Trilogy Capital Inc. Reduces Stake in Lockheed Martin Co. (NYSE:LMT)

Trilogy Capital Inc. lowered its position in shares of Lockheed Martin Co. (NYSE:LMT) by 9.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,909 shares of the aerospace company’s stock after selling 637 shares during the period. Trilogy Capital Inc.’s holdings in Lockheed Martin were worth $3,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Lisle Cummings Inc. raised its position in Lockheed Martin by 36.3% in the third quarter. Brown Lisle Cummings Inc. now owns 3,247 shares of the aerospace company’s stock valued at $1,898,000 after purchasing an additional 865 shares during the period. Calton & Associates Inc. grew its position in shares of Lockheed Martin by 5,832.6% during the third quarter. Calton & Associates Inc. now owns 56,182 shares of the aerospace company’s stock worth $32,842,000 after buying an additional 55,235 shares in the last quarter. Vest Financial LLC increased its position in shares of Lockheed Martin by 146.3% in the 3rd quarter. Vest Financial LLC now owns 1,956 shares of the aerospace company’s stock valued at $1,143,000 after purchasing an additional 1,162 shares during the last quarter. OLD National Bancorp IN increased its holdings in Lockheed Martin by 4.7% in the third quarter. OLD National Bancorp IN now owns 30,017 shares of the aerospace company’s stock valued at $17,547,000 after buying an additional 1,335 shares during the last quarter. Finally, Essex LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth about $251,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.4 %

Shares of LMT opened at $611.81 on Monday. The company has a market capitalization of $146.80 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 4.84 and a beta of 0.47. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $614.62. The stock has a fifty day moving average of $578.29 and a two-hundred day moving average of $511.11.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $17.05 billion. During the same period in the previous year, the firm earned $6.73 earnings per share. Lockheed Martin’s revenue was up 8.6% compared to the same quarter last year. As a group, analysts forecast that Lockheed Martin Co. will post 26.68 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s payout ratio is 48.30%.

Insiders Place Their Bets

In other news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the sale, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LMT. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Citigroup lifted 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. UBS Group boosted their target price on Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Barclays increased their price target on shares of Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $597.92.

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.