Sage Capital Advisors llc Boosts Holdings in Lockheed Martin Co. (NYSE:LMT)

Sage Capital Advisors llc boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 3.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,007 shares of the aerospace company’s stock after acquiring an additional 307 shares during the period. Lockheed Martin comprises approximately 1.5% of Sage Capital Advisors llc’s portfolio, making the stock its 22nd largest position. Sage Capital Advisors llc’s holdings in Lockheed Martin were worth $5,849,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Regal Investment Advisors LLC raised its holdings in shares of Lockheed Martin by 33.8% in the fourth quarter. Regal Investment Advisors LLC now owns 930 shares of the aerospace company’s stock valued at $421,000 after buying an additional 235 shares during the last quarter. Cresset Asset Management LLC increased its stake in Lockheed Martin by 9.9% in the 4th quarter. Cresset Asset Management LLC now owns 36,842 shares of the aerospace company’s stock valued at $16,698,000 after buying an additional 3,318 shares during the period. Symmetry Investments LP purchased a new position in Lockheed Martin during the 4th quarter worth $588,000. MGO One Seven LLC lifted its stake in shares of Lockheed Martin by 1.8% in the 4th quarter. MGO One Seven LLC now owns 6,241 shares of the aerospace company’s stock worth $2,829,000 after acquiring an additional 109 shares during the period. Finally, Icon Wealth Advisors LLC acquired a new position in shares of Lockheed Martin during the fourth quarter worth about $2,380,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling

In related news, insider Timothy S. Cahill sold 3,975 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the sale, the insider now directly owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $608.27 on Wednesday. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $611.59. The company has a market cap of $145.95 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 4.66 and a beta of 0.47. The company has a 50-day simple moving average of $567.27 and a 200-day simple moving average of $501.20. 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 released its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.45 by $0.66. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The business had revenue of $18.12 billion for the quarter, compared to analysts’ expectations of $17.05 billion. During the same period last year, the company earned $6.73 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Lockheed Martin Co. will post 26.65 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm 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. This represents a $13.20 dividend on an annualized basis and a yield of 2.17%. 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. Lockheed Martin’s dividend payout ratio is 48.30%.

Wall Street Analyst Weigh In

Several research firms have recently commented on LMT. Deutsche Bank Aktiengesellschaft raised their price target on Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Melius Research raised shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. raised their price objective on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $568.31.

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.