Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. boosted its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 36.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,247 shares of the aerospace company's stock after purchasing an additional 865 shares during the period. Brown Lisle Cummings Inc.'s holdings in Lockheed Martin were worth $1,898,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. CVA Family Office LLC increased its holdings in shares of Lockheed Martin by 1.1% during the 3rd quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company's stock worth $905,000 after buying an additional 17 shares during the last quarter. Quad Cities Investment Group LLC increased its holdings in shares of Lockheed Martin by 1.2% during the 3rd quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company's stock worth $919,000 after buying an additional 19 shares during the last quarter. HTLF Bank increased its holdings in shares of Lockheed Martin by 3.7% during the 2nd quarter. HTLF Bank now owns 565 shares of the aerospace company's stock worth $264,000 after buying an additional 20 shares during the last quarter. tru Independence LLC increased its holdings in shares of Lockheed Martin by 2.5% during the 2nd quarter. tru Independence LLC now owns 827 shares of the aerospace company's stock worth $386,000 after buying an additional 20 shares during the last quarter. Finally, Sachetta LLC increased its holdings in shares of Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock worth $28,000 after buying an additional 20 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Insider Buying and Selling

In related news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the sale, the insider now directly owns 8,877 shares in the company, valued at $4,574,850.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by company insiders.

Lockheed Martin Stock Up 0.5 %

Shares of Lockheed Martin stock traded up $2.88 during trading on Monday, hitting $614.69. 1,016,060 shares of the stock were exchanged, compared to its average volume of 1,047,017. The stock has a market cap of $147.49 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 4.84 and a beta of 0.47. The firm's 50-day moving average price is $578.29 and its 200 day moving average price is $511.11. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.45 by $0.66. The business had revenue of $18.12 billion during the quarter, compared to analysts' expectations of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $6.73 EPS. As a group, analysts forecast that Lockheed Martin Co. will post 26.68 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. 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 2.15%. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin's payout ratio is 48.30%.

Analyst Ratings Changes

A number of analysts have recently issued reports on LMT shares. 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. Barclays increased their price objective on shares of Lockheed Martin from $480.00 to $505.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 30th. Melius Research raised shares of Lockheed Martin to a "strong-buy" rating in a research report on Tuesday, September 3rd. 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 report on Tuesday, September 3rd. Finally, Wells Fargo & Company increased their price objective on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $597.92.

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.