Austin Private Wealth LLC Boosts Position in Lockheed Martin Co. (NYSE:LMT)

Austin Private Wealth LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMTFree Report) by 11.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 880 shares of the aerospace company’s stock after buying an additional 93 shares during the quarter. Austin Private Wealth LLC’s holdings in Lockheed Martin were worth $394,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Paralel Advisors LLC increased its holdings in shares of Lockheed Martin by 1.1% during the 3rd quarter. Paralel Advisors LLC now owns 4,046 shares of the aerospace company’s stock valued at $1,655,000 after purchasing an additional 45 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in Lockheed Martin by 11.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 3,507 shares of the aerospace company’s stock worth $1,434,000 after acquiring an additional 368 shares in the last quarter. Consolidated Portfolio Review Corp increased its holdings in Lockheed Martin by 7.8% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 570 shares of the aerospace company’s stock worth $233,000 after acquiring an additional 41 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Lockheed Martin by 1.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,694 shares of the aerospace company’s stock worth $693,000 after acquiring an additional 26 shares in the last quarter. Finally, Paragon Private Wealth Management LLC increased its holdings in Lockheed Martin by 14.2% in the 3rd quarter. Paragon Private Wealth Management LLC now owns 570 shares of the aerospace company’s stock worth $233,000 after acquiring an additional 71 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LMT shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. UBS Group lifted their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Citigroup lifted their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $485.40.

Get Our Latest Analysis on Lockheed Martin

Lockheed Martin Trading Up 0.8 %

NYSE LMT traded up $3.91 during trading hours on Monday, reaching $471.51. The company had a trading volume of 1,027,372 shares, compared to its average volume of 1,085,594. The stock has a 50-day moving average of $464.07 and a 200 day moving average of $449.86. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The stock has a market capitalization of $113.13 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 4.39 and a beta of 0.47.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. Lockheed Martin’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.43 earnings per share. As a group, research analysts anticipate that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be issued a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Monday, June 3rd. Lockheed Martin’s payout ratio is currently 46.10%.

Lockheed Martin Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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