Signet Investment Advisory Group Inc. Lowers Stock Position in Lockheed Martin Co. (NYSE:LMT)

Signet Investment Advisory Group Inc. trimmed its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 0.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,800 shares of the aerospace company’s stock after selling 22 shares during the period. Signet Investment Advisory Group Inc.’s holdings in Lockheed Martin were worth $1,637,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Stokes Family Office LLC acquired a new position in Lockheed Martin during the first quarter worth $425,000. Hennessy Advisors Inc. acquired a new position in shares of Lockheed Martin during the 1st quarter valued at about $2,775,000. Webster Bank N. A. grew its holdings in shares of Lockheed Martin by 34.7% in the first quarter. Webster Bank N. A. now owns 194 shares of the aerospace company’s stock valued at $88,000 after purchasing an additional 50 shares during the period. Chemung Canal Trust Co. increased its position in Lockheed Martin by 3.4% during the first quarter. Chemung Canal Trust Co. now owns 2,199 shares of the aerospace company’s stock worth $1,000,000 after purchasing an additional 73 shares during the last quarter. Finally, Vicus Capital raised its stake in Lockheed Martin by 9.7% during the first quarter. Vicus Capital now owns 2,388 shares of the aerospace company’s stock worth $1,086,000 after purchasing an additional 212 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $562.29 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The firm has a market cap of $134.03 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 4.62 and a beta of 0.47. The company’s 50 day moving average is $580.07 and its two-hundred day moving average is $514.62.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same period last year, the firm earned $6.77 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, research analysts expect that Lockheed Martin Co. will post 26.65 EPS for the current fiscal 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 2.35%. Lockheed Martin’s payout ratio is currently 45.62%.

Analyst Ratings Changes

LMT has been the subject of a number of recent analyst reports. Robert W. Baird raised their price target on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. UBS Group upped their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday. Royal Bank of Canada cut their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Susquehanna decreased their target price on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus target price of $606.71.

About Lockheed Martin

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.