Jeppson Wealth Management LLC Raises Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Jeppson Wealth Management LLC grew its holdings in Lockheed Martin Corporation (NYSE:LMT) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,114 shares of the aerospace company’s stock after purchasing an additional 494 shares during the quarter. Lockheed Martin makes up approximately 3.6% of Jeppson Wealth Management LLC’s holdings, making the stock its 3rd biggest holding. Jeppson Wealth Management LLC’s holdings in Lockheed Martin were worth $9,878,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LMT. Millstone Evans Group LLC acquired a new stake in Lockheed Martin during the 4th quarter worth approximately $32,000. Mizuho Securities Co. Ltd. acquired a new stake in Lockheed Martin during the 4th quarter worth approximately $34,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin during the 4th quarter worth approximately $35,000. Redwood Park Advisors LLC acquired a new stake in Lockheed Martin during the 4th quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Lockheed Martin during the 4th quarter worth approximately $42,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.2%

Shares of LMT opened at $458.59 on Friday. Lockheed Martin Corporation has a 12 month low of $418.88 and a 12 month high of $618.95. The firm’s 50 day moving average is $470.80 and its 200-day moving average is $466.78. The stock has a market capitalization of $107.45 billion, a PE ratio of 19.81, a P/E/G ratio of 1.60 and a beta of 0.29. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The company had revenue of $17.96 billion for the quarter, compared to analysts’ expectations of $17.83 billion. Equities research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.88%. Lockheed Martin’s dividend payout ratio is currently 57.02%.

Analysts Set New Price Targets

Several brokerages have commented on LMT. Morgan Stanley upgraded shares of Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 target price on the stock in a report on Wednesday, April 16th. Baird R W upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. UBS Group lifted their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 23rd. Jefferies Financial Group lowered their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a “hold” rating on the stock in a report on Monday, April 28th. Finally, Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 3rd. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $541.80.

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.