Lockheed Martin Co. (NYSE:LMT) Stock Holdings Increased by Brooklyn Investment Group

Brooklyn Investment Group boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 9.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,582 shares of the aerospace company’s stock after purchasing an additional 133 shares during the period. Brooklyn Investment Group’s holdings in Lockheed Martin were worth $925,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of Lockheed Martin by 6.6% in the third quarter. FMR LLC now owns 3,389,025 shares of the aerospace company’s stock worth $1,981,088,000 after acquiring an additional 209,591 shares during the last quarter. Patton Albertson Miller Group LLC acquired a new position in Lockheed Martin in the 3rd quarter worth about $205,000. Qsemble Capital Management LP raised its stake in shares of Lockheed Martin by 64.8% during the 3rd quarter. Qsemble Capital Management LP now owns 7,515 shares of the aerospace company’s stock worth $4,393,000 after purchasing an additional 2,956 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Lockheed Martin by 2.1% during the 3rd quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company’s stock valued at $382,498,000 after buying an additional 13,253 shares during the last quarter. Finally, Capital Square LLC grew its stake in shares of Lockheed Martin by 1.8% in the 3rd quarter. Capital Square LLC now owns 1,477 shares of the aerospace company’s stock valued at $863,000 after buying an additional 26 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of analyst reports. Susquehanna reduced their target price on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research note on Wednesday, October 23rd. Melius raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective for the company in a research note on Tuesday, September 3rd. Royal Bank of Canada lowered their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Citigroup boosted their price target on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Melius Research raised Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average target price of $611.00.

Lockheed Martin Trading Down 0.3 %

Shares of Lockheed Martin stock opened at $520.30 on Tuesday. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The company’s fifty day simple moving average is $572.10 and its 200-day simple moving average is $528.17. The company has a market cap of $123.33 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 4.43 and a beta of 0.49. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the previous year, the firm posted $6.77 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be given a $3.30 dividend. The ex-dividend date is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.54%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is currently 45.62%.

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.