Truvestments Capital LLC Grows Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Truvestments Capital LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 18.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,118 shares of the aerospace company’s stock after buying an additional 958 shares during the period. Lockheed Martin accounts for about 1.0% of Truvestments Capital LLC’s holdings, making the stock its 20th largest holding. Truvestments Capital LLC’s holdings in Lockheed Martin were worth $3,577,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Mattson Financial Services LLC purchased a new position in Lockheed Martin in the 2nd quarter worth approximately $27,000. Sachetta LLC boosted its position in shares of Lockheed Martin by 50.0% during the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after buying an additional 20 shares during the last quarter. Wiser Advisor Group LLC increased its holdings in Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after buying an additional 25 shares in the last quarter. Stephens Consulting LLC lifted its stake in Lockheed Martin by 48.9% during the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 22 shares during the period. Finally, Burkett Financial Services LLC bought a new stake in Lockheed Martin during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 1.0 %

LMT stock opened at $537.04 on Monday. The company has a market capitalization of $127.30 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 4.43 and a beta of 0.49. 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 Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The business has a 50 day simple moving average of $573.12 and a two-hundred day simple moving average of $527.79.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Lockheed Martin’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.77 earnings per share. Research analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.46%. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.62%.

Analysts Set New Price Targets

LMT has been the topic of several analyst reports. Melius Research upgraded shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. Citigroup boosted their price target on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Robert W. Baird upped their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a report on Thursday, October 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $611.00.

Lockheed Martin Company 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.