Lockheed Martin Co. (NYSE:LMT) Shares Sold by First National Trust Co

First National Trust Co lowered its holdings in Lockheed Martin Co. (NYSE:LMT) by 5.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,425 shares of the aerospace company’s stock after selling 510 shares during the period. First National Trust Co’s holdings in Lockheed Martin were worth $4,925,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its stake in Lockheed Martin by 10.1% during the 1st quarter. Russell Investments Group Ltd. now owns 54,030 shares of the aerospace company’s stock worth $24,577,000 after purchasing an additional 4,976 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in Lockheed Martin during the first quarter worth approximately $30,000. Entropy Technologies LP boosted its holdings in Lockheed Martin by 213.6% in the first quarter. Entropy Technologies LP now owns 10,570 shares of the aerospace company’s stock valued at $4,808,000 after purchasing an additional 7,199 shares in the last quarter. William Allan Corp increased its stake in Lockheed Martin by 8.4% in the first quarter. William Allan Corp now owns 3,719 shares of the aerospace company’s stock valued at $1,691,000 after purchasing an additional 288 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in Lockheed Martin by 25.7% in the first quarter. Koshinski Asset Management Inc. now owns 5,473 shares of the aerospace company’s stock valued at $2,489,000 after purchasing an additional 1,118 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LMT shares. Bank of America restated a “buy” rating and issued a $635.00 target price on shares of Lockheed Martin in a report on Friday, August 30th. UBS Group raised their price objective on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Morgan Stanley raised their price target on Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Melius upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective on the stock in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $611.00.

Lockheed Martin Trading Up 1.1 %

Shares of LMT stock opened at $570.58 on Tuesday. The stock has a market cap of $135.25 billion, a P/E ratio of 20.66, a P/E/G ratio of 4.62 and a beta of 0.49. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The business has a fifty day simple moving average of $578.11 and a 200-day simple moving average of $522.83. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the prior year, the firm earned $6.77 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, analysts forecast that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.31%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s payout ratio is 45.62%.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.