Creekmur Asset Management LLC Decreases Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Creekmur Asset Management LLC decreased its position in Lockheed Martin Co. (NYSE:LMT) by 9.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 932 shares of the aerospace company’s stock after selling 99 shares during the quarter. Creekmur Asset Management LLC’s holdings in Lockheed Martin were worth $545,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Burkett Financial Services LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $32,000. Mattson Financial Services LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at about $27,000. Sachetta LLC boosted its stake in shares of Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 20 shares in the last quarter. Wiser Advisor Group LLC boosted its stake in shares of Lockheed Martin by 65.8% during the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 25 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Lockheed Martin during the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.2 %

Shares of Lockheed Martin stock opened at $548.00 on Wednesday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.07 and a current ratio of 1.30. The stock has a market capitalization of $131.49 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 4.62 and a beta of 0.47. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a 50-day simple moving average of $579.81 and a two-hundred day simple moving average of $516.93.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same period in the previous year, the company earned $6.77 earnings per share. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts anticipate that Lockheed Martin Co. will post 26.65 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors 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 is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.41%. Lockheed Martin’s dividend payout ratio is currently 48.30%.

Analyst Upgrades and Downgrades

LMT has been the topic of several research reports. Melius Research raised shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. Susquehanna dropped their price objective on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a research note on Wednesday, October 23rd. Morgan Stanley boosted their price objective on shares of Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, Barclays boosted their price objective on shares of Lockheed Martin from $505.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.