Mission Wealth Management LP raised its stake in Lockheed Martin Co. (NYSE:LMT) by 23.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,056 shares of the aerospace company’s stock after purchasing an additional 202 shares during the period. Mission Wealth Management LP’s holdings in Lockheed Martin were worth $405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Stokes Capital Advisors LLC increased its stake in Lockheed Martin by 2.7% in the third quarter. Stokes Capital Advisors LLC now owns 9,677 shares of the aerospace company’s stock valued at $3,709,000 after purchasing an additional 253 shares in the last quarter. Asio Capital LLC increased its stake in Lockheed Martin by 7.8% in the third quarter. Asio Capital LLC now owns 7,677 shares of the aerospace company’s stock valued at $2,942,000 after purchasing an additional 553 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in Lockheed Martin by 2.1% in the third quarter. First Citizens Bank & Trust Co. now owns 1,258 shares of the aerospace company’s stock valued at $482,000 after purchasing an additional 26 shares in the last quarter. Polaris Wealth Advisory Group LLC increased its stake in Lockheed Martin by 4,248.8% in the third quarter. Polaris Wealth Advisory Group LLC now owns 37,356 shares of the aerospace company’s stock valued at $14,343,000 after purchasing an additional 36,497 shares in the last quarter. Finally, First Dallas Securities Inc. bought a new stake in Lockheed Martin in the third quarter valued at $278,000. 77.56% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin stock opened at $386.50 on Friday. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.08 and a current ratio of 1.31. The stock has a market cap of $108.04 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 2.29 and a beta of 0.95. Lockheed Martin Co. has a fifty-two week low of $266.11 and a fifty-two week high of $442.53. The firm’s 50-day simple moving average is $387.58 and its 200 day simple moving average is $379.24.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 21st. The aerospace company reported $5.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.72 by $0.07. The firm had revenue of $16.22 billion for the quarter, compared to analysts’ expectations of $15.19 billion. Lockheed Martin had a net margin of 10.25% and a return on equity of 182.05%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $5.00 earnings per share. As a group, analysts predict that Lockheed Martin Co. will post 24.52 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Tuesday, December 1st will be paid a $2.60 dividend. This represents a $10.40 dividend on an annualized basis and a yield of 2.69%. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.40. The ex-dividend date of this dividend is Monday, November 30th. Lockheed Martin’s payout ratio is presently 43.74%.

Several equities research analysts have recently commented on LMT shares. Morgan Stanley started coverage on shares of Lockheed Martin in a research report on Tuesday, September 8th. They set an “overweight” rating and a $509.00 target price for the company. Goldman Sachs Group downgraded shares of Lockheed Martin from a “conviction-buy” rating to a “buy” rating in a research report on Sunday, September 20th. Credit Suisse Group decreased their target price on shares of Lockheed Martin from $433.00 to $400.00 and set a “hold” rating for the company in a research report on Friday, July 17th. Bank of America boosted their target price on shares of Lockheed Martin from $400.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Finally, Argus boosted their target price on shares of Lockheed Martin from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $450.59.

About Lockheed Martin

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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