Lockheed Martin Corporation $LMT Holdings Boosted by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. raised its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 32.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,613 shares of the aerospace company’s stock after purchasing an additional 879 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in Lockheed Martin were worth $1,804,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LMT. United Financial Planning Group LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC lifted its stake in Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth about $27,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Lockheed Martin during the 2nd quarter worth about $29,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in Lockheed Martin during the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT opened at $645.16 on Tuesday. The firm has a market cap of $148.44 billion, a PE ratio of 30.02, a PEG ratio of 1.16 and a beta of 0.22. The firm’s 50 day moving average price is $619.20 and its 200 day moving average price is $527.13. 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 twelve month low of $410.11 and a twelve month high of $692.00.

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

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be issued a $3.45 dividend. The ex-dividend date is Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a yield of 2.1%. Lockheed Martin’s dividend payout ratio is currently 64.22%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LMT. Susquehanna reissued a “positive” rating and issued a $660.00 price target on shares of Lockheed Martin in a research report on Thursday, January 15th. Weiss Ratings lowered shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. The Goldman Sachs Group increased their target price on shares of Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. lifted their target price on shares of Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Finally, UBS Group boosted their price target on shares of Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $618.95.

About Lockheed Martin

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.