MAI Capital Management Has $21.75 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

MAI Capital Management lowered its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,203 shares of the aerospace company's stock after selling 3,134 shares during the period. MAI Capital Management's holdings in Lockheed Martin were worth $21,747,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Burkett Financial Services LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter worth approximately $32,000. Mattson Financial Services LLC acquired a new stake in shares of Lockheed Martin during the second quarter worth approximately $27,000. Sachetta LLC boosted its holdings in shares of 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 purchasing an additional 20 shares during the period. Wiser Advisor Group LLC boosted its holdings in shares of Lockheed Martin by 65.8% during the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company's stock worth $29,000 after purchasing an additional 25 shares during the period. Finally, Stephens Consulting LLC boosted its holdings in shares of Lockheed Martin by 48.9% during the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company's stock worth $31,000 after purchasing an additional 22 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LMT. Wells Fargo & Company raised their price target on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 24th. UBS Group raised their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lockheed Martin from $600.00 to $620.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Melius Research raised shares of Lockheed Martin to a "strong-buy" rating in a research report on Tuesday, September 3rd. Finally, Citigroup raised their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a "buy" rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of "Moderate Buy" and a consensus price target of $611.00.

Lockheed Martin Stock Performance

LMT traded down $3.87 during midday trading on Monday, reaching $530.96. The company's stock had a trading volume of 1,242,825 shares, compared to its average volume of 1,064,468. The stock has a market cap of $125.86 billion, a P/E ratio of 19.22, a PEG ratio of 4.37 and a beta of 0.49. The company has a fifty day simple moving average of $575.61 and a 200 day simple moving average of $525.71. 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 Co. has a twelve month low of $413.92 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results 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 firm had revenue of $17.10 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $6.77 EPS. Research analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.49%. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.15. Lockheed Martin's dividend payout ratio (DPR) is 47.79%.

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.