Stratos Wealth Partners LTD. Grows Stock Holdings in Lockheed Martin Corporation $LMT

Stratos Wealth Partners LTD. grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 18.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,254 shares of the aerospace company’s stock after purchasing an additional 1,761 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Lockheed Martin were worth $5,618,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Stratos Wealth Advisors LLC boosted its stake in Lockheed Martin by 9.5% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,095 shares of the aerospace company’s stock worth $547,000 after buying an additional 95 shares during the last quarter. Stratos Investment Management LLC boosted its position in shares of Lockheed Martin by 3.4% in the third quarter. Stratos Investment Management LLC now owns 3,469 shares of the aerospace company’s stock worth $1,732,000 after acquiring an additional 115 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in shares of Lockheed Martin in the third quarter worth approximately $361,000. Wealthstream Advisors Inc. purchased a new stake in Lockheed Martin in the third quarter valued at approximately $201,000. Finally, Opinicus Capital Inc. increased its position in Lockheed Martin by 1.9% during the third quarter. Opinicus Capital Inc. now owns 1,454 shares of the aerospace company’s stock worth $726,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT stock opened at $637.25 on Friday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $646.59. The firm has a market cap of $146.62 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.14 and a beta of 0.23. The stock has a 50-day simple moving average of $541.42 and a 200-day simple moving average of $492.08.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period last year, the firm posted $7.67 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be issued a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, March 2nd. Lockheed Martin’s dividend payout ratio (DPR) is presently 64.22%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Susquehanna reissued a “positive” rating and set a $660.00 price objective on shares of Lockheed Martin in a research note on Thursday, January 15th. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft upped their price target on Lockheed Martin from $492.00 to $611.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Citigroup lifted their price objective on Lockheed Martin from $592.00 to $673.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Finally, Jefferies Financial Group increased their target price on shares of Lockheed Martin from $540.00 to $630.00 and gave the stock a “hold” rating in a research report on Sunday, February 1st. Six equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $612.50.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.