BNP Paribas Financial Markets Increases Position in Lockheed Martin Co. (NYSE:LMT)

BNP Paribas Financial Markets increased its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 49.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 480,947 shares of the aerospace company's stock after acquiring an additional 158,064 shares during the period. BNP Paribas Financial Markets owned approximately 0.20% of Lockheed Martin worth $281,142,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LMT. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin in the third quarter valued at about $32,000. Mattson Financial Services LLC purchased a new stake in Lockheed Martin in the 2nd quarter valued at approximately $27,000. Sachetta LLC increased its position in Lockheed Martin by 50.0% during the second quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock worth $28,000 after buying an additional 20 shares in the last quarter. Stephens Consulting LLC raised its holdings 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 worth $31,000 after acquiring an additional 22 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin during the third quarter valued at $40,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LMT has been the topic of a number of recent research reports. Royal Bank of Canada reduced their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. Melius raised shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 target price for the company in a research note on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on Lockheed Martin from $600.00 to $620.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Melius Research upgraded Lockheed Martin to a "strong-buy" rating in a research report on Tuesday, September 3rd. Finally, TD Cowen lifted their price target on Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $611.00.

Lockheed Martin Stock Down 0.1 %

NYSE:LMT traded down $0.41 during mid-day trading on Tuesday, hitting $521.48. The company had a trading volume of 1,343,734 shares, compared to its average volume of 1,078,074. The business has a fifty day simple moving average of $571.19 and a 200-day simple moving average of $528.54. The firm has a market capitalization of $123.61 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 4.43 and a beta of 0.49. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company's revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $6.77 EPS. Equities analysts forecast that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a $3.30 dividend. The ex-dividend date is Monday, December 2nd. This is an increase from Lockheed Martin's previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a dividend yield of 2.53%. Lockheed Martin's dividend payout ratio is 45.62%.

About Lockheed Martin

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.