Coastline Trust Co Increases Holdings in Lockheed Martin Co. (NYSE:LMT)

Coastline Trust Co increased its stake in Lockheed Martin Co. (NYSE:LMT) by 2.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 3,538 shares of the aerospace company’s stock after buying an additional 75 shares during the quarter. Coastline Trust Co’s holdings in Lockheed Martin were worth $2,068,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Mattson Financial Services LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $27,000. Sachetta LLC raised its stake in shares of Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after buying an additional 20 shares during the period. Wiser Advisor Group LLC lifted its position 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 buying an additional 25 shares during the last quarter. Stephens Consulting LLC grew its stake in shares of Lockheed Martin by 48.9% during the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 22 shares during the period. Finally, Burkett Financial Services LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth about $32,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT opened at $534.82 on Friday. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a market cap of $126.77 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 4.56 and a beta of 0.49. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The stock has a fifty day simple moving average of $576.52 and a two-hundred day simple moving average of $524.37.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter in the prior year, the company earned $6.77 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. Research analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be given a $3.30 dividend. The ex-dividend date is Monday, December 2nd. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a yield of 2.47%. Lockheed Martin’s dividend payout ratio is 45.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. 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 report on Wednesday, October 23rd. Melius Research upgraded shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. Wells Fargo & Company boosted their target price on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Melius raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective for the company in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus price target of $611.00.

Lockheed Martin 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.