671 Shares in Lockheed Martin Co. (NYSE:LMT) Acquired by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 671 shares of the aerospace company’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LMT. Clean Yield Group bought a new position in Lockheed Martin in the 2nd quarter worth approximately $25,000. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin in the 2nd quarter worth approximately $33,000. Sierra Capital LLC purchased a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $36,000. Selective Wealth Management Inc. bought a new position in shares of Lockheed Martin during the 2nd quarter valued at approximately $38,000. Finally, Paragon Wealth Strategies LLC purchased a new position in shares of Lockheed Martin in the second quarter valued at $42,000. Institutional investors and hedge funds own 74.43% of the company’s stock.

A number of research firms have weighed in on LMT. Bank of America cut shares of Lockheed Martin from a “buy” rating to a “neutral” rating and cut their price objective for the company from $440.00 to $375.00 in a research report on Monday, November 1st. The Goldman Sachs Group lowered Lockheed Martin from a “buy” rating to a “neutral” rating and set a $402.00 target price for the company. in a research report on Thursday, September 23rd. Jefferies Financial Group reissued a “neutral” rating on shares of Lockheed Martin in a research note on Friday, September 10th. Morgan Stanley cut their price objective on Lockheed Martin from $458.00 to $430.00 and set an “overweight” rating on the stock in a research report on Thursday, November 4th. Finally, Wells Fargo & Company cut their price target on shares of Lockheed Martin from $385.00 to $340.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 27th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $380.40.

Shares of LMT opened at $343.58 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.23 and a current ratio of 1.42. The company has a 50 day moving average price of $347.00 and a 200-day moving average price of $364.29. Lockheed Martin Co. has a fifty-two week low of $319.81 and a fifty-two week high of $396.99. The stock has a market capitalization of $94.75 billion, a PE ratio of 15.86, a PEG ratio of 3.37 and a beta of 0.94.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Monday, October 25th. The aerospace company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.24. The company had revenue of $16.03 billion during the quarter, compared to the consensus estimate of $17.12 billion. Lockheed Martin had a net margin of 9.13% and a return on equity of 104.60%. Lockheed Martin’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.25 earnings per share. Equities research analysts forecast that Lockheed Martin Co. will post 28.49 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 27th. Investors of record on Wednesday, December 1st will be given a dividend of $2.80 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.60. The ex-dividend date is Tuesday, November 30th. This represents a $11.20 dividend on an annualized basis and a yield of 3.26%. Lockheed Martin’s dividend payout ratio is presently 47.99%.

Lockheed Martin declared that its board has initiated a stock buyback program on Thursday, September 23rd that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the aerospace company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Lockheed Martin Profile

Lockheed Martin Corp. operates as a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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