Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Huntington National Bank

Huntington National Bank boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 3.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 144,750 shares of the aerospace company’s stock after acquiring an additional 5,279 shares during the quarter. Huntington National Bank owned 0.06% of Lockheed Martin worth $84,615,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its position in shares of Lockheed Martin by 10.1% during the 1st quarter. Russell Investments Group Ltd. now owns 54,030 shares of the aerospace company’s stock valued at $24,577,000 after acquiring an additional 4,976 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Lockheed Martin during the first quarter worth approximately $30,000. Kingsview Wealth Management LLC increased its stake in shares of Lockheed Martin by 2.8% during the first quarter. Kingsview Wealth Management LLC now owns 17,369 shares of the aerospace company’s stock worth $7,901,000 after buying an additional 475 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of Lockheed Martin by 1.5% during the first quarter. Lord Abbett & CO. LLC now owns 112,070 shares of the aerospace company’s stock worth $50,977,000 after buying an additional 1,628 shares during the period. Finally, Blair William & Co. IL increased its stake in shares of Lockheed Martin by 8.8% during the first quarter. Blair William & Co. IL now owns 31,819 shares of the aerospace company’s stock worth $14,474,000 after buying an additional 2,563 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $557.73 on Thursday. The company has a market cap of $132.20 billion, a P/E ratio of 20.19, a PEG ratio of 4.63 and a beta of 0.49. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The business’s 50-day simple moving average is $578.09 and its 200 day simple moving average is $523.56.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 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 the consensus estimate of $17.38 billion. During the same period last year, the business posted $6.77 EPS. The company’s revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts forecast that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be issued 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 annualized dividend and a yield of 2.37%. Lockheed Martin’s payout ratio is currently 47.79%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Bank of America restated a “buy” rating and set a $635.00 target price on shares of Lockheed Martin in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft upped their price target on Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Robert W. Baird upped their price target on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Melius raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price target for the company in a report on Tuesday, September 3rd. Finally, StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, 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.