BKM Wealth Management LLC Has $238,000 Holdings in Lockheed Martin Co. (NYSE:LMT)

BKM Wealth Management LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 103.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 523 shares of the aerospace company’s stock after acquiring an additional 266 shares during the period. BKM Wealth Management LLC’s holdings in Lockheed Martin were worth $238,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new position in Lockheed Martin in the 4th quarter worth approximately $26,000. Activest Wealth Management raised its position in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares during the last quarter. Iron Horse Wealth Management LLC raised its position in Lockheed Martin by 1,925.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 77 shares during the last quarter. Thompson Investment Management Inc. bought a new position in Lockheed Martin in the 1st quarter worth approximately $38,000. Finally, TFC Financial Management Inc. raised its position in Lockheed Martin by 206.9% in the 4th quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on LMT. Citigroup upped their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their target price for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Finally, Wells Fargo & Company upped their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Price Performance

LMT opened at $466.44 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $479.50. The company has a fifty day simple moving average of $464.84 and a 200 day simple moving average of $450.33. The stock has a market cap of $111.92 billion, a P/E ratio of 17.07, a P/E/G ratio of 4.40 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.43 EPS. On average, research analysts expect that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be paid a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s payout ratio is presently 46.10%.

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.