CWC Advisors LLC. Purchases New Position in Lockheed Martin Co. (NYSE:LMT)

CWC Advisors LLC. purchased a new stake in Lockheed Martin Co. (NYSE:LMT) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,419 shares of the aerospace company’s stock, valued at approximately $829,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Burford Brothers Inc. lifted its stake in Lockheed Martin by 6.7% in the third quarter. Burford Brothers Inc. now owns 2,873 shares of the aerospace company’s stock valued at $1,679,000 after buying an additional 180 shares during the last quarter. Country Club Bank lifted its stake in Lockheed Martin by 11.6% in the third quarter. Country Club Bank now owns 4,342 shares of the aerospace company’s stock valued at $2,529,000 after buying an additional 452 shares during the last quarter. Bank of Stockton purchased a new stake in Lockheed Martin in the third quarter valued at approximately $372,000. Tandem Capital Management Corp ADV lifted its stake in Lockheed Martin by 5.3% in the third quarter. Tandem Capital Management Corp ADV now owns 1,011 shares of the aerospace company’s stock valued at $591,000 after buying an additional 51 shares during the last quarter. Finally, Canal Capital Management LLC lifted its stake in Lockheed Martin by 3.5% in the third quarter. Canal Capital Management LLC now owns 15,425 shares of the aerospace company’s stock valued at $9,017,000 after buying an additional 527 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.3 %

Lockheed Martin stock opened at $562.29 on Friday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.07 and a current ratio of 1.30. The firm has a market capitalization of $134.03 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 4.62 and a beta of 0.47. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The stock’s fifty day moving average is $580.07 and its two-hundred day moving average is $514.62.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.77 earnings per share. Analysts predict that Lockheed Martin Co. will post 26.65 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be paid a dividend of $3.30 per share. The ex-dividend date is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.62%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. UBS Group boosted their price objective on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday. Susquehanna cut their price target on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Barclays upped their price target on Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Finally, Melius upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price target for the company in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $606.71.

Lockheed Martin Profile

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.