Avestar Capital LLC Increases Position in Lockheed Martin Co. (NYSE:LMT)

Avestar Capital LLC boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,248 shares of the aerospace company’s stock after purchasing an additional 62 shares during the quarter. Avestar Capital LLC’s holdings in Lockheed Martin were worth $730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Mattson Financial Services LLC purchased a new stake in Lockheed Martin in the second quarter valued at about $27,000. Sachetta LLC boosted its stake in Lockheed Martin by 50.0% in the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 20 shares in the last quarter. Stephens Consulting LLC grew its position in Lockheed Martin by 48.9% during the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 22 shares during the last quarter. Burkett Financial Services LLC acquired a new position in Lockheed Martin during the 3rd quarter valued at approximately $32,000. Finally, Ridgewood Investments LLC purchased a new position in shares of Lockheed Martin in the second quarter worth $35,000. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on LMT. Melius upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price target on the stock in a research note on Tuesday, September 3rd. Morgan Stanley upped their target price on Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Robert W. Baird increased their price target on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Susquehanna decreased their price objective on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research note on Wednesday, October 23rd. Finally, TD Cowen increased their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $611.00.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $521.48 on Wednesday. The firm has a market cap of $123.61 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 4.27 and a beta of 0.49. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The business’s fifty day simple moving average is $571.19 and its 200-day simple moving average is $528.54. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.77 EPS. Equities analysts forecast that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a yield of 2.53%. Lockheed Martin’s dividend payout ratio is 45.62%.

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.