Webster Bank N. A. Grows Holdings in Lockheed Martin Co. (NYSE:LMT)

Webster Bank N. A. raised its position in Lockheed Martin Co. (NYSE:LMT) by 8.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 604 shares of the aerospace company’s stock after buying an additional 48 shares during the period. Webster Bank N. A.’s holdings in Lockheed Martin were worth $236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Cornerstone Advisors Inc. boosted its holdings in Lockheed Martin by 44.1% in the first quarter. Cornerstone Advisors Inc. now owns 160 shares of the aerospace company’s stock worth $48,000 after acquiring an additional 49 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Lockheed Martin by 33.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 70,838 shares of the aerospace company’s stock worth $21,263,000 after acquiring an additional 17,607 shares in the last quarter. Vaughan David Investments LLC IL boosted its holdings in Lockheed Martin by 6.6% in the first quarter. Vaughan David Investments LLC IL now owns 1,041 shares of the aerospace company’s stock worth $313,000 after acquiring an additional 64 shares in the last quarter. Cadinha & Co. LLC boosted its holdings in Lockheed Martin by 692.7% in the first quarter. Cadinha & Co. LLC now owns 10,345 shares of the aerospace company’s stock worth $3,105,000 after acquiring an additional 9,040 shares in the last quarter. Finally, Cambria Investment Management L.P. boosted its holdings in Lockheed Martin by 2.1% in the first quarter. Cambria Investment Management L.P. now owns 13,924 shares of the aerospace company’s stock worth $4,179,000 after acquiring an additional 292 shares in the last quarter. 78.33% of the stock is owned by institutional investors.

Shares of LMT traded up $2.32 on Friday, reaching $382.38. 355,129 shares of the company’s stock traded hands, compared to its average volume of 1,111,933. The company has a current ratio of 1.20, a quick ratio of 0.96 and a debt-to-equity ratio of 4.36. The stock has a market cap of $108.49 billion, a PE ratio of 21.42, a PEG ratio of 2.55 and a beta of 0.96. The stock’s 50 day simple moving average is $384.33 and its two-hundred day simple moving average is $351.16. Lockheed Martin Co. has a 52-week low of $241.18 and a 52-week high of $399.96.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be given a dividend of $2.40 per share. This represents a $9.60 dividend on an annualized basis and a dividend yield of 2.51%. This is an increase from Lockheed Martin’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend is Friday, November 29th. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.30%.

In other Lockheed Martin news, Director James D. Taiclet, Jr. purchased 1,354 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average cost of $376.32 per share, with a total value of $509,537.28. Following the completion of the transaction, the director now owns 1,354 shares of the company’s stock, valued at approximately $509,537.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kenneth R. Possenriede sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $363.85, for a total value of $727,700.00. The disclosure for this sale can be found here. Insiders have sold 22,503 shares of company stock valued at $8,292,527 over the last ninety days. 0.35% of the stock is currently owned by company insiders.

LMT has been the topic of a number of recent research reports. Morgan Stanley raised their target price on Lockheed Martin from $356.00 to $376.00 and gave the company an “equal weight” rating in a report on Wednesday, August 14th. UBS Group raised their target price on Lockheed Martin from $385.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. raised their target price on Lockheed Martin from $360.00 to $395.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Credit Suisse Group raised their target price on Lockheed Martin from $369.00 to $379.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Finally, DZ Bank restated a “hold” rating on shares of Lockheed Martin in a report on Thursday, July 25th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $367.86.

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. 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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