WCM Investment Management LLC Boosts Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

WCM Investment Management LLC increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 317.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,585 shares of the aerospace company’s stock after buying an additional 2,726 shares during the period. WCM Investment Management LLC’s holdings in Lockheed Martin were worth $2,088,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. lifted its holdings in shares of Lockheed Martin by 10.1% in the first quarter. Russell Investments Group Ltd. now owns 54,030 shares of the aerospace company’s stock worth $24,577,000 after buying an additional 4,976 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in Lockheed Martin during the 1st quarter worth approximately $30,000. Entropy Technologies LP lifted its stake in Lockheed Martin by 213.6% in the 1st quarter. Entropy Technologies LP now owns 10,570 shares of the aerospace company’s stock worth $4,808,000 after purchasing an additional 7,199 shares in the last quarter. William Allan Corp boosted its holdings in Lockheed Martin by 8.4% in the 1st quarter. William Allan Corp now owns 3,719 shares of the aerospace company’s stock valued at $1,691,000 after purchasing an additional 288 shares during the period. Finally, Koshinski Asset Management Inc. grew its position in shares of Lockheed Martin by 25.7% during the 1st quarter. Koshinski Asset Management Inc. now owns 5,473 shares of the aerospace company’s stock valued at $2,489,000 after purchasing an additional 1,118 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $570.58 on Tuesday. The business has a 50 day moving average of $578.06 and a 200 day moving average of $522.08. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a market cap of $135.25 billion, a PE ratio of 20.66, a P/E/G ratio of 4.62 and a beta of 0.49. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.77 earnings per share. As a group, equities research analysts forecast that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a $3.30 dividend. The ex-dividend date is Monday, December 2nd. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.31%. Lockheed Martin’s dividend payout ratio is currently 45.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LMT shares. Wells Fargo & Company lifted their price objective on Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Morgan Stanley lifted their price target on Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. UBS Group raised their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised 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. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $611.00.

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.