Tempus Wealth Planning LLC Boosts Stock Position in Lockheed Martin Co. (NYSE:LMT)

Tempus Wealth Planning LLC raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 11.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 693 shares of the aerospace company’s stock after purchasing an additional 70 shares during the period. Tempus Wealth Planning LLC’s holdings in Lockheed Martin were worth $315,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LMT. Altshuler Shaham Ltd purchased a new stake in Lockheed Martin during the 4th quarter valued at $26,000. Activest Wealth Management boosted its stake in shares of 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 buying an additional 60 shares during the last quarter. Iron Horse Wealth Management LLC boosted its stake in shares of 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 buying an additional 77 shares during the last quarter. Thompson Investment Management Inc. purchased a new position in shares of Lockheed Martin in the 1st quarter worth $38,000. Finally, TFC Financial Management Inc. boosted its stake in shares of 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 buying an additional 60 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Citigroup raised their target price on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group decreased their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. Finally, Wells Fargo & Company raised their target price on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $485.40.

Lockheed Martin Price Performance

NYSE:LMT opened at $466.03 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The business’s 50-day simple moving average is $465.21 and its two-hundred day simple moving average is $450.86. The stock has a market cap of $111.82 billion, a PE ratio of 17.05, a P/E/G ratio of 4.39 and a beta of 0.46. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $479.50.

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

Lockheed Martin Announces Dividend

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