Morgan Dempsey Capital Management LLC Sells 1,704 Shares of Lockheed Martin Corporation $LMT

Morgan Dempsey Capital Management LLC cut its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 11.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,347 shares of the aerospace company’s stock after selling 1,704 shares during the period. Lockheed Martin accounts for about 3.0% of Morgan Dempsey Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Morgan Dempsey Capital Management LLC’s holdings in Lockheed Martin were worth $6,663,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. L2 Asset Management LLC lifted its holdings in shares of Lockheed Martin by 25.2% during the 3rd quarter. L2 Asset Management LLC now owns 883 shares of the aerospace company’s stock valued at $441,000 after buying an additional 178 shares during the last quarter. LRT Capital Management LLC acquired a new position in Lockheed Martin in the third quarter worth approximately $2,553,000. Lighthouse Investment Partners LLC bought a new position in Lockheed Martin during the third quarter valued at approximately $3,494,000. Integrated Wealth Concepts LLC raised its position in Lockheed Martin by 3.7% during the third quarter. Integrated Wealth Concepts LLC now owns 15,589 shares of the aerospace company’s stock valued at $7,782,000 after acquiring an additional 550 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in Lockheed Martin in the third quarter valued at approximately $189,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

LMT opened at $645.16 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. The stock’s 50 day moving average price is $619.20 and its two-hundred day moving average price is $527.13. The firm has a market capitalization of $148.44 billion, a P/E ratio of 30.02, a price-to-earnings-growth ratio of 1.16 and a beta of 0.22. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same quarter last year, the firm earned $7.67 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a yield of 2.1%. Lockheed Martin’s payout ratio is 64.22%.

Analyst Ratings Changes

Several analysts have commented on LMT shares. Weiss Ratings downgraded shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. JPMorgan Chase & Co. raised their price target on shares of Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, January 30th. BNP Paribas Exane lifted their price objective on shares of Lockheed Martin from $550.00 to $570.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. DZ Bank cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price objective for the company. in a report on Tuesday, February 3rd. Finally, Royal Bank Of Canada increased their target price on shares of Lockheed Martin from $615.00 to $650.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $618.95.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.