Empower Advisory Group LLC Purchases 1,843 Shares of Lockheed Martin Co. (NYSE:LMT)

Empower Advisory Group LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,016 shares of the aerospace company's stock after buying an additional 1,843 shares during the period. Empower Advisory Group LLC's holdings in Lockheed Martin were worth $12,870,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its position in shares of Lockheed Martin by 60,592.0% during 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 purchasing an additional 1,556,609 shares during the period. Wulff Hansen & CO. increased 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 valued at $476,947,000 after purchasing an additional 1,019,281 shares during the period. Los Angeles Capital Management LLC increased 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 valued at $263,561,000 after purchasing an additional 249,591 shares during the period. Capital Research Global Investors grew its position in Lockheed Martin by 29.7% in the first quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company's stock valued at $433,621,000 after acquiring an additional 218,506 shares during the period. Finally, National Bank of Canada FI grew its position in Lockheed Martin by 219.3% in the first quarter. National Bank of Canada FI now owns 318,107 shares of the aerospace company's stock valued at $149,138,000 after acquiring an additional 218,466 shares during the period. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of analyst reports. Robert W. Baird upped their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on Lockheed Martin from $483.00 to $525.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 24th. Melius Research upgraded Lockheed Martin to a "strong-buy" rating in a research report on Tuesday, September 3rd. 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. Finally, Bank of America reiterated a "buy" rating and issued a $635.00 price target on shares of Lockheed Martin in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $611.00.

Lockheed Martin Trading Down 3.4 %

Shares of LMT traded down $18.69 during trading hours on Thursday, hitting $539.04. 1,972,419 shares of the stock traded hands, compared to its average volume of 1,060,103. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The firm has a market capitalization of $127.77 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 4.63 and a beta of 0.49. The business has a fifty day moving average of $577.75 and a 200-day moving average of $523.80.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) 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 business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the prior year, the firm posted $6.77 earnings per share. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Monday, December 2nd. This is an increase from Lockheed Martin's previous quarterly dividend of $3.15. Lockheed Martin's dividend payout ratio is currently 47.79%.

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.