KPP Advisory Services LLC Reduces Holdings in Lockheed Martin Co. (NYSE:LMT)

KPP Advisory Services LLC cut its holdings in Lockheed Martin Co. (NYSE:LMT) by 4.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 991 shares of the aerospace company’s stock after selling 46 shares during the period. KPP Advisory Services LLC’s holdings in Lockheed Martin were worth $579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of LMT. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin in the second quarter worth $27,000. Sachetta LLC grew its holdings in Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after buying an additional 20 shares in the last quarter. Wiser Advisor Group LLC increased its position in shares of Lockheed Martin by 65.8% during the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after buying an additional 25 shares during the period. Stephens Consulting LLC lifted its holdings in shares of Lockheed Martin by 48.9% in the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock worth $31,000 after buying an additional 22 shares in the last quarter. Finally, Burkett Financial Services LLC bought a new position in shares of Lockheed Martin in the third quarter valued at approximately $32,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $534.83 on Friday. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The firm has a market cap of $126.78 billion, a P/E ratio of 19.36, a P/E/G ratio of 4.37 and a beta of 0.49. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The firm has a 50-day moving average of $576.52 and a 200-day moving average of $524.79.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same period in the previous year, the firm earned $6.77 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. Sell-side analysts expect that Lockheed Martin Co. will post 26.89 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. Investors of record on Monday, December 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Monday, December 2nd. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a dividend yield of 2.47%. Lockheed Martin’s payout ratio is currently 45.62%.

Analyst Ratings Changes

Several analysts have issued reports on LMT shares. Robert W. Baird increased their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. TD Cowen lifted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley boosted their target price on Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Melius Research raised Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, Barclays upped their price objective on shares of Lockheed Martin from $505.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $611.00.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.