Lockheed Martin Co. (NYSE:LMT) Shares Sold by True North Advisors LLC

True North Advisors LLC trimmed its stake in Lockheed Martin Co. (NYSE:LMT) by 11.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 540 shares of the aerospace company’s stock after selling 67 shares during the quarter. True North Advisors LLC’s holdings in Lockheed Martin were worth $316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mattson Financial Services LLC purchased a new position in Lockheed Martin in the 2nd quarter worth about $27,000. Sachetta LLC increased its position in shares of Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 20 shares in the last quarter. Wiser Advisor Group LLC raised its holdings 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 acquiring an additional 25 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in Lockheed Martin in the 1st quarter worth approximately $30,000. Finally, 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 valued at $31,000 after purchasing an additional 22 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.0 %

Lockheed Martin stock opened at $608.27 on Wednesday. The business has a 50 day moving average price of $568.68 and a two-hundred day moving average price of $502.34. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $611.59. The stock has a market cap of $145.95 billion, a price-to-earnings ratio of 22.26, 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. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.05 billion. During the same period in the previous year, the business earned $6.73 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts forecast that Lockheed Martin Co. will post 26.65 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. Stockholders 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 dividend yield of 2.17%. This is a positive change 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 presently 48.30%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LMT shares. UBS Group upped their price target on Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price objective on Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. 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 report on Wednesday, July 24th. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, TD Cowen upgraded shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus price target of $568.31.

Insider Activity at Lockheed Martin

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

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.