Lockheed Martin Co. (NYSE:LMT) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its position in shares of Lockheed Martin Co. (NYSE:LMT) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,211,816 shares of the aerospace company’s stock after selling 17,807 shares during the quarter. Lockheed Martin accounts for 0.7% of Stifel Financial Corp’s portfolio, making the stock its 20th largest position. Stifel Financial Corp owned about 0.51% of Lockheed Martin worth $708,466,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Swmg LLC grew its holdings in shares of Lockheed Martin by 37.6% in the 3rd quarter. Swmg LLC now owns 5,642 shares of the aerospace company’s stock worth $3,147,000 after acquiring an additional 1,543 shares during the last quarter. SYM FINANCIAL Corp purchased a new position in shares of Lockheed Martin during the third quarter valued at $240,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at $92,000. Quantinno Capital Management LP grew its holdings in shares of Lockheed Martin by 81.4% during the third quarter. Quantinno Capital Management LP now owns 25,753 shares of the aerospace company’s stock valued at $15,054,000 after buying an additional 11,555 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in shares of Lockheed Martin by 2.7% during the third quarter. Royal London Asset Management Ltd. now owns 88,472 shares of the aerospace company’s stock valued at $51,717,000 after buying an additional 2,350 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.1 %

Lockheed Martin stock opened at $517.41 on Thursday. 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 business’s 50-day simple moving average is $565.09 and its 200-day simple moving average is $530.45. The firm has a market capitalization of $122.65 billion, a PE ratio of 18.73, a PEG ratio of 4.22 and a beta of 0.46. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $17.38 billion. During the same period in the previous year, the company posted $6.77 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities research analysts forecast that Lockheed Martin Co. will post 26.94 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be issued a $3.30 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 annualized dividend and a yield of 2.55%. Lockheed Martin’s dividend payout ratio is 47.79%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LMT shares. Susquehanna lowered their price target on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a report on Wednesday, October 23rd. Melius Research raised Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, September 3rd. UBS Group lifted their price objective on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Melius raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective for the company in a research report on Tuesday, September 3rd. Finally, Robert W. Baird lifted their price objective 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 assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and an average price target of $611.00.

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.