Tudor Financial Inc. Takes Position in Lockheed Martin Co. (NYSE:LMT)

Tudor Financial Inc. bought a new stake in Lockheed Martin Co. (NYSE:LMT) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 953 shares of the aerospace company’s stock, valued at approximately $557,000.

Several other institutional investors also recently modified their holdings of the business. Old West Investment Management LLC grew its holdings in shares of Lockheed Martin by 6.6% in the third quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company’s stock valued at $15,569,000 after acquiring an additional 1,643 shares in the last quarter. Second Line Capital LLC bought a new position in shares of Lockheed Martin in the third quarter valued at approximately $202,000. Hohimer Wealth Management LLC grew its holdings in shares of Lockheed Martin by 12.9% in the third quarter. Hohimer Wealth Management LLC now owns 8,094 shares of the aerospace company’s stock valued at $4,731,000 after acquiring an additional 925 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Lockheed Martin by 0.5% in the third quarter. TD Private Client Wealth LLC now owns 11,223 shares of the aerospace company’s stock valued at $6,561,000 after acquiring an additional 52 shares in the last quarter. Finally, Virtue Capital Management LLC grew its holdings in shares of Lockheed Martin by 112.8% in the third quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company’s stock valued at $1,315,000 after acquiring an additional 1,192 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Down 1.7 %

NYSE:LMT opened at $504.27 on Thursday. The company has a market cap of $119.53 billion, a P/E ratio of 18.26, a P/E/G ratio of 4.19 and a beta of 0.47. The stock’s fifty day moving average price is $557.18 and its two-hundred day moving average price is $531.98. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. 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 issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter last year, the business posted $6.77 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. As a group, analysts expect that Lockheed Martin Co. will post 26.94 EPS 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 given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is 47.79%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their target price on Lockheed Martin from $602.00 to $543.00 and set an “equal weight” rating for the company in a report on Wednesday. Barclays upped their price objective on Lockheed Martin from $505.00 to $565.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. UBS Group upped 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. Citigroup upped their price objective on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average price target of $612.29.

About Lockheed Martin

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.