Lockheed Martin Co. (NYSE:LMT) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 93.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 827 shares of the aerospace company’s stock after selling 12,287 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Lockheed Martin were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of LMT. Lantz Financial LLC raised its holdings in Lockheed Martin by 2.6% in the second quarter. Lantz Financial LLC now owns 4,882 shares of the aerospace company’s stock valued at $2,281,000 after acquiring an additional 123 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Lockheed Martin by 11.3% in the 2nd quarter. Apollon Wealth Management LLC now owns 10,106 shares of the aerospace company’s stock valued at $4,720,000 after purchasing an additional 1,030 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at $803,000. Pallas Capital Advisors LLC lifted its position in shares of Lockheed Martin by 5.9% during the 2nd quarter. Pallas Capital Advisors LLC now owns 1,411 shares of the aerospace company’s stock worth $671,000 after purchasing an additional 79 shares during the last quarter. Finally, Focus Financial Network Inc. increased its holdings in Lockheed Martin by 5.3% in the second quarter. Focus Financial Network Inc. now owns 2,416 shares of the aerospace company’s stock valued at $1,150,000 after buying an additional 121 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.4 %

LMT opened at $494.65 on Monday. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The business has a 50 day moving average price of $552.79 and a two-hundred day moving average price of $533.00. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The company has a market cap of $117.25 billion, a PE ratio of 17.91, a P/E/G ratio of 4.13 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.77 earnings per share. As a group, research analysts anticipate that Lockheed Martin Co. will post 26.88 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.67%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s payout ratio is 47.79%.

Analyst Ratings Changes

A number of analysts have issued reports on LMT shares. Wells Fargo & Company decreased their price target on Lockheed Martin from $602.00 to $543.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their target price on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Royal Bank of Canada reduced their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, Bank of America reaffirmed a “buy” rating and issued a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $612.29.

Lockheed Martin 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.