Lockheed Martin Co. (NYSE:LMT) Shares Purchased by TrinityPoint Wealth LLC

TrinityPoint Wealth LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 179.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,690 shares of the aerospace company's stock after buying an additional 8,791 shares during the period. Lockheed Martin makes up approximately 1.2% of TrinityPoint Wealth LLC's holdings, making the stock its 15th largest position. TrinityPoint Wealth LLC's holdings in Lockheed Martin were worth $8,003,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LMT. Mattson Financial Services LLC acquired a new stake in Lockheed Martin in the second quarter valued at about $27,000. Sachetta LLC lifted its position in Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 20 shares during the period. Wiser Advisor Group LLC lifted its position in Lockheed Martin by 65.8% in the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company's stock valued at $29,000 after purchasing an additional 25 shares during the period. Stephens Consulting LLC increased its holdings in Lockheed Martin by 48.9% in the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company's stock valued at $31,000 after buying an additional 22 shares in the last quarter. Finally, Burkett Financial Services LLC purchased a new position in Lockheed Martin in the third quarter valued at about $32,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Down 0.7 %

Lockheed Martin stock traded down $3.87 during midday trading on Monday, hitting $530.96. 1,242,825 shares of the stock were exchanged, compared to its average volume of 1,064,468. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The firm has a market cap of $125.86 billion, a P/E ratio of 19.22, a P/E/G ratio of 4.37 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. The company has a 50 day moving average price of $575.61 and a two-hundred day moving average price of $525.71.

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, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the previous year, the firm earned $6.77 EPS. The company's revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed 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 represents a $13.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research analyst reports. Susquehanna dropped their target price 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. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lockheed Martin from $600.00 to $620.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. TD Cowen raised their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Melius raised shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 price objective for the company in a research note on Tuesday, September 3rd. Finally, UBS Group raised their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of "Moderate Buy" and a consensus price target 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.