Truvestments Capital LLC Buys 958 Shares of Lockheed Martin Co. (NYSE:LMT)

Truvestments Capital LLC boosted its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 18.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,118 shares of the aerospace company's stock after purchasing an additional 958 shares during the quarter. Lockheed Martin comprises 1.0% of Truvestments Capital LLC's holdings, making the stock its 20th biggest position. Truvestments Capital LLC's holdings in Lockheed Martin were worth $3,577,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mattson Financial Services LLC acquired a new position in Lockheed Martin in the second quarter valued at about $27,000. Sachetta LLC raised its holdings in Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock worth $28,000 after buying an additional 20 shares during the period. Wiser Advisor Group LLC boosted its holdings in shares of 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 buying an additional 25 shares during the period. Stephens Consulting LLC increased its position in shares of Lockheed Martin by 48.9% during the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company's stock worth $31,000 after acquiring an additional 22 shares in the last quarter. Finally, Burkett Financial Services LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth $32,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LMT. JPMorgan Chase & Co. increased their target price on Lockheed Martin from $560.00 to $630.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. Melius Research raised Lockheed Martin to a "strong-buy" rating in a research report on Tuesday, September 3rd. Royal Bank of Canada cut their target price on Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Citigroup raised their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Finally, TD Cowen increased their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $611.00.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded down $20.33 on Monday, hitting $521.89. The company had a trading volume of 3,606,065 shares, compared to its average volume of 1,076,959. The stock has a 50 day moving average price of $573.12 and a 200 day moving average price of $527.79. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The stock has a market cap of $123.71 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 4.43 and a beta of 0.49. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.50 by $0.34. The company had revenue of $17.10 billion during the quarter, compared to analysts' expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business's revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.77 earnings per share. Analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be paid a $3.30 dividend. The ex-dividend date is Monday, December 2nd. This is an increase from Lockheed Martin's previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a dividend yield of 2.53%. Lockheed Martin's dividend payout ratio is 45.62%.

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.