Lockheed Martin Co. (NYSE:LMT) Shares Sold by Vectors Research Management LLC

Vectors Research Management LLC reduced its position in Lockheed Martin Co. (NYSE:LMT) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,109 shares of the aerospace company’s stock after selling 111 shares during the quarter. Vectors Research Management LLC’s holdings in Lockheed Martin were worth $1,817,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blair William & Co. IL lifted its holdings in shares of Lockheed Martin by 8.8% during the 1st quarter. Blair William & Co. IL now owns 31,819 shares of the aerospace company’s stock valued at $14,474,000 after acquiring an additional 2,563 shares in the last quarter. Intech Investment Management LLC grew its position in Lockheed Martin by 27.9% during the first quarter. Intech Investment Management LLC now owns 64,208 shares of the aerospace company’s stock valued at $29,206,000 after purchasing an additional 14,018 shares in the last quarter. Spirepoint Private Client LLC bought a new position in Lockheed Martin during the first quarter valued at about $6,591,000. TIAA Trust National Association grew its stake in shares of Lockheed Martin by 3.5% in the first quarter. TIAA Trust National Association now owns 9,811 shares of the aerospace company’s stock worth $4,463,000 after acquiring an additional 334 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Lockheed Martin during the first quarter valued at approximately $2,325,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $539.04 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The business has a 50-day simple moving average of $577.75 and a 200-day simple moving average of $523.80. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The stock has a market cap of $127.77 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 4.56 and a beta of 0.49.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The business 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 company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.77 earnings per share. On average, equities analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Monday, December 2nd. 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 dividend yield of 2.45%. Lockheed Martin’s payout ratio is currently 45.62%.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. UBS Group raised their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Barclays raised their target price on Lockheed Martin from $505.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Melius Research raised shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.