Evergreen Wealth Management LLC Has $3.77 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Evergreen Wealth Management LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 19.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,440 shares of the aerospace company's stock after purchasing an additional 1,057 shares during the quarter. Lockheed Martin accounts for about 2.3% of Evergreen Wealth Management LLC's portfolio, making the stock its 17th biggest position. Evergreen Wealth Management LLC's holdings in Lockheed Martin were worth $3,765,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. increased its position in shares of Lockheed Martin by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company's stock worth $902,714,000 after acquiring an additional 31,545 shares in the last quarter. International Assets Investment Management LLC grew its stake 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 acquiring an additional 1,556,609 shares in the last quarter. Legal & General Group Plc grew its stake 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 in the last quarter. Dimensional Fund Advisors LP grew its stake 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 in the last quarter. Finally, Wulff Hansen & CO. grew its stake 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 worth $476,947,000 after acquiring an additional 1,019,281 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

LMT traded down $4.16 during trading on Friday, hitting $534.83. The stock had a trading volume of 1,757,312 shares, compared to its average volume of 1,063,416. 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 firm has a market cap of $126.78 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 4.56 and a beta of 0.49. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The company has a 50 day moving average price of $576.52 and a 200-day moving average price of $524.37.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 101.44% and a net margin of 9.36%. The company's revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $6.77 EPS. As a group, research analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently declared 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. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.47%. Lockheed Martin's dividend payout ratio (DPR) is currently 45.62%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LMT. TD Cowen raised their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Susquehanna decreased their price target on Lockheed Martin from $705.00 to $695.00 and set a "positive" rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on Lockheed Martin from $560.00 to $630.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Citigroup raised their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Finally, Melius Research raised shares of Lockheed Martin to a "strong-buy" rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.