Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,148 shares of the aerospace company’s stock after acquiring an additional 307 shares during the period. Private Advisor Group LLC’s holdings in Lockheed Martin were worth $19,236,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC grew its position in shares of Lockheed Martin by 81,305.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,907,328 shares of the aerospace company’s stock valued at $927,896,000 after acquiring an additional 1,904,985 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Lockheed Martin by 197.7% in the first quarter. Envestnet Asset Management Inc. now owns 1,495,056 shares of the aerospace company’s stock valued at $253,332,000 after buying an additional 992,835 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Lockheed Martin during the 2nd quarter worth approximately $351,143,000. Renaissance Technologies LLC raised its stake in shares of Lockheed Martin by 586.8% during the 1st quarter. Renaissance Technologies LLC now owns 369,500 shares of the aerospace company’s stock worth $163,097,000 after buying an additional 315,700 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Lockheed Martin by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,256,069 shares of the aerospace company’s stock valued at $2,320,030,000 after buying an additional 264,665 shares in the last quarter. 74.26% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 0.1 %

Lockheed Martin stock traded down $0.38 during mid-day trading on Thursday, hitting $444.76. The company’s stock had a trading volume of 120,829 shares, compared to its average volume of 1,246,558. The stock’s fifty day moving average is $431.86 and its two-hundred day moving average is $446.17. The company has a current ratio of 1.36, a quick ratio of 1.16 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $110.34 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.90 and a beta of 0.60. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $508.10.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 17th. The aerospace company reported $6.77 earnings per share for the quarter, topping analysts’ consensus estimates of $6.67 by $0.10. The business had revenue of $16.88 billion during the quarter, compared to analysts’ expectations of $16.73 billion. Lockheed Martin had a return on equity of 75.46% and a net margin of 10.29%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $6.87 EPS. On average, analysts anticipate that Lockheed Martin Co. will post 27.17 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be paid a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.83%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Thursday, November 30th. Lockheed Martin’s payout ratio is 43.84%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wells Fargo & Company upgraded shares of Lockheed Martin from an “underweight” rating to an “equal weight” rating and set a $440.00 price objective for the company in a research report on Monday, September 18th. Susquehanna cut their price objective on Lockheed Martin from $575.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, July 19th. Royal Bank of Canada lowered their price target on Lockheed Martin from $500.00 to $475.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 19th. Deutsche Bank Aktiengesellschaft began coverage on Lockheed Martin in a research note on Wednesday, September 27th. They issued a “hold” rating and a $435.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $495.00 to $481.00 and set a “neutral” rating for the company in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $484.07.

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.