Longfellow Investment Management Co. LLC Has $501,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Longfellow Investment Management Co. LLC lessened its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 58.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 857 shares of the aerospace company's stock after selling 1,186 shares during the period. Longfellow Investment Management Co. LLC's holdings in Lockheed Martin were worth $501,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in Lockheed Martin by 60,592.0% during the third quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock worth $911,433,000 after acquiring an additional 1,556,609 shares in the last quarter. Wulff Hansen & CO. raised its position in shares of Lockheed Martin by 56,626.7% during the second quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company's stock worth $476,947,000 after purchasing an additional 1,019,281 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of Lockheed Martin by 124.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 450,870 shares of the aerospace company's stock valued at $263,561,000 after purchasing an additional 249,591 shares in the last quarter. Legal & General Group Plc grew its position in shares of Lockheed Martin by 14.9% in the 2nd quarter. Legal & General Group Plc now owns 1,384,774 shares of the aerospace company's stock valued at $646,828,000 after purchasing an additional 180,074 shares during the period. Finally, Cetera Investment Advisers increased its stake in Lockheed Martin by 272.5% during the 1st quarter. Cetera Investment Advisers now owns 190,039 shares of the aerospace company's stock worth $86,443,000 after purchasing an additional 139,025 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on LMT. Robert W. Baird lifted their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. UBS Group upped their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Melius Research upgraded Lockheed Martin to a "strong-buy" rating in a report on Tuesday, September 3rd. Morgan Stanley boosted their price target on Lockheed Martin from $503.00 to $599.00 and gave the company an "equal weight" rating in a report on Friday, August 9th. Finally, Bank of America reiterated a "buy" rating and set a $635.00 price objective on shares of Lockheed Martin in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $611.00.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded down $20.33 during trading on Monday, hitting $521.89. 3,606,065 shares of the stock were exchanged, compared to its average volume of 1,076,959. 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 company has a fifty day moving average price of $573.12 and a 200-day moving average price of $527.79. The stock has a market capitalization of $123.71 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth 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.

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

Lockheed Martin Increases Dividend

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

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.