Realta Investment Advisors trimmed its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 48.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,248 shares of the aerospace company's stock after selling 1,187 shares during the quarter. Realta Investment Advisors' holdings in Lockheed Martin were worth $762,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burkett Financial Services LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $32,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin during the second quarter worth $27,000. Sachetta LLC lifted 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 valued at $28,000 after acquiring an additional 20 shares during the period. Wiser Advisor Group LLC boosted its stake 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 valued at $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 about $30,000. 74.19% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Royal Bank of Canada cut their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their target price on Lockheed Martin from $483.00 to $525.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 24th. Melius upgraded 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. Susquehanna reduced their price objective on Lockheed Martin from $705.00 to $695.00 and set a "positive" rating on the stock in a research note on Wednesday, October 23rd. Finally, TD Cowen raised their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $611.00.
View Our Latest Stock Report on LMT
Lockheed Martin Trading Down 0.1 %
Shares of NYSE:LMT traded down $0.70 during trading on Friday, hitting $545.35. 792,756 shares of the company's stock were exchanged, compared to its average volume of 951,561. 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 firm has a market cap of $129.27 billion, a P/E ratio of 19.74, a PEG ratio of 4.47 and a beta of 0.49. The firm has a 50-day moving average price of $579.25 and a two-hundred day moving average price of $518.42. 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 earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts' consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.77 EPS. Equities analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current year.
Lockheed Martin Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a $3.30 dividend. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 annualized dividend and a yield of 2.42%. Lockheed Martin's dividend payout ratio is presently 45.62%.
Lockheed Martin Company Profile
(
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.
Featured Articles
Before you consider Lockheed Martin, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lockheed Martin wasn't on the list.
While Lockheed Martin currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
