Lockheed Martin Co. (NYSE:LMT) Shares Sold by Peoples Bank OH

Peoples Bank OH lessened its stake in Lockheed Martin Co. (NYSE:LMT) by 7.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 614 shares of the aerospace company’s stock after selling 51 shares during the quarter. Peoples Bank OH’s holdings in Lockheed Martin were worth $359,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Stokes Family Office LLC purchased a new position in shares of Lockheed Martin in the 1st quarter worth about $425,000. Hennessy Advisors Inc. purchased a new position in Lockheed Martin in the first quarter valued at approximately $2,775,000. Kathmere Capital Management LLC lifted its position in Lockheed Martin by 33.4% during the first quarter. Kathmere Capital Management LLC now owns 2,947 shares of the aerospace company’s stock valued at $1,341,000 after buying an additional 738 shares in the last quarter. Financial Management Professionals Inc. grew its stake in Lockheed Martin by 10.6% during the first quarter. Financial Management Professionals Inc. now owns 1,229 shares of the aerospace company’s stock worth $559,000 after buying an additional 118 shares during the period. Finally, Webster Bank N. A. increased its position in shares of Lockheed Martin by 34.7% in the first quarter. Webster Bank N. A. now owns 194 shares of the aerospace company’s stock worth $88,000 after acquiring an additional 50 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Bank of America restated a “buy” rating and set a $635.00 target price on shares of Lockheed Martin in a report on Friday, August 30th. JPMorgan Chase & Co. upped their target price on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Barclays increased their target price on Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. TD Cowen upped their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Robert W. Baird increased their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $606.71.

Lockheed Martin Trading Down 1.2 %

LMT opened at $564.21 on Friday. The stock has a market capitalization of $135.38 billion, a PE ratio of 20.64, a P/E/G ratio of 4.84 and a beta of 0.47. 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 12-month low of $413.92 and a 12-month high of $618.95. The firm’s fifty day moving average price is $579.95 and its 200 day moving average price is $513.50.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.77 EPS. As a group, research analysts expect that Lockheed Martin Co. will post 26.68 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 issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.34%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s payout ratio is 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.