HF Advisory Group LLC Sells 180 Shares of Lockheed Martin Co. (NYSE:LMT)

HF Advisory Group LLC reduced its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 9.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,731 shares of the aerospace company’s stock after selling 180 shares during the quarter. HF Advisory Group LLC’s holdings in Lockheed Martin were worth $1,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LMT. JFG Wealth Management LLC bought a new position in Lockheed Martin in the 3rd quarter valued at about $234,000. Fiduciary Family Office LLC bought a new position in shares of Lockheed Martin in the third quarter valued at approximately $580,000. Cornerstone Capital Inc. boosted its position in shares of Lockheed Martin by 2.6% during the third quarter. Cornerstone Capital Inc. now owns 1,662 shares of the aerospace company’s stock valued at $972,000 after buying an additional 42 shares during the last quarter. Falcon Wealth Planning raised its position in Lockheed Martin by 4.2% in the 3rd quarter. Falcon Wealth Planning now owns 689 shares of the aerospace company’s stock valued at $403,000 after buying an additional 28 shares during the last quarter. Finally, Austin Private Wealth LLC lifted its stake in Lockheed Martin by 14.4% during the 3rd quarter. Austin Private Wealth LLC now owns 1,026 shares of the aerospace company’s stock valued at $600,000 after acquiring an additional 129 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on LMT. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 23rd. Bank of America reiterated a “buy” rating and issued a $635.00 price objective on shares of Lockheed Martin in a research note on Friday, August 30th. Wells Fargo & Company boosted their target price on Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Susquehanna decreased their price target on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. Finally, Melius upgraded 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued 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 Price Performance

LMT opened at $546.65 on Wednesday. The firm has a 50-day moving average price of $578.67 and a 200-day moving average price of $520.06. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. 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 capitalization of $129.58 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 4.46 and a beta of 0.49.

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

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 annualized dividend and a yield of 2.41%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is currently 47.79%.

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.