Darwin Advisors LLC Trims Stake in Lockheed Martin Co. (NYSE:LMT)

Darwin Advisors LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 58.0% during the third quarter, Holdings Channel.com reports. The firm owned 3,254 shares of the aerospace company’s stock after selling 4,498 shares during the quarter. Darwin Advisors LLC’s holdings in Lockheed Martin were worth $1,247,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CX Institutional grew its holdings in Lockheed Martin by 6.6% in the second quarter. CX Institutional now owns 7,427 shares of the aerospace company’s stock worth $2,710,000 after purchasing an additional 463 shares during the period. ARGI Investment Services LLC grew its holdings in Lockheed Martin by 32.6% in the second quarter. ARGI Investment Services LLC now owns 806 shares of the aerospace company’s stock worth $294,000 after purchasing an additional 198 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Lockheed Martin in the second quarter worth about $2,215,000. State of Alaska Department of Revenue grew its holdings in Lockheed Martin by 2.7% in the second quarter. State of Alaska Department of Revenue now owns 44,956 shares of the aerospace company’s stock worth $16,405,000 after purchasing an additional 1,191 shares during the period. Finally, Flagship Harbor Advisors LLC grew its holdings in Lockheed Martin by 5.6% in the third quarter. Flagship Harbor Advisors LLC now owns 2,475 shares of the aerospace company’s stock worth $948,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 77.56% of the company’s stock.

Shares of Lockheed Martin stock opened at $386.50 on Friday. The company has a market cap of $108.04 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 2.29 and a beta of 0.95. The company’s 50 day moving average is $387.58 and its 200 day moving average is $379.24. Lockheed Martin Co. has a twelve month low of $266.11 and a twelve month high of $442.53. The company has a quick ratio of 1.08, a current ratio of 1.31 and a debt-to-equity ratio of 3.22.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $5.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.72 by $0.07. Lockheed Martin had a net margin of 10.25% and a return on equity of 182.05%. The business had revenue of $16.22 billion for the quarter, compared to the consensus estimate of $15.19 billion. During the same period last year, the firm earned $5.00 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. Sell-side analysts expect that Lockheed Martin Co. will post 24.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Tuesday, December 1st will be given a $2.60 dividend. The ex-dividend date is Monday, November 30th. This is an increase from Lockheed Martin’s previous quarterly dividend of $2.40. This represents a $10.40 annualized dividend and a yield of 2.69%. Lockheed Martin’s dividend payout ratio (DPR) is presently 43.74%.

A number of equities research analysts have weighed in on LMT shares. ValuEngine upgraded shares of Lockheed Martin from a “sell” rating to a “hold” rating in a report on Wednesday, August 26th. Morgan Stanley started coverage on shares of Lockheed Martin in a report on Tuesday, September 8th. They set an “overweight” rating and a $509.00 price target on the stock. Goldman Sachs Group cut shares of Lockheed Martin from a “conviction-buy” rating to a “buy” rating in a report on Sunday, September 20th. Bank of America increased their price target on shares of Lockheed Martin from $400.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, Royal Bank of Canada cut their price target on shares of Lockheed Martin from $410.00 to $404.00 in a report on Friday, July 17th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $450.59.

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, Rotary and Mission Systems, and Space Systems.

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

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