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

Waterway Wealth Management LLC increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 37.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 685 shares of the aerospace company’s stock after acquiring an additional 186 shares during the quarter. Waterway Wealth Management LLC’s holdings in Lockheed Martin were worth $312,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. D.B. Root & Company LLC boosted its holdings in shares of Lockheed Martin by 4.8% in the 1st quarter. D.B. Root & Company LLC now owns 3,466 shares of the aerospace company’s stock valued at $1,577,000 after purchasing an additional 158 shares during the last quarter. Trilogy Capital Inc. acquired a new position in shares of Lockheed Martin in the 1st quarter valued at $3,050,000. Red Door Wealth Management LLC boosted its holdings in shares of Lockheed Martin by 4.9% in the 1st quarter. Red Door Wealth Management LLC now owns 8,615 shares of the aerospace company’s stock valued at $3,919,000 after purchasing an additional 405 shares during the last quarter. Jeppson Wealth Management LLC boosted its holdings in shares of Lockheed Martin by 0.8% in the 1st quarter. Jeppson Wealth Management LLC now owns 21,924 shares of the aerospace company’s stock valued at $9,973,000 after purchasing an additional 173 shares during the last quarter. Finally, Cornerstone Wealth Group LLC acquired a new position in shares of Lockheed Martin in the 1st quarter valued at $707,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of a number of research analyst reports. UBS Group lifted their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. The Goldman Sachs Group reduced their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $475.00 to $518.00 in a report on Monday, April 15th. Finally, StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $485.40.

Lockheed Martin Stock Down 0.0 %

Lockheed Martin stock traded down $0.03 during midday trading on Friday, hitting $467.10. 3,472,549 shares of the stock were exchanged, compared to its average volume of 988,980. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $479.50. The firm has a market cap of $112.08 billion, a P/E ratio of 17.09, a P/E/G ratio of 4.40 and a beta of 0.47. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The company has a 50 day moving average price of $464.84 and a two-hundred day moving average price of $450.33.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter in the previous year, the firm posted $6.43 EPS. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. On average, sell-side analysts predict that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s payout ratio is currently 46.10%.

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.