Pathway Financial Advisers LLC Has $5.68 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Pathway Financial Advisers LLC grew its position in Lockheed Martin Co. (NYSE:LMT) by 6.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,719 shares of the aerospace company’s stock after buying an additional 627 shares during the period. Pathway Financial Advisers LLC’s holdings in Lockheed Martin were worth $5,681,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LMT. Stokes Family Office LLC bought a new stake in Lockheed Martin in the first quarter valued at about $425,000. Hennessy Advisors Inc. bought a new position in Lockheed Martin during the 1st quarter worth approximately $2,775,000. Webster Bank N. A. grew its holdings in Lockheed Martin by 34.7% during the first quarter. Webster Bank N. A. now owns 194 shares of the aerospace company’s stock valued at $88,000 after purchasing an additional 50 shares during the period. Chemung Canal Trust Co. increased its stake in Lockheed Martin by 3.4% in the first quarter. Chemung Canal Trust Co. now owns 2,199 shares of the aerospace company’s stock valued at $1,000,000 after purchasing an additional 73 shares in the last quarter. Finally, Vicus Capital raised its holdings in Lockheed Martin by 9.7% in the first quarter. Vicus Capital now owns 2,388 shares of the aerospace company’s stock worth $1,086,000 after purchasing an additional 212 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT traded down $1.92 during trading hours on Friday, hitting $562.29. The company had a trading volume of 1,077,563 shares, compared to its average volume of 1,054,995. The firm has a market cap of $134.03 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 4.62 and a beta of 0.47. The company has a quick ratio of 1.07, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The business has a fifty day moving average of $580.07 and a 200-day moving average of $514.62. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95.

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

Lockheed Martin Increases Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on the stock. Melius upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective for the company in a research report on Tuesday, September 3rd. Robert W. Baird boosted their price target on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday. TD Cowen upped their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley lifted their price objective on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Finally, Susquehanna reduced their target price on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a report on Wednesday. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $606.71.

Lockheed Martin Company 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.