55 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Burkett Financial Services LLC

Burkett Financial Services LLC bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 55 shares of the aerospace company’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Regal Investment Advisors LLC boosted its stake in Lockheed Martin by 33.8% during the 4th quarter. Regal Investment Advisors LLC now owns 930 shares of the aerospace company’s stock valued at $421,000 after purchasing an additional 235 shares during the period. Cresset Asset Management LLC grew its stake in shares of Lockheed Martin by 9.9% in the fourth quarter. Cresset Asset Management LLC now owns 36,842 shares of the aerospace company’s stock worth $16,698,000 after acquiring an additional 3,318 shares during the last quarter. Symmetry Investments LP bought a new position in Lockheed Martin during the fourth quarter worth $588,000. MGO One Seven LLC raised its stake in Lockheed Martin by 1.8% during the 4th quarter. MGO One Seven LLC now owns 6,241 shares of the aerospace company’s stock valued at $2,829,000 after purchasing an additional 109 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new stake in Lockheed Martin in the 4th quarter valued at $2,380,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.6 %

NYSE:LMT traded down $3.93 during mid-day trading on Wednesday, hitting $604.12. The company had a trading volume of 117,904 shares, compared to its average volume of 1,057,851. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $611.59. The firm has a market cap of $144.95 billion, a P/E ratio of 22.26, a P/E/G ratio of 4.66 and a beta of 0.47. The business’s fifty day moving average is $568.68 and its two-hundred day moving average is $502.34.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. During the same period in the prior year, the business posted $6.73 EPS. Lockheed Martin’s revenue was up 8.6% on a year-over-year basis. As a group, research analysts expect that Lockheed Martin Co. will post 26.65 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s dividend payout ratio (DPR) is currently 48.30%.

Insider Activity

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total value of $2,048,556.00. Following the completion of the sale, the insider now directly owns 8,877 shares in the company, valued at $4,574,850.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Melius raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective for the company in a research report on Tuesday, September 3rd. Barclays raised their price objective on Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their price objective on Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Morgan Stanley boosted their price target on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $568.31.

Lockheed Martin Company Profile

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.