Capital Investment Counsel LLC Buys 154 Shares of Lockheed Martin Co. (NYSE:LMT)

Capital Investment Counsel LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 4.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,685 shares of the aerospace company’s stock after purchasing an additional 154 shares during the quarter. Capital Investment Counsel LLC’s holdings in Lockheed Martin were worth $2,154,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. SevenBridge Financial Group LLC boosted its stake in shares of Lockheed Martin by 3.4% in the 3rd quarter. SevenBridge Financial Group LLC now owns 6,215 shares of the aerospace company’s stock worth $3,546,000 after buying an additional 207 shares during the last quarter. Crewe Advisors LLC increased its position in Lockheed Martin by 4.5% during the third quarter. Crewe Advisors LLC now owns 515 shares of the aerospace company’s stock valued at $301,000 after acquiring an additional 22 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Lockheed Martin by 42.9% in the third quarter. Larson Financial Group LLC now owns 630 shares of the aerospace company’s stock valued at $368,000 after acquiring an additional 189 shares during the period. Sompo Asset Management Co. Ltd. boosted its position in Lockheed Martin by 9.1% in the third quarter. Sompo Asset Management Co. Ltd. now owns 2,870 shares of the aerospace company’s stock worth $1,678,000 after purchasing an additional 240 shares during the last quarter. Finally, Lane & Associates LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $205,000. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LMT shares. TD Cowen increased their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 23rd. Citigroup boosted their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Bank of America restated a “buy” rating and issued a $635.00 price objective on shares of Lockheed Martin in a research note on Friday, August 30th. Finally, Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $611.00.

Lockheed Martin Stock Performance

NYSE LMT opened at $542.22 on Friday. The business has a 50-day moving average price of $573.12 and a 200-day moving average price of $527.36. The firm has a market cap of $128.53 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 4.43 and a beta of 0.49. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $6.77 EPS. As a group, equities research analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be issued a $3.30 dividend. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin’s payout ratio is currently 45.62%.

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.