Krilogy Financial LLC Purchases Shares of 5,253 Lockheed Martin Corporation $LMT

Krilogy Financial LLC purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,253 shares of the aerospace company’s stock, valued at approximately $2,485,000.

Other large investors have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its position in shares of Lockheed Martin by 4.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 46,384 shares of the aerospace company’s stock valued at $23,155,000 after buying an additional 1,882 shares in the last quarter. Signet Investment Advisory Group Inc. increased its holdings in Lockheed Martin by 8.1% in the 3rd quarter. Signet Investment Advisory Group Inc. now owns 3,511 shares of the aerospace company’s stock worth $1,753,000 after acquiring an additional 262 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in Lockheed Martin by 18.6% during the third quarter. Stratos Wealth Partners LTD. now owns 11,254 shares of the aerospace company’s stock worth $5,618,000 after acquiring an additional 1,761 shares during the period. Stratos Wealth Advisors LLC lifted its holdings in Lockheed Martin by 9.5% during the third quarter. Stratos Wealth Advisors LLC now owns 1,095 shares of the aerospace company’s stock valued at $547,000 after purchasing an additional 95 shares in the last quarter. Finally, Stratos Investment Management LLC grew its position in shares of Lockheed Martin by 3.4% in the third quarter. Stratos Investment Management LLC now owns 3,469 shares of the aerospace company’s stock valued at $1,732,000 after purchasing an additional 115 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

LMT stock opened at $628.98 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. The company has a market capitalization of $144.72 billion, a PE ratio of 29.27, a P/E/G ratio of 1.14 and a beta of 0.23. The business’s fifty day moving average price is $537.63 and its 200 day moving average price is $491.07. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $646.59.

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

Lockheed Martin Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LMT. Robert W. Baird upped their price target on shares of Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. TD Cowen boosted their price objective on Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. The Goldman Sachs Group increased their target price on Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a report on Monday, February 2nd. Jefferies Financial Group lifted their price target on Lockheed Martin from $540.00 to $630.00 and gave the stock a “hold” rating in a research note on Sunday, February 1st. Finally, Citigroup boosted their price target on Lockheed Martin from $592.00 to $673.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $612.50.

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.