Miramar Capital LLC Sells 202 Shares of Lockheed Martin Co. (NYSE:LMT)

Miramar Capital LLC reduced its stake in Lockheed Martin Co. (NYSE:LMT) by 0.9% during the 3rd quarter, Holdings Channel reports. The fund owned 21,391 shares of the aerospace company’s stock after selling 202 shares during the period. Lockheed Martin makes up about 2.9% of Miramar Capital LLC’s investment portfolio, making the stock its 17th largest position. Miramar Capital LLC’s holdings in Lockheed Martin were worth $12,504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in shares of Lockheed Martin by 130.0% during the second quarter. GAMMA Investing LLC now owns 3,572 shares of the aerospace company’s stock worth $1,668,000 after buying an additional 2,019 shares in the last quarter. Old West Investment Management LLC increased its position in Lockheed Martin by 6.6% during the third quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company’s stock worth $15,569,000 after acquiring an additional 1,643 shares during the period. Buck Wealth Strategies LLC acquired a new stake in Lockheed Martin in the 2nd quarter worth about $6,611,000. Empower Advisory Group LLC grew its position in shares of Lockheed Martin by 9.1% during the 3rd quarter. Empower Advisory Group LLC now owns 22,016 shares of the aerospace company’s stock worth $12,870,000 after purchasing an additional 1,843 shares in the last quarter. Finally, Financial Enhancement Group LLC increased its holdings in shares of Lockheed Martin by 2,268.3% during the third quarter. Financial Enhancement Group LLC now owns 10,444 shares of the aerospace company’s stock worth $6,105,000 after purchasing an additional 10,003 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 0.8 %

NYSE LMT opened at $534.82 on Friday. The firm has a market capitalization of $126.77 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 4.56 and a beta of 0.49. The business’s 50-day moving average price is $576.52 and its two-hundred day moving average price is $524.37. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95.

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

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be issued a $3.30 dividend. The ex-dividend date is Monday, December 2nd. This represents a $13.20 annualized dividend and a yield of 2.47%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio is presently 45.62%.

Analysts Set New Price Targets

A number of research analysts recently commented on LMT shares. Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, September 3rd. Citigroup boosted their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. TD Cowen increased their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Finally, UBS Group raised their target price on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. One 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 given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $611.00.

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.