Radnor Capital Management LLC Purchases New Stake in Lockheed Martin Co. (NYSE:LMT)

Radnor Capital Management LLC purchased a new stake in Lockheed Martin Co. (NYSE:LMT) in the 3rd quarter, HoldingsChannel reports. The fund purchased 3,065 shares of the aerospace company’s stock, valued at approximately $1,792,000.

Several other hedge funds have also bought and sold shares of the business. Callahan Advisors LLC grew its position in Lockheed Martin by 5.8% in the 3rd quarter. Callahan Advisors LLC now owns 3,161 shares of the aerospace company’s stock valued at $1,848,000 after purchasing an additional 172 shares during the period. Catalina Capital Group LLC boosted its holdings in Lockheed Martin by 6.2% during the 3rd quarter. Catalina Capital Group LLC now owns 1,191 shares of the aerospace company’s stock worth $696,000 after acquiring an additional 70 shares during the last quarter. JFG Wealth Management LLC purchased a new position in Lockheed Martin during the 3rd quarter worth $234,000. Fiduciary Family Office LLC purchased a new position in Lockheed Martin during the 3rd quarter worth $580,000. Finally, Cornerstone Capital Inc. boosted its holdings in Lockheed Martin by 2.6% during the 3rd quarter. Cornerstone Capital Inc. now owns 1,662 shares of the aerospace company’s stock worth $972,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $546.65 on Wednesday. The stock’s fifty day moving average is $578.67 and its two-hundred day moving average is $520.06. The company has a market capitalization of $129.58 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 4.46 and a beta of 0.49. 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 Co. has a 52 week low of $413.92 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. 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 company posted $6.77 EPS. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.41%. Lockheed Martin’s dividend payout ratio is presently 47.79%.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of research analyst reports. Melius Research raised shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 23rd. UBS Group upped their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Bank of America restated a “buy” rating and issued a $635.00 price objective on shares of Lockheed Martin in a research report on Friday, August 30th. Finally, Citigroup upped their target price on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.