1,278 Shares in Lockheed Martin Corporation $LMT Purchased by GFS Advisors LLC

GFS Advisors LLC acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,278 shares of the aerospace company’s stock, valued at approximately $638,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after buying an additional 191 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Lockheed Martin by 5.4% in the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after acquiring an additional 50 shares during the period. Integrity Financial Corp WA purchased a new position in shares of Lockheed Martin in the second quarter valued at $206,000. Aberdeen Group plc grew its position in shares of Lockheed Martin by 6.6% in the second quarter. Aberdeen Group plc now owns 22,028 shares of the aerospace company’s stock valued at $10,202,000 after purchasing an additional 1,370 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its stake in shares of Lockheed Martin by 10.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 4,902 shares of the aerospace company’s stock valued at $2,270,000 after purchasing an additional 469 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on Lockheed Martin from $492.00 to $611.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. TD Cowen raised their price objective on shares of Lockheed Martin from $600.00 to $670.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Jefferies Financial Group upped their target price on shares of Lockheed Martin from $540.00 to $630.00 and gave the stock a “hold” rating in a report on Sunday, February 1st. JPMorgan Chase & Co. increased their target price on shares of Lockheed Martin from $515.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Finally, DZ Bank lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price target for the company. in a research report on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $612.50.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $637.25 on Friday. The company’s fifty day moving average price is $541.42 and its 200-day moving average price is $492.08. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94. The firm has a market capitalization of $146.62 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 1.14 and a beta of 0.23. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $646.59.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $7.67 earnings per share. On average, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

Lockheed Martin 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.