Horrell Capital Management Inc. trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 10.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,874 shares of the aerospace company's stock after selling 1,668 shares during the period. Lockheed Martin accounts for approximately 2.6% of Horrell Capital Management Inc.'s holdings, making the stock its 9th biggest position. Horrell Capital Management Inc.'s holdings in Lockheed Martin were worth $8,695,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Burkett Financial Services LLC acquired a new stake 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 in the 2nd quarter worth approximately $27,000. Sachetta LLC raised its holdings in shares of Lockheed Martin by 50.0% in the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock worth $28,000 after purchasing an additional 20 shares in the last quarter. Wiser Advisor Group LLC raised its holdings in shares of Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company's stock worth $29,000 after purchasing an additional 25 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Lockheed Martin in the 1st quarter worth approximately $30,000. 74.19% of the stock is owned by institutional investors and hedge funds.
Lockheed Martin Stock Down 1.5 %
LMT stock traded down $8.24 during trading hours on Tuesday, hitting $546.93. The company's stock had a trading volume of 1,040,794 shares, compared to its average volume of 1,056,013. The company has a quick ratio of 1.07, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $131.23 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 4.62 and a beta of 0.47. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The stock has a 50 day moving average price of $580.01 and a two-hundred day moving average price of $516.25.
Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. The company 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 9.36% and a return on equity of 101.44%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.77 earnings per share. On average, equities research analysts expect that Lockheed Martin Co. will post 26.65 earnings per share for the current year.
Lockheed Martin Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be issued a dividend of $3.30 per share. 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 2.41%. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin's dividend payout ratio is currently 48.30%.
Analyst Ratings Changes
LMT has been the topic of a number of research reports. Wells Fargo & Company boosted their target price 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. Royal Bank of Canada cut their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an "overweight" rating in a report on Monday, October 14th. Morgan Stanley boosted their price target 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. Finally, Melius Research upgraded shares of Lockheed Martin to a "strong-buy" rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin presently has an average rating of "Moderate Buy" and a consensus price target of $611.00.
Read Our Latest Analysis on Lockheed Martin
About Lockheed Martin
(
Free Report)
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.
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