Compass Ion Advisors LLC Lowers Stock Position in Lockheed Martin Co. (NYSE:LMT)

Compass Ion Advisors LLC trimmed its position in Lockheed Martin Co. (NYSE:LMT) by 1.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,191 shares of the aerospace company’s stock after selling 18 shares during the quarter. Compass Ion Advisors LLC’s holdings in Lockheed Martin were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vest Financial LLC lifted its position in shares of Lockheed Martin by 146.3% in the third quarter. Vest Financial LLC now owns 1,956 shares of the aerospace company’s stock valued at $1,143,000 after acquiring an additional 1,162 shares in the last quarter. OLD National Bancorp IN raised its stake in Lockheed Martin by 4.7% during the 3rd quarter. OLD National Bancorp IN now owns 30,017 shares of the aerospace company’s stock valued at $17,547,000 after purchasing an additional 1,335 shares during the period. Essex LLC purchased a new position in Lockheed Martin in the 3rd quarter worth approximately $251,000. Cyndeo Wealth Partners LLC grew its holdings in Lockheed Martin by 0.8% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 7,277 shares of the aerospace company’s stock valued at $4,254,000 after buying an additional 55 shares in the last quarter. Finally, Pure Portfolios Holdings LLC bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $635,000. Institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In related news, insider Timothy S. Cahill sold 3,975 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the sale, the insider now directly owns 8,877 shares in the company, valued at $4,574,850.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.17% of the company’s stock.

Lockheed Martin Trading Up 0.4 %

LMT traded up $2.19 during trading on Friday, hitting $611.81. 864,086 shares of the stock were exchanged, compared to its average volume of 1,047,170. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. The firm has a 50 day simple moving average of $578.29 and a 200 day simple moving average of $510.67. The firm has a market cap of $146.80 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 4.84 and a beta of 0.47. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $614.62.

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

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.16%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio is currently 48.30%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LMT. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lifted their target price on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Susquehanna upped their price target on shares of Lockheed Martin from $565.00 to $705.00 and gave the company a “positive” rating in a research note on Thursday. UBS Group upped their price objective on Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company boosted their target price on Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $597.92.

About Lockheed Martin

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.