Sicart Associates LLC Takes $536,000 Position in Lockheed Martin Co. (NYSE:LMT)

Sicart Associates LLC bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the third quarter, Holdings Channel reports. The institutional investor bought 1,375 shares of the aerospace company’s stock, valued at approximately $536,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Krane Funds Advisors LLC bought a new stake in Lockheed Martin in the second quarter worth $26,000. Accurate Investment Solutions Inc. lifted its position in Lockheed Martin by 257.1% in the third quarter. Accurate Investment Solutions Inc. now owns 75 shares of the aerospace company’s stock worth $29,000 after buying an additional 54 shares during the last quarter. Paragon Capital Management LLC lifted its position in Lockheed Martin by 406.7% in the second quarter. Paragon Capital Management LLC now owns 76 shares of the aerospace company’s stock worth $28,000 after buying an additional 61 shares during the last quarter. MRA Associates USA LLC bought a new stake in Lockheed Martin in the second quarter worth $38,000. Finally, Trustcore Financial Services LLC lifted its position in Lockheed Martin by 245.5% in the second quarter. Trustcore Financial Services LLC now owns 114 shares of the aerospace company’s stock worth $41,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 78.41% of the company’s stock.

In other Lockheed Martin news, SVP Maryanne Lavan sold 1,003 shares of Lockheed Martin stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $365.50, for a total value of $366,596.50. Following the transaction, the senior vice president now owns 1,478 shares in the company, valued at $540,209. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Marillyn A. Hewson sold 19,500 shares of Lockheed Martin stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $369.14, for a total value of $7,198,230.00. Following the completion of the transaction, the chairman now owns 46,534 shares in the company, valued at approximately $17,177,560.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,503 shares of company stock worth $8,292,527. Insiders own 0.35% of the company’s stock.

LMT stock traded up $1.56 during midday trading on Monday, reaching $374.04. The company’s stock had a trading volume of 21,062 shares, compared to its average volume of 1,069,389. 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 stock has a fifty day simple moving average of $385.59 and a two-hundred day simple moving average of $357.65. Lockheed Martin Co. has a 1 year low of $241.18 and a 1 year high of $399.96. The firm has a market capitalization of $106.48 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.50 and a beta of 0.96.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.26. Lockheed Martin had a return on equity of 297.37% and a net margin of 10.18%. The business had revenue of $14.42 billion for the quarter, compared to analyst estimates of $14.17 billion. During the same quarter last year, the firm posted $4.31 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. As a group, analysts forecast that Lockheed Martin Co. will post 21.22 EPS for the current fiscal year.

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 paid a dividend of $2.40 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $9.60 annualized dividend and a dividend yield of 2.57%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $2.20. Lockheed Martin’s dividend payout ratio (DPR) is currently 49.30%.

A number of analysts recently issued reports on LMT shares. DZ Bank restated a “hold” rating on shares of Lockheed Martin in a research report on Thursday, July 25th. ValuEngine downgraded Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Saturday. Credit Suisse Group raised their price target on Lockheed Martin from $379.00 to $401.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Morgan Stanley raised their price target on Lockheed Martin from $376.00 to $381.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Finally, UBS Group raised their price target on Lockheed Martin from $385.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $372.64.

Lockheed Martin Company 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. 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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