Marshall Investment Management LLC Purchases Shares of 836 Lockheed Martin Corporation $LMT

Marshall Investment Management LLC purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the third quarter, HoldingsChannel reports. The institutional investor purchased 836 shares of the aerospace company’s stock, valued at approximately $417,000.

Several other hedge funds have also made changes to their positions in the business. Old North State Wealth Management LLC increased its stake in Lockheed Martin by 2.0% in the third quarter. Old North State Wealth Management LLC now owns 1,073 shares of the aerospace company’s stock valued at $539,000 after purchasing an additional 21 shares during the last quarter. GS Investments Inc. boosted its stake in Lockheed Martin by 1.0% in the 3rd quarter. GS Investments Inc. now owns 2,231 shares of the aerospace company’s stock worth $1,114,000 after buying an additional 22 shares during the last quarter. Barnes Wealth Management Group Inc grew its holdings in Lockheed Martin by 4.2% in the 2nd quarter. Barnes Wealth Management Group Inc now owns 567 shares of the aerospace company’s stock valued at $263,000 after buying an additional 23 shares during the period. Collective Family Office LLC grew its holdings in Lockheed Martin by 4.6% in the 3rd quarter. Collective Family Office LLC now owns 527 shares of the aerospace company’s stock valued at $263,000 after buying an additional 23 shares during the period. Finally, Financial Partners Group Inc increased its stake in shares of Lockheed Martin by 4.3% during the 3rd quarter. Financial Partners Group Inc now owns 555 shares of the aerospace company’s stock valued at $277,000 after acquiring an additional 23 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.1%

LMT opened at $645.16 on Tuesday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00. The firm has a 50 day moving average price of $619.20 and a 200 day moving average price of $527.13. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. The company has a market cap of $148.44 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 1.16 and a beta of 0.22.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The business 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 earned $7.67 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Sell-side analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 2nd will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, March 2nd. Lockheed Martin’s dividend payout ratio (DPR) is currently 64.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LMT shares. UBS Group raised their target price on shares of Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Jefferies Financial Group upped their price target 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. TD Cowen increased their price target on shares of Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. The Goldman Sachs Group lifted their price target on shares of Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a report on Monday, February 2nd. Finally, Morgan Stanley set a $675.00 price objective on shares of Lockheed Martin in a research note on Wednesday, February 4th. Six investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $618.95.

Lockheed Martin 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.