World Investment Advisors LLC Boosts Stock Position in Lockheed Martin Co. (NYSE:LMT)

World Investment Advisors LLC boosted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 55.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,468 shares of the aerospace company’s stock after acquiring an additional 2,297 shares during the quarter. World Investment Advisors LLC’s holdings in Lockheed Martin were worth $3,781,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC increased its position in shares of Lockheed Martin by 28.2% during the third quarter. Sanctuary Advisors LLC now owns 66,682 shares of the aerospace company’s stock worth $36,156,000 after acquiring an additional 14,651 shares during the period. Sculati Wealth Management LLC acquired a new position in Lockheed Martin during the 3rd quarter worth $258,000. Fulcrum Equity Management increased its holdings in Lockheed Martin by 4.7% during the 3rd quarter. Fulcrum Equity Management now owns 900 shares of the aerospace company’s stock worth $526,000 after purchasing an additional 40 shares during the period. Anchor Investment Management LLC raised its position in Lockheed Martin by 8.4% in the 3rd quarter. Anchor Investment Management LLC now owns 4,125 shares of the aerospace company’s stock valued at $2,411,000 after purchasing an additional 320 shares in the last quarter. Finally, Tudor Financial Inc. purchased a new position in shares of Lockheed Martin in the 3rd quarter valued at about $557,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LMT shares. Barclays upped their target price on shares of Lockheed Martin from $505.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Melius Research raised shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, September 3rd. Susquehanna decreased their price objective on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. Citigroup increased their target price on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, UBS Group lifted 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $612.29.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $494.67 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The stock has a market cap of $117.26 billion, a P/E ratio of 17.91, a P/E/G ratio of 4.13 and a beta of 0.46. The stock has a 50 day moving average of $552.79 and a two-hundred day moving average of $531.92. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) 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 firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Lockheed Martin’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.77 EPS. On average, research analysts forecast that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s payout ratio is 47.79%.

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.