Lockheed Martin Co. (NYSE:LMT) Shares Sold by Accredited Investors Inc.

Accredited Investors Inc. lowered its position in shares of Lockheed Martin Co. (NYSE:LMT) by 14.3% in the third quarter, HoldingsChannel.com reports. The fund owned 395 shares of the aerospace company’s stock after selling 66 shares during the quarter. Accredited Investors Inc.’s holdings in Lockheed Martin were worth $231,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in LMT. WESPAC Advisors SoCal LLC lifted its holdings in shares of Lockheed Martin by 2.9% during the third quarter. WESPAC Advisors SoCal LLC now owns 3,756 shares of the aerospace company’s stock worth $2,195,000 after purchasing an additional 107 shares during the period. River Street Advisors LLC increased its holdings in Lockheed Martin by 25.8% in the 3rd quarter. River Street Advisors LLC now owns 717 shares of the aerospace company’s stock worth $419,000 after buying an additional 147 shares during the period. Evergreen Wealth Management LLC raised its position in Lockheed Martin by 19.6% during the 3rd quarter. Evergreen Wealth Management LLC now owns 6,440 shares of the aerospace company’s stock worth $3,765,000 after buying an additional 1,057 shares during the last quarter. Natixis Advisors LLC lifted its stake in Lockheed Martin by 10.0% during the 3rd quarter. Natixis Advisors LLC now owns 100,795 shares of the aerospace company’s stock valued at $58,921,000 after acquiring an additional 9,152 shares during the period. Finally, Coastline Trust Co lifted its stake in Lockheed Martin by 2.2% during the 3rd quarter. Coastline Trust Co now owns 3,538 shares of the aerospace company’s stock valued at $2,068,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE:LMT opened at $534.83 on Monday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The stock has a market capitalization of $126.77 billion, a PE ratio of 19.36, a P/E/G ratio of 4.37 and a beta of 0.49. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The company has a fifty day moving average of $576.52 and a two-hundred day moving average of $525.23.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.77 EPS. As a group, research analysts forecast that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Monday, December 2nd. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is 47.79%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LMT shares. Barclays increased their price objective on shares of Lockheed Martin from $505.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Royal Bank of Canada cut their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Morgan Stanley boosted their price objective on Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Bank of America reaffirmed a “buy” rating and set a $635.00 target price on shares of Lockheed Martin in a report on Friday, August 30th. Finally, Robert W. Baird lifted their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average 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.