Transform Wealth LLC Invests $327,000 in Lockheed Martin Co. (NYSE:LMT)

Transform Wealth LLC bought a new position in Lockheed Martin Co. (NYSE:LMT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 559 shares of the aerospace company’s stock, valued at approximately $327,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McKinley Carter Wealth Services Inc. raised its position in Lockheed Martin by 0.7% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 6,595 shares of the aerospace company’s stock worth $3,855,000 after buying an additional 44 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of Lockheed Martin by 0.7% during the third quarter. SeaCrest Wealth Management LLC now owns 3,643 shares of the aerospace company’s stock worth $2,130,000 after purchasing an additional 26 shares during the last quarter. Jamison Private Wealth Management Inc. lifted its position in Lockheed Martin by 2.6% during the third quarter. Jamison Private Wealth Management Inc. now owns 17,378 shares of the aerospace company’s stock valued at $10,158,000 after purchasing an additional 441 shares during the period. CFM Wealth Partners LLC boosted its holdings in Lockheed Martin by 13.0% in the third quarter. CFM Wealth Partners LLC now owns 1,086 shares of the aerospace company’s stock valued at $635,000 after purchasing an additional 125 shares during the last quarter. Finally, Acorn Creek Capital LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth about $235,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.3 %

Shares of LMT opened at $612.83 on Thursday. The stock has a 50 day moving average price of $575.92 and a 200 day moving average price of $508.46. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $614.62. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. The stock has a market capitalization of $147.04 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 4.84 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. The business had revenue of $18.12 billion during the quarter, compared to analyst estimates of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.73 earnings per share. Equities research analysts forecast that Lockheed Martin Co. will post 26.68 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is currently 48.30%.

Insider Transactions at Lockheed Martin

In other news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the sale, the insider now owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on LMT. Morgan Stanley raised their target price on Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. UBS Group raised their price objective on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Barclays boosted their target price on shares of Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Bank of America restated a “buy” rating and set a $635.00 price target on shares of Lockheed Martin in a research report on Friday, August 30th. Finally, Citigroup increased their target price 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $587.15.

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.