Lockheed Martin Co. (NYSE:LMT) Shares Sold by Rock Point Advisors LLC

Rock Point Advisors LLC decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 590 shares of the aerospace company’s stock after selling 35 shares during the period. Rock Point Advisors LLC’s holdings in Lockheed Martin were worth $345,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Burkett Financial Services LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $32,000. Mattson Financial Services LLC acquired a new stake in Lockheed Martin in the second quarter valued at $27,000. Sachetta LLC grew its holdings in 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 purchasing an additional 20 shares during the last quarter. Stephens Consulting LLC increased its position in shares of Lockheed Martin by 48.9% in the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after buying an additional 22 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin during the 3rd quarter worth $40,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 0.4 %

NYSE:LMT traded up $2.17 during mid-day trading on Tuesday, reaching $524.06. The company’s stock had a trading volume of 173,377 shares, compared to its average volume of 1,072,808. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The stock has a market cap of $124.22 billion, a P/E ratio of 18.90, a P/E/G ratio of 4.43 and a beta of 0.49. The company’s fifty day simple moving average is $572.10 and its two-hundred day simple moving average is $528.17. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95.

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 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 business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the prior year, the firm posted $6.77 EPS. The company’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend 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 dividend yield of 2.52%. Lockheed Martin’s payout ratio is currently 45.62%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. UBS Group increased their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Bank of America restated a “buy” rating and set a $635.00 price objective on shares of Lockheed Martin in a research report on Friday, August 30th. Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, Melius raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price target for the company in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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.