Lockheed Martin Co. (NYSE:LMT) Holdings Increased by FCG Investment Co

FCG Investment Co increased its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 35.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,057 shares of the aerospace company's stock after acquiring an additional 1,315 shares during the quarter. Lockheed Martin accounts for approximately 1.9% of FCG Investment Co's portfolio, making the stock its 10th largest position. FCG Investment Co's holdings in Lockheed Martin were worth $2,956,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LMT. Stokes Family Office LLC acquired a new position in shares of Lockheed Martin during the first quarter worth approximately $425,000. LVW Advisors LLC raised its holdings in Lockheed Martin by 23.8% during the first quarter. LVW Advisors LLC now owns 972 shares of the aerospace company's stock worth $442,000 after buying an additional 187 shares during the last quarter. BKM Wealth Management LLC lifted its stake in shares of Lockheed Martin by 103.5% in the first quarter. BKM Wealth Management LLC now owns 523 shares of the aerospace company's stock valued at $238,000 after buying an additional 266 shares in the last quarter. Eagle Capital Management LLC grew its holdings in shares of Lockheed Martin by 1.0% during the first quarter. Eagle Capital Management LLC now owns 10,838 shares of the aerospace company's stock valued at $4,930,000 after buying an additional 106 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Lockheed Martin by 17.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 193,600 shares of the aerospace company's stock worth $88,063,000 after acquiring an additional 28,697 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

NYSE LMT traded down $7.12 during trading on Monday, hitting $555.17. 1,264,805 shares of the company's stock traded hands, compared to its average volume of 1,056,083. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.07 and a current ratio of 1.30. The stock has a market capitalization of $133.21 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 4.62 and a beta of 0.47. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The business has a 50 day moving average of $580.07 and a 200-day moving average of $515.53.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating analysts' consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion for the quarter, compared to analysts' expectations of $17.38 billion. During the same period in the prior year, the company posted $6.77 EPS. Lockheed Martin's revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal 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 paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.38%. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin's payout ratio is presently 48.30%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LMT. UBS Group increased their price objective on Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Melius upgraded Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 price objective on the stock in a research note on Tuesday, September 3rd. Susquehanna reduced their target price on shares of Lockheed Martin from $705.00 to $695.00 and set a "positive" rating for the company in a research note on Wednesday, October 23rd. Barclays raised their price target on shares of Lockheed Martin from $480.00 to $505.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, four have issued 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.com, the company currently has an average rating of "Moderate Buy" and an average price target of $606.71.

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.