ROI Financial Advisors LLC Purchases 247 Shares of Lockheed Martin Co. (NYSE:LMT)

ROI Financial Advisors LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 8.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,037 shares of the aerospace company’s stock after purchasing an additional 247 shares during the quarter. Lockheed Martin comprises approximately 1.2% of ROI Financial Advisors LLC’s investment 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 and other institutional investors have also bought and sold shares of LMT. Russell Investments Group Ltd. grew its stake in shares of Lockheed Martin by 10.1% in the 1st quarter. Russell Investments Group Ltd. now owns 54,030 shares of the aerospace company’s stock worth $24,577,000 after acquiring an additional 4,976 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in Lockheed Martin in the 1st quarter valued at about $30,000. Kingsview Wealth Management LLC raised its stake in shares of Lockheed Martin by 2.8% in the first quarter. Kingsview Wealth Management LLC now owns 17,369 shares of the aerospace company’s stock valued at $7,901,000 after buying an additional 475 shares during the period. Lord Abbett & CO. LLC grew its stake in shares of Lockheed Martin by 1.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 112,070 shares of the aerospace company’s stock worth $50,977,000 after acquiring an additional 1,628 shares during the period. Finally, Blair William & Co. IL increased its holdings in Lockheed Martin by 8.8% in the 1st quarter. Blair William & Co. IL now owns 31,819 shares of the aerospace company’s stock worth $14,474,000 after acquiring an additional 2,563 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 1.5 %

Shares of LMT opened at $557.73 on Thursday. The stock has a market capitalization of $132.20 billion, a P/E ratio of 20.19, a PEG ratio of 4.63 and a beta of 0.49. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The firm has a fifty day simple moving average of $578.09 and a two-hundred day simple moving average of $523.56.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup upped 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. Barclays raised their price objective on shares of Lockheed Martin from $505.00 to $565.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, September 3rd. Susquehanna dropped their price objective on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a report on Wednesday, October 23rd. Finally, Melius upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 target price on the stock in a research note on Tuesday, September 3rd. One 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 company. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average price target 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.