Curbstone Financial Management Corp Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

Curbstone Financial Management Corp bought a new stake in Lockheed Martin Co. (NYSE:LMT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 720 shares of the aerospace company’s stock, valued at approximately $421,000.

A number of other institutional investors also recently modified their holdings of the company. Czech National Bank raised its stake in shares of Lockheed Martin by 6.2% in the third quarter. Czech National Bank now owns 43,214 shares of the aerospace company’s stock valued at $25,261,000 after acquiring an additional 2,520 shares during the last quarter. Trust Co. of Toledo NA OH increased its holdings in shares of Lockheed Martin by 4.2% in the third quarter. Trust Co. of Toledo NA OH now owns 9,988 shares of the aerospace company’s stock valued at $5,839,000 after purchasing an additional 402 shares in the last quarter. American National Bank & Trust increased its holdings in shares of Lockheed Martin by 1.3% in the third quarter. American National Bank & Trust now owns 36,560 shares of the aerospace company’s stock valued at $21,372,000 after purchasing an additional 457 shares in the last quarter. Davis Capital Management increased its holdings in shares of Lockheed Martin by 4.9% in the third quarter. Davis Capital Management now owns 1,872 shares of the aerospace company’s stock valued at $1,094,000 after purchasing an additional 88 shares in the last quarter. Finally, Mattson Financial Services LLC acquired a new stake in shares of Lockheed Martin in the second quarter valued at approximately $27,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on LMT. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Wednesday. UBS Group raised their price target on shares of Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Melius raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 target price for the company in a report on Tuesday, September 3rd. Royal Bank of Canada raised shares of Lockheed Martin from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $500.00 to $600.00 in a report on Monday, August 5th. Finally, Bank of America reaffirmed a “buy” rating and set a $635.00 target price on shares of Lockheed Martin in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $562.54.

Insider Activity at Lockheed Martin

In related news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total value of $2,048,556.00. Following the sale, the insider now owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by insiders.

Lockheed Martin Trading Down 0.1 %

Shares of NYSE LMT traded down $0.69 during midday trading on Friday, reaching $605.13. 560,051 shares of the stock were exchanged, compared to its average volume of 1,065,046. The business has a 50-day simple moving average of $565.71 and a two-hundred day simple moving average of $499.21. The company has a market capitalization of $145.19 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 4.66 and a beta of 0.47. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $611.49. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.45 by $0.66. The business had revenue of $18.12 billion for the quarter, compared to analysts’ expectations of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.73 EPS. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.65 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be given a $3.30 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a yield of 2.18%. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s payout ratio is currently 46.10%.

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.