Prospera Financial Services Inc grew its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 16.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,157 shares of the aerospace company's stock after purchasing an additional 2,183 shares during the quarter. Prospera Financial Services Inc's holdings in Lockheed Martin were worth $8,869,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin during the second quarter worth approximately $27,000. Sachetta LLC raised its stake in Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 20 shares during the last quarter. Wiser Advisor Group LLC boosted its holdings in Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company's stock valued at $29,000 after purchasing an additional 25 shares during the period. Stephens Consulting LLC grew its position in Lockheed Martin by 48.9% in 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. Finally, Burkett Financial Services LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at approximately $32,000. 74.19% of the stock is currently owned by institutional investors.
NYSE LMT opened at $530.96 on Tuesday. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The firm has a market cap of $125.86 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 4.37 and a beta of 0.49. The company has a fifty day moving average price of $575.61 and a 200-day moving average price of $525.71. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.
Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts' consensus estimates of $6.50 by $0.34. The company 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 firm's quarterly 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. As a group, equities research analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be issued a $3.30 dividend. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.49%. Lockheed Martin's dividend payout ratio is presently 45.62%.
A number of equities research analysts have weighed in on LMT shares. Robert W. Baird lifted their price objective on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Barclays lifted their target price on Lockheed Martin from $505.00 to $565.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 29th. Morgan Stanley upped their target price on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an "equal weight" rating in a research report on Friday, August 9th. Melius Research upgraded shares of Lockheed Martin to a "strong-buy" rating in a report on Tuesday, September 3rd. Finally, UBS Group increased their price target on Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $611.00.
Read Our Latest Stock Report on LMT
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.
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