CWC Advisors LLC Acquires Stake in Lockheed Martin Co.

CWC Advisors LLC recently disclosed a new investment in Lockheed Martin Co. (NYSE:LMT) during the third quarter, according to their latest filing with the Securities and Exchange Commission (SEC). The investment firm acquired 1,419 shares of the aerospace giant's stock, which amounts to a total value of approximately $829,000.

Several other institutional investors and hedge funds have also adjusted their positions in Lockheed Martin recently. Burford Brothers Inc. increased their stake in Lockheed Martin by 6.7% in the third quarter, now holding 2,873 shares valued at around $1,679,000 after purchasing an additional 180 shares in the last quarter. Similarly, Country Club Bank raised its stake by 11.6%, bringing its total to 4,342 shares valued at $2,529,000 after an acquisition of 452 shares last quarter. Additionally, Bank of Stockton entered a new investment in Lockheed Martin, estimated at about $372,000. Tandem Capital Management Corp ADV also increased its holdings in the company by 5.3%, now owning 1,011 shares worth $591,000 after buying an extra 51 shares. Canal Capital Management LLC boosted its stake by 3.5%, accumulating 15,425 shares valued at $9,017,000 with an additional purchase of 527 shares. Currently, institutional investors and hedge funds own 74.19% of Lockheed Martin’s stock.

Current Stock Performance

As of Friday, Lockheed Martin's stock opened at $562.29. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.07, and a current ratio of 1.30. Lockheed Martin's market capitalization is $134.03 billion, with a price-to-earnings ratio of 20.36 and a price-to-earnings-growth ratio of 4.62. The stock has seen a low of $413.92 and a high of $618.95 over the past fifty-two weeks, with the fifty-day moving average at $580.07 and the two-hundred-day moving average at $514.62.

Quarterly Earnings Highlights

Lockheed Martin reported its earnings results on October 22nd. For the quarter, the company posted earnings of $6.84 per share, exceeding the consensus estimate of $6.50 by $0.34. The reported revenue for the quarter was $17.10 billion, which fell short of analyst expectations of $17.38 billion. The company's return on equity stood at an impressive 101.44%, with a net margin of 9.36%. Compared to the same quarter last year, Lockheed Martin's revenue grew by 1.3%. The analysts' outlook for Lockheed Martin anticipates an earnings per share (EPS) of 26.65 for the current fiscal year.

Dividend Announcement

The company recently announced a quarterly dividend, scheduled for payment on December 27th. Shareholders on record as of December 2nd will receive a dividend of $3.30 per share. The ex-dividend date is also December 2nd. This marks an increase from Lockheed Martin's previous quarterly dividend of $3.15, resulting in an annualized dividend of $13.20 with a yield of 2.35%. The company's current dividend payout ratio (DPR) is 45.62%.

Analyst Ratings and Price Targets

Several equity research analysts have provided updated price targets for Lockheed Martin. UBS Group raised their price objective from $589.00 to $603.00 and maintained a "neutral" rating. Susquehanna lowered their price target from $705.00 to $695.00 while retaining a "positive" rating. Deutsche Bank increased its price target from $600.00 to $620.00 and issued a "buy" rating, and Barclays raised their target from $480.00 to $505.00, rating it as "equal weight." Melius upgraded Lockheed Martin from a "hold" to a "buy" rating with a set price target of $704.00. Overall, one analyst rates the stock as a sell, four as hold, nine as buy, and one as strong buy, giving Lockheed Martin an average rating of "Moderate Buy" and an average price target of $606.71.

Overview of Lockheed Martin

Lockheed Martin Corporation is a major player in the security and aerospace industry. The company is involved in the research, design, development, manufacture, integration, and support of technological systems, products, and services globally. Lockheed Martin operates through various segments including Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

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