Howard Financial Services LTD. Has $427,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Howard Financial Services LTD. grew its position in Lockheed Martin Co. (NYSE:LMT) by 10.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 731 shares of the aerospace company’s stock after purchasing an additional 70 shares during the period. Howard Financial Services LTD.’s holdings in Lockheed Martin were worth $427,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LMT. Wulff Hansen & CO. raised its holdings in shares of Lockheed Martin by 56,626.7% in the 2nd quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company’s stock valued at $476,947,000 after purchasing an additional 1,019,281 shares during the period. Van ECK Associates Corp raised its stake in Lockheed Martin by 1,075.2% in the first quarter. Van ECK Associates Corp now owns 481,106 shares of the aerospace company’s stock valued at $218,841,000 after buying an additional 440,169 shares during the period. Confluence Investment Management LLC bought a new stake in Lockheed Martin in the first quarter valued at approximately $151,402,000. Capital Research Global Investors boosted its stake in shares of Lockheed Martin by 29.7% during the 1st quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company’s stock worth $433,621,000 after acquiring an additional 218,506 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of Lockheed Martin by 219.3% during the 1st quarter. National Bank of Canada FI now owns 318,107 shares of the aerospace company’s stock worth $149,138,000 after acquiring an additional 218,466 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LMT shares. JPMorgan Chase & Co. lifted their price objective on shares of Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Melius upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price target on the stock in a research note on Tuesday, September 3rd. TD Cowen raised shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday. Royal Bank of Canada boosted their price objective on Lockheed Martin from $600.00 to $675.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and an average target price of $568.31.

Lockheed Martin Stock Up 0.0 %

LMT stock opened at $608.27 on Wednesday. The stock has a market capitalization of $145.95 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 4.66 and a beta of 0.47. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. The firm has a 50-day moving average price of $568.68 and a 200-day moving average price of $502.34. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $611.59.

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

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid 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 (DPR) is presently 48.30%.

About Lockheed Martin

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.