Maia Wealth LLC Sells 42 Shares of Lockheed Martin Co. (NYSE:LMT)

Maia Wealth LLC lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,740 shares of the aerospace company’s stock after selling 42 shares during the period. Maia Wealth LLC’s holdings in Lockheed Martin were worth $2,110,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin in the third quarter worth about $32,000. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin in the second quarter worth approximately $27,000. Sachetta LLC grew its holdings in shares of Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 20 shares during the last quarter. Wiser Advisor Group LLC grew its holdings in shares of Lockheed Martin by 65.8% in the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 25 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in Lockheed Martin in the first quarter valued at $30,000. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on LMT. TD Cowen raised their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. UBS Group boosted their price objective on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Melius raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective for the company in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $611.00.

Lockheed Martin Trading Up 0.0 %

Shares of NYSE:LMT traded up $0.09 on Wednesday, hitting $546.84. 249,570 shares of the company’s stock were exchanged, compared to its average volume of 1,048,551. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The stock has a market capitalization of $129.62 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 4.46 and a beta of 0.49. The business’s 50 day simple moving average is $578.67 and its two-hundred day simple moving average is $520.06. 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 earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $6.77 earnings per share. Analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared 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. The ex-dividend date is Monday, December 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.41%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is currently 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.