U.S. Capital Wealth Advisors LLC Grows Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• U.S. Capital Wealth Advisors increased its stake in Lockheed Martin by 26.8%, buying an additional 1,712 shares to hold 8,089 shares worth $3.91 million at quarter-end.
• Analysts have been lifting targets and ratings recently (notably BNP Paribas to $770 and Susquehanna to $740), but the consensus remains a "Hold" with an average target of $645.79.
• Lockheed’s latest quarter showed a EPS miss ($5.80 vs. $6.33 est.) while revenue rose 9.1% to $20.32 billion, and the company pays a $3.45 quarterly dividend (~2.2% yield).

U.S. Capital Wealth Advisors LLC lifted its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 26.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,089 shares of the aerospace company's stock after purchasing an additional 1,712 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Lockheed Martin were worth $3,913,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LMT. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth $25,000. Barnes Dennig Private Wealth Management LLC lifted its position in shares of Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company's stock worth $27,000 after purchasing an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth $27,000. Beacon Financial Strategies CORP purchased a new stake in shares of Lockheed Martin during the 4th quarter worth $34,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth $35,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on LMT. Weiss Ratings upgraded shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 23rd. Sanford C. Bernstein reiterated a "market perform" rating and set a $654.00 price target on shares of Lockheed Martin in a research note on Friday, February 6th. Susquehanna lifted their price target on shares of Lockheed Martin from $725.00 to $740.00 and gave the stock a "positive" rating in a research note on Wednesday, March 18th. BNP Paribas Exane lifted their price target on shares of Lockheed Martin from $740.00 to $770.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 7th. Finally, Robert W. Baird lifted their price target on shares of Lockheed Martin from $550.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, January 16th. Seven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $645.79.

Lockheed Martin Stock Down 0.0%

Shares of NYSE:LMT opened at $613.62 on Monday. The company has a market cap of $141.41 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 1.10 and a beta of 0.23. The firm's 50-day simple moving average is $638.19 and its 200-day simple moving average is $547.95. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.53). The firm had revenue of $20.32 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the firm earned $7.67 EPS. As a group, equities research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 2nd were issued a $3.45 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $13.80 annualized dividend and a dividend yield of 2.2%. Lockheed Martin's 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.

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