after purchasing an additional 1,019,281 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Up 0.3 %

Shares of NYSE LMT traded up $1.63 on Wednesday, reaching $534.89. 994,314 shares of the company's stock traded hands, compared to its average volume of 1,063,588. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The business's 50 day simple moving average is $574.83 and its two-hundred day simple moving average is $526.21. The company has a market cap of $126.79 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth 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 (NYSE:LMT - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.77 earnings per share. As a group, equities research analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Lockheed Martin's previous quarterly dividend of $3.15. Lockheed Martin's dividend payout ratio (DPR) is currently 45.62%.

Analysts Set New Price Targets

Several research firms have recently weighed in on LMT. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lockheed Martin from $600.00 to $620.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. UBS Group lifted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Morgan Stanley lifted their price objective on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an "equal weight" rating in a report on Friday, August 9th. StockNews.com lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, October 23rd. Finally, TD Cowen lifted their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Lockheed Martin has an average rating of "Moderate Buy" and an average target price of $611.00.

Lockheed Martin 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.