Lockheed Martin Co. (NYSE:LMT) Stock Holdings Increased by Bank of Montreal Can

Bank of Montreal Can lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 656,807 shares of the aerospace company’s stock after purchasing an additional 13,253 shares during the quarter. Bank of Montreal Can owned 0.28% of Lockheed Martin worth $382,498,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of LMT. Mount Yale Investment Advisors LLC boosted its holdings in shares of Lockheed Martin by 15.1% in the first quarter. Mount Yale Investment Advisors LLC now owns 1,636 shares of the aerospace company’s stock valued at $744,000 after acquiring an additional 215 shares in the last quarter. Waverly Advisors LLC increased its position in shares of Lockheed Martin by 168.3% during the 1st quarter. Waverly Advisors LLC now owns 3,839 shares of the aerospace company’s stock valued at $1,747,000 after purchasing an additional 2,408 shares during the period. Industrial Alliance Investment Management Inc. raised its stake in shares of Lockheed Martin by 3.3% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 940 shares of the aerospace company’s stock worth $428,000 after buying an additional 30 shares in the last quarter. Whalerock Point Partners LLC lifted its holdings in shares of Lockheed Martin by 13.7% in the first quarter. Whalerock Point Partners LLC now owns 8,486 shares of the aerospace company’s stock valued at $3,860,000 after buying an additional 1,022 shares during the period. Finally, Oxford Wealth Group LLC bought a new position in Lockheed Martin during the first quarter valued at about $943,000. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Melius raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price target for the company in a report on Tuesday, September 3rd. Melius Research upgraded shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. Morgan Stanley upped their price target on Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Barclays raised their price objective on Lockheed Martin from $505.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Robert W. Baird upped their target price on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $611.00.

Lockheed Martin Stock Down 2.5 %

LMT traded down $13.49 on Monday, reaching $528.73. 340,173 shares of the company traded hands, compared to its average volume of 1,062,635. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The company has a market cap of $125.33 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 4.43 and a beta of 0.49. The stock’s 50 day moving average price is $573.12 and its 200-day moving average price is $527.79.

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 analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Lockheed Martin’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 business posted $6.77 earnings per share. On average, sell-side 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 represents a $13.20 annualized dividend and a dividend yield of 2.50%. 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 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.