Empirical Finance LLC Has $4.56 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Empirical Finance LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,802 shares of the aerospace company’s stock after buying an additional 124 shares during the period. Empirical Finance LLC’s holdings in Lockheed Martin were worth $4,561,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL lifted its position in shares of Lockheed Martin by 8.8% in the first quarter. Blair William & Co. IL now owns 31,819 shares of the aerospace company’s stock worth $14,474,000 after buying an additional 2,563 shares during the last quarter. Intech Investment Management LLC raised its holdings in Lockheed Martin by 27.9% in the 1st quarter. Intech Investment Management LLC now owns 64,208 shares of the aerospace company’s stock worth $29,206,000 after acquiring an additional 14,018 shares during the period. Spirepoint Private Client LLC bought a new stake in Lockheed Martin during the first quarter valued at about $6,591,000. TIAA Trust National Association increased its stake in shares of Lockheed Martin by 3.5% in the first quarter. TIAA Trust National Association now owns 9,811 shares of the aerospace company’s stock worth $4,463,000 after purchasing an additional 334 shares during the period. Finally, Ontario Teachers Pension Plan Board bought a new stake in Lockheed Martin during the 1st quarter valued at approximately $2,325,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LMT shares. UBS Group boosted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Susquehanna lowered their price target on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a report on Wednesday, October 23rd. Citigroup lifted their target price 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. Finally, Morgan Stanley increased their price target 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average target price of $611.00.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $535.69 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The firm has a market cap of $126.98 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 4.56 and a beta of 0.49. The stock’s fifty day moving average price is $577.75 and its two-hundred day moving average price is $523.80.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion for 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 company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $6.77 EPS. As a group, research analysts expect that Lockheed Martin Co. will post 26.89 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 dividend of $3.30 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s payout ratio is 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.