Campbell & CO Investment Adviser LLC bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 859 shares of the aerospace company’s stock, valued at approximately $335,000.
Other institutional investors have also modified their holdings of the company. Krane Funds Advisors LLC bought a new position in Lockheed Martin during the 2nd quarter worth about $26,000. Accurate Investment Solutions Inc. grew its holdings in Lockheed Martin by 257.1% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 75 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 54 shares in the last quarter. Paragon Capital Management LLC grew its holdings in Lockheed Martin by 406.7% during the 2nd quarter. Paragon Capital Management LLC now owns 76 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 61 shares in the last quarter. MRA Associates USA LLC bought a new position in Lockheed Martin during the 2nd quarter worth about $38,000. Finally, Trustcore Financial Services LLC grew its holdings in Lockheed Martin by 245.5% during the 2nd quarter. Trustcore Financial Services LLC now owns 114 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 81 shares in the last quarter. Institutional investors own 78.37% of the company’s stock.
Several brokerages have issued reports on LMT. DZ Bank reiterated a “hold” rating on shares of Lockheed Martin in a report on Thursday, July 25th. Credit Suisse Group increased their target price on shares of Lockheed Martin from $379.00 to $401.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. ValuEngine cut shares of Lockheed Martin from a “hold” rating to a “sell” rating in a report on Saturday. Morgan Stanley increased their price target on shares of Lockheed Martin from $376.00 to $381.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, Barclays reissued a “hold” rating and set a $410.00 price target on shares of Lockheed Martin in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Lockheed Martin has a consensus rating of “Buy” and an average price target of $372.64.
LMT stock opened at $372.48 on Friday. The firm has a market cap of $106.48 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 2.50 and a beta of 0.96. The firm has a 50-day simple moving average of $385.59 and a two-hundred day simple moving average of $357.65. Lockheed Martin Co. has a one year low of $241.18 and a one year high of $399.96. The company has a debt-to-equity ratio of 4.36, a quick ratio of 0.96 and a current ratio of 1.20.
Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.74 by $0.26. The business had revenue of $14.42 billion during the quarter, compared to analyst estimates of $14.17 billion. Lockheed Martin had a net margin of 10.18% and a return on equity of 297.37%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.31 earnings per share. As a group, equities analysts predict that Lockheed Martin Co. will post 21.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be given a dividend of $2.40 per share. This represents a $9.60 annualized dividend and a dividend yield of 2.58%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $2.20. The ex-dividend date is Friday, November 29th. Lockheed Martin’s dividend payout ratio is presently 49.30%.
In related news, Chairman Marillyn A. Hewson sold 19,500 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $369.14, for a total value of $7,198,230.00. Following the completion of the transaction, the chairman now directly owns 46,534 shares of the company’s stock, valued at approximately $17,177,560.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maryanne Lavan sold 1,003 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $365.50, for a total transaction of $366,596.50. Following the completion of the transaction, the senior vice president now directly owns 1,478 shares of the company’s stock, valued at $540,209. The disclosure for this sale can be found here. Insiders sold a total of 22,503 shares of company stock valued at $8,292,527 over the last ninety days. 0.35% of the stock is currently owned by insiders.
Lockheed Martin 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 (MFC), Rotary and Mission Systems (RMS), and Space.
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