Lockheed Martin Corporation $LMT Stake Trimmed by Tamar Securities LLC

Tamar Securities LLC trimmed its position in Lockheed Martin Corporation (NYSE:LMT) by 2.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 31,635 shares of the aerospace company’s stock after selling 944 shares during the period. Tamar Securities LLC’s holdings in Lockheed Martin were worth $16,110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Burnham & Co LLC purchased a new position in Lockheed Martin in the second quarter valued at about $25,000. Field & Main Bank bought a new position in shares of Lockheed Martin during the 2nd quarter valued at approximately $26,000. Kelleher Financial Advisors purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $29,000. Highland Investment Advisors LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $29,000. Finally, IAG Wealth Partners LLC raised its holdings in shares of Lockheed Martin by 4,800.0% in the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 48 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

NYSE LMT traded down $9.73 during trading on Friday, reaching $566.43. The company’s stock had a trading volume of 1,387,287 shares, compared to its average volume of 1,562,060. Lockheed Martin Corporation has a one year low of $437.25 and a one year high of $692.00. The stock has a market capitalization of $130.85 billion, a PE ratio of 20.12, a P/E/G ratio of 1.36 and a beta of 0.07. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.26 and a quick ratio of 1.10. The firm has a fifty day moving average of $548.25 and a 200 day moving average of $569.65.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, topping analysts’ consensus estimates of $7.52 by $0.45. The business had revenue of $20.71 billion during the quarter, compared to analysts’ expectations of $20.48 billion. Lockheed Martin had a net margin of 8.23% and a return on equity of 83.41%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.95 EPS. Analysts expect that Lockheed Martin Corporation will post 30.66 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be given a $3.60 dividend. This represents a $14.40 annualized dividend and a yield of 2.5%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.45. The ex-dividend date is Tuesday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.02%.

More Lockheed Martin News

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Zacks says Lockheed Martin has gained 12% over six months, supported by a record backlog, global defense demand, major contracts and strategic acquisitions. It also describes the shares as trading at a discount to the industry, which could appeal to value-focused investors. Article: LMT Trades at a Discount to the Industry
• Positive Sentiment: Industry earnings point to ongoing demand for conventional weapons as well as drones and advanced defense systems, a supportive backdrop for defense contractors, although the article does not provide Lockheed-specific results. Article: Defense earnings reveal a more complicated rearmament boom
• Neutral Sentiment: Lockheed Martin is attracting increased attention from Zacks users, but the coverage does not identify a specific new company development driving that interest. Article: What to Know Beyond Why Lockheed Martin Is a Trending Stock
• Negative Sentiment: Defense shares faced political and budget uncertainty after Democrats took control of Congress. Reports say a proposed $1.5 trillion defense budget request may be in jeopardy, raising questions about future spending and contributing to pressure on Lockheed Martin and other contractors. Article: Defense Stocks Sank as Democrats Took Congress
• Negative Sentiment: Lockheed Martin agreed to pay $29.5 million to settle federal claims that it discriminated against white workers. The payment is a cost and may bring reputational scrutiny, though it is not presented as a change to the company’s operating outlook. Article: Lockheed Martin paying $29.5M settlement

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 17th. Royal Bank Of Canada upped their price objective on shares of Lockheed Martin from $550.00 to $600.00 and gave the company a “sector perform” rating in a report on Friday, October 23rd. Barclays lifted their target price on shares of Lockheed Martin from $554.00 to $560.00 and gave the stock an “equal weight” rating in a research note on Friday, October 23rd. Sanford C. Bernstein lowered their price target on shares of Lockheed Martin from $629.00 to $564.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 14th. Finally, UBS Group upped their price target on shares of Lockheed Martin from $653.00 to $692.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $647.00.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.