Vest Financial LLC Buys 1,162 Shares of Lockheed Martin Co. (NYSE:LMT)

Vest Financial LLC boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 146.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,956 shares of the aerospace company’s stock after purchasing an additional 1,162 shares during the period. Vest Financial LLC’s holdings in Lockheed Martin were worth $1,143,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Burkett Financial Services LLC bought a new stake in shares of Lockheed Martin in the third quarter worth $32,000. Mattson Financial Services LLC purchased a new position in Lockheed Martin in the second quarter worth about $27,000. Sachetta LLC grew its stake in shares of 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 period. Wiser Advisor Group LLC increased its position in shares of Lockheed Martin by 65.8% during 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 last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new position in shares of Lockheed Martin in the 1st quarter worth approximately $30,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Timothy S. Cahill sold 3,975 shares of the business’s 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 sale, the insider now directly owns 8,877 shares in the company, valued at approximately $4,574,850.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LMT. Barclays boosted their target price on shares of Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their price target on Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Melius Research raised Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus target price of $597.92.

Lockheed Martin Trading Up 0.5 %

LMT stock opened at $614.69 on Tuesday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The business has a 50 day simple moving average of $579.45 and a two-hundred day simple moving average of $512.24. The company has a market capitalization of $147.49 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 4.84 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. The firm had revenue of $18.12 billion during the quarter, compared to analyst estimates of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. Lockheed Martin’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.73 earnings per share. Research analysts anticipate that Lockheed Martin Co. will post 26.68 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Monday, December 2nd. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio is 48.30%.

Lockheed Martin 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.