Gibson Capital LLC Takes $196,000 Position in Lockheed Martin Co. (NYSE:LMT)

Gibson Capital LLC bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the third quarter, Holdings Channel reports. The fund bought 335 shares of the aerospace company’s stock, valued at approximately $196,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMT. Able Wealth Management LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth $45,000. Garde Capital Inc. purchased a new stake in shares of Lockheed Martin in the fourth quarter worth about $101,000. Sierra Summit Advisors LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter worth about $291,000. Chicago Partners Investment Group LLC lifted its holdings in shares of Lockheed Martin by 1.7% in the fourth quarter. Chicago Partners Investment Group LLC now owns 1,626 shares of the aerospace company’s stock worth $702,000 after buying an additional 27 shares in the last quarter. Finally, Syon Capital LLC lifted its holdings in shares of Lockheed Martin by 33.3% in the fourth quarter. Syon Capital LLC now owns 2,394 shares of the aerospace company’s stock worth $1,085,000 after buying an additional 598 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Melius Research raised shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. TD Cowen raised shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company raised their target price on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Susquehanna raised their target price on shares of Lockheed Martin from $540.00 to $565.00 and gave the company a “positive” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $581.77.

Insider Transactions at Lockheed Martin

In other news, insider Timothy S. Cahill sold 3,975 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total value of $2,048,556.00. Following the transaction, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Trading Up 1.1 %

LMT stock opened at $604.17 on Friday. The company has a market capitalization of $144.96 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 4.84 and a beta of 0.47. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $611.59. The company’s 50 day moving average price is $572.03 and its two-hundred day moving average price is $505.23. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.45 by $0.66. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The firm had revenue of $18.12 billion for the quarter, compared to analysts’ expectations of $17.05 billion. During the same quarter last year, the business earned $6.73 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. As a group, analysts predict that Lockheed Martin Co. will post 26.68 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced 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 is a boost 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 annualized dividend and a dividend yield of 2.18%. Lockheed Martin’s dividend payout ratio (DPR) is currently 48.30%.

Lockheed Martin 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.