First Horizon Advisors Inc. Has $39.27 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

First Horizon Advisors Inc. grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,182 shares of the aerospace company’s stock after purchasing an additional 275 shares during the period. Lockheed Martin comprises 1.1% of First Horizon Advisors Inc.’s portfolio, making the stock its 18th largest holding. First Horizon Advisors Inc.’s holdings in Lockheed Martin were worth $39,273,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Howe & Rusling Inc. increased its holdings in shares of Lockheed Martin by 24.7% in the 3rd quarter. Howe & Rusling Inc. now owns 3,037 shares of the aerospace company’s stock valued at $1,775,000 after purchasing an additional 602 shares during the period. Kirtland Hills Capital Management LLC increased its holdings in shares of Lockheed Martin by 1.2% in the 3rd quarter. Kirtland Hills Capital Management LLC now owns 4,108 shares of the aerospace company’s stock valued at $2,401,000 after purchasing an additional 48 shares during the period. MWA Asset Management increased its holdings in shares of Lockheed Martin by 1.6% in the 3rd quarter. MWA Asset Management now owns 2,079 shares of the aerospace company’s stock valued at $1,215,000 after purchasing an additional 33 shares during the period. Segall Bryant & Hamill LLC acquired a new position in Lockheed Martin in the third quarter worth approximately $7,039,000. Finally, Prospera Private Wealth LLC acquired a new position in Lockheed Martin in the third quarter worth approximately $99,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.4 %

Shares of LMT stock opened at $533.25 on Wednesday. The stock has a market cap of $126.40 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 4.37 and a beta of 0.49. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The stock has a fifty day moving average price of $574.83 and a 200 day moving average price of $526.21. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same period in the prior year, the company posted $6.77 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current 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 paid a dividend of $3.30 per share. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a yield of 2.48%. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s dividend payout ratio is currently 45.62%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Morgan Stanley increased their price objective on Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. TD Cowen upped their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Bank of America reaffirmed a “buy” rating and set a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. Finally, Wells Fargo & Company upped their target price on Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $611.00.

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.