HBW Advisory Services LLC Lowers Holdings in Lockheed Martin Co. (NYSE:LMT)

HBW Advisory Services LLC decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 74.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,664 shares of the aerospace company’s stock after selling 4,906 shares during the quarter. HBW Advisory Services LLC’s holdings in Lockheed Martin were worth $973,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Exencial Wealth Advisors LLC boosted its position in Lockheed Martin by 7.4% during the 4th quarter. Exencial Wealth Advisors LLC now owns 4,825 shares of the aerospace company’s stock valued at $2,187,000 after acquiring an additional 332 shares in the last quarter. AdvisorShares Investments LLC bought a new stake in Lockheed Martin during the fourth quarter valued at about $426,000. Waterloo Capital L.P. purchased a new position in Lockheed Martin in the fourth quarter valued at about $593,000. Westwood Holdings Group Inc. raised its holdings in Lockheed Martin by 57.5% in the fourth quarter. Westwood Holdings Group Inc. now owns 22,067 shares of the aerospace company’s stock worth $10,002,000 after purchasing an additional 8,053 shares in the last quarter. Finally, Vantage Financial Partners Ltd. Inc. lifted its position in shares of Lockheed Martin by 12.4% during the fourth quarter. Vantage Financial Partners Ltd. Inc. now owns 1,000 shares of the aerospace company’s stock valued at $453,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Activity at Lockheed Martin

In other news, insider Timothy S. Cahill sold 3,975 shares of the stock in a transaction dated 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 sale, the insider now directly owns 8,877 shares of the company’s stock, valued at $4,574,850.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LMT. Barclays lifted their price objective on shares of Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price target on Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group raised their price objective on Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Bank of America reissued a “buy” rating and issued a $635.00 price target on shares of Lockheed Martin in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus target price of $562.54.

Lockheed Martin Stock Performance

LMT traded down $0.69 during trading on Friday, reaching $605.13. 560,051 shares of the company’s stock were exchanged, compared to its average volume of 1,065,046. 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 Co. has a 1 year low of $393.77 and a 1 year high of $611.49. The company’s fifty day simple moving average is $565.71 and its 200-day simple moving average is $499.21. The stock has a market capitalization of $145.19 billion, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 4.66 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. The business had revenue of $18.12 billion during the quarter, compared to analyst estimates of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $6.73 EPS. As a group, research analysts predict that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.18%. 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 46.10%.

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.