U S Wealth Group LLC. Acquires 2,186 Shares of Lockheed Martin Corporation $LMT

U S Wealth Group LLC. raised its holdings in Lockheed Martin Corporation (NYSE:LMT) by 48.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,732 shares of the aerospace company’s stock after buying an additional 2,186 shares during the period. Lockheed Martin comprises approximately 2.2% of U S Wealth Group LLC.’s investment portfolio, making the stock its 17th biggest holding. U S Wealth Group LLC.’s holdings in Lockheed Martin were worth $3,361,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on LMT shares. Susquehanna reaffirmed a “positive” rating and set a $660.00 target price on shares of Lockheed Martin in a report on Thursday, January 15th. Sanford C. Bernstein reissued a “market perform” rating and issued a $654.00 price target on shares of Lockheed Martin in a report on Friday, February 6th. TD Cowen raised their price objective on shares of Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. DZ Bank cut Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price objective for the company. in a report on Tuesday, February 3rd. Finally, Argus upped their target price on Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Six analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $618.95.

Lockheed Martin Stock Performance

NYSE LMT opened at $636.11 on Wednesday. The firm’s 50 day simple moving average is $621.48 and its 200 day simple moving average is $528.40. The firm has a market capitalization of $146.36 billion, a price-to-earnings ratio of 29.60, a P/E/G ratio of 1.16 and a beta of 0.22. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data 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 net margin of 6.69% and a return on equity of 108.53%. The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the prior year, the firm earned $7.67 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

About Lockheed Martin

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.