Schrum Private Wealth Management LLC Grows Holdings in Lockheed Martin Co. (NYSE:LMT)

Schrum Private Wealth Management LLC boosted its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 34.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,472 shares of the aerospace company's stock after purchasing an additional 1,135 shares during the period. Lockheed Martin makes up 1.4% of Schrum Private Wealth Management LLC's holdings, making the stock its 16th biggest holding. Schrum Private Wealth Management LLC's holdings in Lockheed Martin were worth $2,614,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of Lockheed Martin by 130.0% during the second quarter. GAMMA Investing LLC now owns 3,572 shares of the aerospace company's stock valued at $1,668,000 after acquiring an additional 2,019 shares during the last quarter. Old West Investment Management LLC increased its position in shares of Lockheed Martin by 6.6% during the third quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company's stock valued at $15,569,000 after acquiring an additional 1,643 shares during the last quarter. Buck Wealth Strategies LLC acquired a new stake in shares of Lockheed Martin during the second quarter valued at about $6,611,000. Financial Enhancement Group LLC grew its holdings in shares of Lockheed Martin by 2,268.3% in the third quarter. Financial Enhancement Group LLC now owns 10,444 shares of the aerospace company's stock valued at $6,105,000 after purchasing an additional 10,003 shares in the last quarter. Finally, McAdam LLC grew its holdings in shares of Lockheed Martin by 101.7% in the third quarter. McAdam LLC now owns 1,178 shares of the aerospace company's stock valued at $689,000 after purchasing an additional 594 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LMT shares. Citigroup lifted their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Susquehanna dropped their price objective on shares of Lockheed Martin from $705.00 to $695.00 and set a "positive" rating for the company 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 cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 23rd. Finally, Barclays boosted their price target on shares of Lockheed Martin from $505.00 to $565.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $611.00.

Lockheed Martin Stock Down 1.5 %

Shares of NYSE:LMT traded down $8.23 during trading on Wednesday, hitting $557.73. 1,110,609 shares of the company were exchanged, compared to its average volume of 1,056,128. The firm's 50 day moving average price is $578.09 and its 200-day moving average price is $523.56. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The stock has a market capitalization of $132.20 billion, a P/E ratio of 20.19, 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.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. The firm 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%. Lockheed Martin's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.77 EPS. On average, research analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business 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. 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. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.37%. Lockheed Martin's dividend payout ratio is 47.79%.

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.