Advisor Partners LLC Has $3.26 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Advisor Partners LLC grew its stake in Lockheed Martin Co. (NYSE:LMT) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,359 shares of the aerospace company’s stock after purchasing an additional 338 shares during the period. Advisor Partners LLC’s holdings in Lockheed Martin were worth $3,260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Chesley Taft & Associates LLC boosted its position in shares of Lockheed Martin by 0.6% during the 3rd quarter. Chesley Taft & Associates LLC now owns 4,496 shares of the aerospace company’s stock valued at $1,754,000 after acquiring an additional 26 shares in the last quarter. Private Trust Co. NA boosted its position in Lockheed Martin by 0.5% in the second quarter. Private Trust Co. NA now owns 5,385 shares of the aerospace company’s stock valued at $1,957,000 after buying an additional 28 shares in the last quarter. Independence Bank of Kentucky boosted its position in Lockheed Martin by 12.0% in the second quarter. Independence Bank of Kentucky now owns 280 shares of the aerospace company’s stock valued at $102,000 after buying an additional 30 shares in the last quarter. Granite Investment Partners LLC boosted its position in Lockheed Martin by 0.3% in the second quarter. Granite Investment Partners LLC now owns 10,622 shares of the aerospace company’s stock valued at $3,862,000 after buying an additional 30 shares in the last quarter. Finally, Marietta Wealth Management LLC boosted its position in Lockheed Martin by 0.9% in the second quarter. Marietta Wealth Management LLC now owns 3,496 shares of the aerospace company’s stock valued at $1,271,000 after buying an additional 30 shares in the last quarter. Institutional investors own 78.37% of the company’s stock.

Shares of NYSE LMT traded down $2.82 during trading on Thursday, reaching $380.02. The company had a trading volume of 188,409 shares, compared to its average volume of 1,074,296. Lockheed Martin Co. has a 52 week low of $241.18 and a 52 week high of $399.96. The stock has a market cap of $108.05 billion, a PE ratio of 21.29, a PEG ratio of 2.54 and a beta of 0.96. The company has a debt-to-equity ratio of 4.36, a quick ratio of 0.96 and a current ratio of 1.20. The business’s 50 day moving average price is $385.83 and its 200-day moving average price is $356.91.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.74 by $0.26. Lockheed Martin had a net margin of 10.18% and a return on equity of 297.37%. The company had revenue of $14.42 billion during the quarter, compared to the consensus estimate of $14.17 billion. During the same period in the previous year, the firm posted $4.31 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. Equities analysts anticipate that Lockheed Martin Co. will post 21.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a $2.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Lockheed Martin’s previous quarterly dividend of $2.20. This represents a $9.60 dividend on an annualized basis and a dividend yield of 2.53%. Lockheed Martin’s payout ratio is currently 49.30%.

A number of research firms have commented on LMT. Barclays restated a “hold” rating and issued a $410.00 price target on shares of Lockheed Martin in a research report on Wednesday, October 9th. UBS Group boosted their price target on shares of Lockheed Martin from $385.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Morgan Stanley boosted their price target on shares of Lockheed Martin from $376.00 to $381.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. DZ Bank restated a “hold” rating on shares of Lockheed Martin in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Lockheed Martin from $360.00 to $395.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Lockheed Martin presently has an average rating of “Buy” and a consensus price target of $372.64.

In related news, insider Kenneth R. Possenriede sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $363.85, for a total transaction of $727,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Marillyn A. Hewson sold 19,500 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $369.14, for a total transaction of $7,198,230.00. Following the sale, the chairman now directly owns 46,534 shares of the company’s stock, valued at $17,177,560.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,503 shares of company stock valued at $8,292,527. Insiders own 0.35% of the company’s stock.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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