Daymark Wealth Partners LLC Decreases Position in Lockheed Martin Co. (NYSE:LMT)

Daymark Wealth Partners LLC lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,168 shares of the aerospace company’s stock after selling 293 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Lockheed Martin were worth $12,374,000 as of its most recent filing with the Securities and Exchange Commission.

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

Lockheed Martin Stock Performance

Shares of NYSE LMT traded down $3.93 during midday trading on Wednesday, reaching $604.12. 117,904 shares of the company were exchanged, compared to its average volume of 1,057,851. The stock has a market cap of $144.95 billion, a P/E ratio of 22.26, a PEG ratio of 4.66 and a beta of 0.47. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $611.59. The stock has a fifty day simple moving average of $568.68 and a 200 day simple moving average of $502.34. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, beating the consensus estimate 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 last year, the business posted $6.73 EPS. The company’s revenue was up 8.6% on a year-over-year basis. On average, research analysts forecast that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid 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 48.30%.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction that occurred on 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Royal Bank of Canada lifted their price target on Lockheed Martin from $600.00 to $675.00 and gave the stock an “outperform” rating in a report on Monday. 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. Barclays boosted their target price on Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus 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.