Walkner Condon Financial Advisors LLC Acquires New Stake in Lockheed Martin Corporation $LMT

Walkner Condon Financial Advisors LLC purchased a new stake in Lockheed Martin Corporation (NYSE:LMT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 945 shares of the aerospace company’s stock, valued at approximately $457,000.

Several other institutional investors also recently modified their holdings of LMT. Sanders Capital LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth about $252,699,000. First Trust Advisors LP boosted its holdings in Lockheed Martin by 286.1% in the 3rd quarter. First Trust Advisors LP now owns 503,428 shares of the aerospace company’s stock valued at $251,316,000 after purchasing an additional 373,027 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Lockheed Martin by 169.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock valued at $265,030,000 after purchasing an additional 359,748 shares during the period. Canoe Financial LP bought a new stake in Lockheed Martin in the 4th quarter valued at about $166,403,000. Finally, SG Americas Securities LLC boosted its holdings in Lockheed Martin by 7,309.8% in the 4th quarter. SG Americas Securities LLC now owns 262,233 shares of the aerospace company’s stock valued at $126,834,000 after purchasing an additional 258,694 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 2.3%

Shares of NYSE LMT opened at $637.22 on Tuesday. 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 52-week low of $410.11 and a 52-week high of $692.00. The firm has a 50 day moving average price of $637.33 and a two-hundred day moving average price of $543.95. The stock has a market cap of $146.85 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.12 and a beta of 0.23.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (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 business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter last year, the company posted $7.67 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 2nd were given a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, March 2nd. Lockheed Martin’s dividend payout ratio is 64.22%.

Analyst Ratings Changes

LMT has been the subject of a number of recent research reports. DZ Bank downgraded shares of 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. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $654.00 price target on shares of Lockheed Martin in a report on Friday, February 6th. Royal Bank Of Canada upped their price target on shares of Lockheed Martin from $615.00 to $650.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. UBS Group upped their price target on shares of Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Finally, Argus upped their price target on shares of Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Seven equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $634.74.

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.