MEMBERS Trust Co decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 37.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 828 shares of the aerospace company’s stock after selling 500 shares during the quarter. MEMBERS Trust Co’s holdings in Lockheed Martin were worth $317,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Family Legacy Inc. lifted its stake in Lockheed Martin by 0.4% in the third quarter. Family Legacy Inc. now owns 6,947 shares of the aerospace company’s stock valued at $2,663,000 after acquiring an additional 26 shares during the last quarter. Toth Financial Advisory Corp lifted its holdings in shares of Lockheed Martin by 9.2% during the third quarter. Toth Financial Advisory Corp now owns 308 shares of the aerospace company’s stock worth $118,000 after purchasing an additional 26 shares during the period. First Citizens Bank & Trust Co. grew its stake in shares of Lockheed Martin by 2.1% in the third quarter. First Citizens Bank & Trust Co. now owns 1,258 shares of the aerospace company’s stock worth $482,000 after purchasing an additional 26 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Lockheed Martin by 4.2% in the second quarter. Assetmark Inc. now owns 694 shares of the aerospace company’s stock worth $253,000 after acquiring an additional 28 shares during the period. Finally, Bay Harbor Wealth Management LLC increased its position in Lockheed Martin by 24.6% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 142 shares of the aerospace company’s stock valued at $54,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 77.56% of the company’s stock.
LMT traded down $1.12 during trading on Tuesday, hitting $376.01. 9,952 shares of the company’s stock were exchanged, compared to its average volume of 1,487,146. Lockheed Martin Co. has a fifty-two week low of $266.11 and a fifty-two week high of $442.53. The stock has a market cap of $105.51 billion, a P/E ratio of 16.23, a PEG ratio of 2.27 and a beta of 0.98. The business’s 50 day moving average is $374.20 and its two-hundred day moving average is $378.82. The company has a quick ratio of 1.12, a current ratio of 1.33 and a debt-to-equity ratio of 2.34.
Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 20th. The aerospace company reported $6.25 EPS for the quarter, topping the consensus estimate of $6.07 by $0.18. Lockheed Martin had a net margin of 10.18% and a return on equity of 173.43%. The company had revenue of $16.50 billion during the quarter, compared to the consensus estimate of $16.14 billion. During the same period in the previous year, the firm posted $5.66 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, sell-side analysts forecast that Lockheed Martin Co. will post 24.7 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $2.60 per share. This is a positive change from Lockheed Martin’s previous quarterly dividend of $2.40. This represents a $10.40 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Monday, November 30th. Lockheed Martin’s payout ratio is currently 43.74%.
A number of equities research analysts have recently commented on the stock. Morgan Stanley began coverage on shares of Lockheed Martin in a research note on Tuesday, September 8th. They issued an “overweight” rating and a $509.00 price objective on the stock. ValuEngine cut shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Wednesday, October 21st. Argus lifted their price objective on Lockheed Martin from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. The Goldman Sachs Group lowered Lockheed Martin from a “conviction-buy” rating to a “buy” rating in a research report on Sunday, September 20th. Finally, Royal Bank of Canada lifted their target price on Lockheed Martin from $405.00 to $414.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. Lockheed Martin presently has a consensus rating of “Buy” and a consensus price target of $451.18.
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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems.
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