ROI Financial Advisors LLC Raises Stake in Lockheed Martin Co. (NYSE:LMT)

ROI Financial Advisors LLC grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 8.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,037 shares of the aerospace company’s stock after acquiring an additional 247 shares during the period. Lockheed Martin makes up approximately 1.2% of ROI Financial Advisors LLC’s portfolio, making the stock its 22nd largest holding. ROI Financial Advisors LLC’s holdings in Lockheed Martin were worth $1,776,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Mattson Financial Services LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter worth about $27,000. Sachetta LLC grew its holdings in shares of Lockheed Martin by 50.0% during the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after buying an additional 20 shares during the last quarter. Wiser Advisor Group LLC increased its position in shares of Lockheed Martin by 65.8% during the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 25 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Lockheed Martin during the first quarter valued at approximately $30,000. Finally, Stephens Consulting LLC raised its holdings in Lockheed Martin by 48.9% in the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 22 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

NYSE:LMT opened at $557.73 on Thursday. The firm has a market capitalization of $132.20 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 4.63 and a beta of 0.49. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The business has a 50 day simple moving average of $578.09 and a 200-day simple moving average of $523.56. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter in the previous year, the business posted $6.77 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. Equities analysts forecast that Lockheed Martin Co. will post 26.89 EPS 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 paid a dividend of $3.30 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.37%. Lockheed Martin’s dividend payout ratio is currently 47.79%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LMT shares. Citigroup boosted their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Bank of America restated a “buy” rating and set a $635.00 price objective on shares of Lockheed Martin in a research report on Friday, August 30th. Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Robert W. Baird boosted their price objective on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Finally, Susquehanna cut their target price on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.