Curi RMB Capital LLC Buys 799 Shares of Lockheed Martin Co. (NYSE:LMT)

Curi RMB Capital LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 15.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,137 shares of the aerospace company’s stock after purchasing an additional 799 shares during the period. Curi RMB Capital LLC’s holdings in Lockheed Martin were worth $3,587,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Wealthstream Advisors Inc. bought a new position in shares of Lockheed Martin during the third quarter valued at approximately $246,000. Huntington National Bank raised its holdings in Lockheed Martin by 3.8% in the 3rd quarter. Huntington National Bank now owns 144,750 shares of the aerospace company’s stock worth $84,615,000 after purchasing an additional 5,279 shares in the last quarter. ROI Financial Advisors LLC grew its stake in Lockheed Martin by 8.9% in the third quarter. ROI Financial Advisors LLC now owns 3,037 shares of the aerospace company’s stock worth $1,776,000 after purchasing an additional 247 shares during the period. Plato Investment Management Ltd raised its holdings in Lockheed Martin by 65.7% in the third quarter. Plato Investment Management Ltd now owns 1,852 shares of the aerospace company’s stock worth $1,082,000 after purchasing an additional 734 shares in the last quarter. Finally, Schrum Private Wealth Management LLC lifted its position in Lockheed Martin by 34.0% during the third quarter. Schrum Private Wealth Management LLC now owns 4,472 shares of the aerospace company’s stock valued at $2,614,000 after buying an additional 1,135 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $539.04 on Friday. The firm has a market capitalization of $127.77 billion, a PE ratio of 19.52, a P/E/G ratio of 4.56 and a beta of 0.49. The company has a 50 day moving average price of $577.75 and a 200-day moving average price of $523.80. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week 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.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 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 company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the previous year, the company posted $6.77 earnings per share. Lockheed Martin’s revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be issued a $3.30 dividend. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.45%. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.62%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LMT shares. Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. UBS Group raised their price objective on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley boosted their target price on Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Finally, Robert W. Baird raised their price target on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average 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.