Rothschild & Co. Asset Management US Inc. Lowers Stake in Lockheed Martin Co. (NYSE:LMT)

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Rothschild & Co. Asset Management US Inc. lowered its position in shares of Lockheed Martin Co. (NYSE:LMT) by 10.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,363 shares of the aerospace company’s stock after selling 7,792 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Lockheed Martin were worth $25,436,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Family Legacy Inc. lifted its holdings in shares of Lockheed Martin by 0.4% in the third quarter. Family Legacy Inc. now owns 6,947 shares of the aerospace company’s stock worth $2,663,000 after buying an additional 26 shares in the last quarter. Toth Financial Advisory Corp lifted its holdings in shares of Lockheed Martin by 9.2% in the third quarter. Toth Financial Advisory Corp now owns 308 shares of the aerospace company’s stock worth $118,000 after buying an additional 26 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings 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 buying an additional 26 shares in the last quarter. Assetmark Inc. lifted its holdings 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 buying an additional 28 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC lifted its holdings in shares of Lockheed Martin by 24.6% in the third quarter. Bay Harbor Wealth Management LLC now owns 142 shares of the aerospace company’s stock worth $54,000 after buying an additional 28 shares in the last quarter. 77.56% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently commented on the stock. The Goldman Sachs Group downgraded shares of Lockheed Martin from a “conviction-buy” rating to a “buy” rating in a report on Sunday, September 20th. ValuEngine cut shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Wednesday, October 21st. Argus boosted their price target on shares of Lockheed Martin from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Morgan Stanley began coverage on shares of Lockheed Martin in a research report on Tuesday, September 8th. They issued an “overweight” rating and a $509.00 price target on the stock. Finally, Royal Bank of Canada boosted their price target on shares of Lockheed Martin from $405.00 to $414.00 and gave the stock a “sector perform” rating in a research 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 assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $451.18.

Shares of LMT stock traded up $0.51 during mid-day trading on Tuesday, hitting $377.64. 11,484 shares of the stock traded hands, compared to its average volume of 1,487,146. The stock has a market cap of $105.51 billion, a P/E ratio of 16.23, a P/E/G ratio of 2.27 and a beta of 0.98. The stock’s fifty day moving average is $374.20 and its two-hundred day moving average is $378.82. Lockheed Martin Co. has a 52-week low of $266.11 and a 52-week high of $442.53. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.33 and a quick ratio of 1.12.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 20th. The aerospace company reported $6.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $16.50 billion for the quarter, compared to the consensus estimate of $16.14 billion. During the same quarter in the prior year, the company posted $5.66 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities analysts forecast that Lockheed Martin Co. will post 24.7 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $2.60 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.40. The ex-dividend date is Monday, November 30th. This represents a $10.40 dividend on an annualized basis and a dividend yield of 2.75%. Lockheed Martin’s dividend payout ratio (DPR) is presently 43.74%.

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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