Axxcess Wealth Management LLC Buys 3,582 Shares of Lockheed Martin Corporation $LMT

Axxcess Wealth Management LLC grew its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 73.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,484 shares of the aerospace company’s stock after purchasing an additional 3,582 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Lockheed Martin were worth $4,235,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in LMT. Tableaux LLC increased its position in shares of Lockheed Martin by 34,231.4% in the second quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock valued at $288,589,000 after acquiring an additional 621,300 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Lockheed Martin by 169.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock worth $265,030,000 after purchasing an additional 359,748 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Lockheed Martin by 1.0% in the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock worth $10,048,993,000 after purchasing an additional 214,565 shares during the last quarter. Holocene Advisors LP purchased a new position in Lockheed Martin during the 2nd quarter valued at about $92,628,000. Finally, Natixis raised its position in Lockheed Martin by 1,478.6% during the 2nd quarter. Natixis now owns 203,859 shares of the aerospace company’s stock valued at $94,415,000 after purchasing an additional 190,945 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Up 0.2%

NYSE:LMT opened at $650.67 on Thursday. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94. The firm’s 50-day moving average price is $556.48 and its 200-day moving average price is $499.04. The company has a market capitalization of $149.71 billion, a PE ratio of 30.28, a P/E/G ratio of 1.17 and a beta of 0.23. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $660.55.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.53). The business had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $7.67 EPS. On average, equities analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be paid a $3.45 dividend. The ex-dividend date is Monday, March 2nd. This represents a $13.80 annualized dividend and a dividend yield of 2.1%. Lockheed Martin’s dividend payout ratio is presently 64.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LMT shares. TD Cowen lifted their price objective on Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft raised their price target on Lockheed Martin from $492.00 to $611.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Robert W. Baird upped their price objective on shares of Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 16th. Finally, Citigroup lifted their target price on shares of Lockheed Martin from $592.00 to $673.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $612.50.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.