Second Half Financial Partners LLC Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

Second Half Financial Partners LLC bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,371 shares of the aerospace company's stock, valued at approximately $3,140,000. Lockheed Martin accounts for about 1.7% of Second Half Financial Partners LLC's portfolio, making the stock its 18th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of LMT. International Assets Investment Management LLC boosted its holdings in Lockheed Martin by 60,592.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock valued at $911,433,000 after purchasing an additional 1,556,609 shares during the period. Wulff Hansen & CO. raised its position in shares of Lockheed Martin by 56,626.7% in the second quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company's stock worth $476,947,000 after buying an additional 1,019,281 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of Lockheed Martin by 124.0% in the third quarter. Los Angeles Capital Management LLC now owns 450,870 shares of the aerospace company's stock worth $263,561,000 after buying an additional 249,591 shares in the last quarter. Capital Research Global Investors boosted its stake in Lockheed Martin by 29.7% during the first quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company's stock valued at $433,621,000 after buying an additional 218,506 shares during the period. Finally, Legal & General Group Plc grew its position in Lockheed Martin by 14.9% during the second quarter. Legal & General Group Plc now owns 1,384,774 shares of the aerospace company's stock worth $646,828,000 after buying an additional 180,074 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Up 0.4 %

Shares of NYSE LMT traded up $2.29 during midday trading on Tuesday, reaching $533.25. The company had a trading volume of 935,750 shares, compared to its average volume of 1,063,896. The stock has a market cap of $126.40 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 4.37 and a beta of 0.49. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The firm's fifty day moving average price is $575.61 and its 200-day moving average price is $525.71. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly 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 company had revenue of $17.10 billion during 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 firm's revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $6.77 earnings per share. On average, equities research analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be paid a $3.30 dividend. This is an increase from Lockheed Martin's previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Monday, December 2nd. Lockheed Martin's dividend payout ratio is presently 45.62%.

Wall Street Analyst Weigh In

LMT has been the topic of several recent analyst reports. Melius raised Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 price target on the stock in a report on Tuesday, September 3rd. Barclays lifted their target price on shares of Lockheed Martin from $505.00 to $565.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Robert W. Baird boosted their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Bank of America restated a "buy" rating and set a $635.00 price objective on shares of Lockheed Martin in a research report on Friday, August 30th. Finally, Melius Research upgraded shares of Lockheed Martin to a "strong-buy" rating in a research 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $611.00.

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.