878 Shares in Lockheed Martin Co. (NYSE:LMT) Purchased by Community Trust & Investment Co.

Community Trust & Investment Co. purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 878 shares of the aerospace company's stock, valued at approximately $513,000.

A number of other hedge funds have also added to or reduced their stakes in LMT. Wulff Hansen & CO. raised its holdings in shares of Lockheed Martin by 56,626.7% in the 2nd 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. Van ECK Associates Corp raised its holdings in Lockheed Martin by 1,075.2% during the 1st quarter. Van ECK Associates Corp now owns 481,106 shares of the aerospace company's stock valued at $218,841,000 after acquiring an additional 440,169 shares during the period. Capital Research Global Investors raised its holdings in Lockheed Martin by 29.7% during the 1st quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company's stock valued at $433,621,000 after acquiring an additional 218,506 shares during the period. National Bank of Canada FI raised its holdings in Lockheed Martin by 219.3% during the 1st quarter. National Bank of Canada FI now owns 318,107 shares of the aerospace company's stock valued at $149,138,000 after acquiring an additional 218,466 shares during the period. Finally, Legal & General Group Plc raised its holdings in Lockheed Martin by 14.9% during 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 acquiring an additional 180,074 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group boosted their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a "neutral" rating in a report on Wednesday. Morgan Stanley boosted their target price on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an "equal weight" rating in a report on Friday, August 9th. Melius upgraded shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 price target for the company in a research report on Tuesday, September 3rd. StockNews.com upgraded shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. Finally, Robert W. Baird boosted their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin has an average rating of "Moderate Buy" and an average target price of $606.71.

Lockheed Martin Trading Down 1.0 %

NYSE LMT traded down $5.88 during trading on Wednesday, hitting $571.10. 1,293,007 shares of the company's stock traded hands, compared to its average volume of 1,054,155. The stock has a fifty day moving average of $579.95 and a two-hundred day moving average of $513.50. 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 Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The firm has a market cap of $137.03 billion, a P/E ratio of 20.90, a PEG ratio of 4.84 and a beta of 0.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.77 earnings per share. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.68 EPS for the current 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 paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.31%. This is an increase from Lockheed Martin's previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. Lockheed Martin's dividend payout ratio is 48.30%.

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.