Lockheed Martin Co. (NYSE:LMT) Shares Sold by Arrowroot Family Office LLC

Arrowroot Family Office LLC lessened its position in shares of Lockheed Martin Co. (NYSE:LMT) by 44.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 363 shares of the aerospace company’s stock after selling 290 shares during the period. Arrowroot Family Office LLC’s holdings in Lockheed Martin were worth $212,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Hawaiian Bank increased its stake in Lockheed Martin by 2.7% in the second quarter. First Hawaiian Bank now owns 2,359 shares of the aerospace company’s stock valued at $1,102,000 after purchasing an additional 63 shares during the last quarter. Versant Capital Management Inc lifted its position in Lockheed Martin by 419.2% in the second quarter. Versant Capital Management Inc now owns 135 shares of the aerospace company’s stock valued at $63,000 after acquiring an additional 109 shares during the last quarter. Bank & Trust Co acquired a new position in Lockheed Martin in the second quarter valued at $82,000. Mather Group LLC. grew its holdings in shares of Lockheed Martin by 65.8% during the second quarter. Mather Group LLC. now owns 1,774 shares of the aerospace company’s stock worth $807,000 after purchasing an additional 704 shares during the last quarter. Finally, Fragasso Financial Advisors Inc increased its position in shares of Lockheed Martin by 6.0% during the second quarter. Fragasso Financial Advisors Inc now owns 491 shares of the aerospace company’s stock worth $229,000 after purchasing an additional 28 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

NYSE:LMT opened at $529.41 on Monday. The firm has a market cap of $125.49 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 4.32 and a beta of 0.49. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The company’s 50-day moving average is $568.75 and its two-hundred day moving average is $529.80.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same period in the previous year, the firm earned $6.77 earnings per share. Lockheed Martin’s revenue was up 1.3% compared to the same quarter last year. Research analysts expect that Lockheed Martin Co. will post 26.94 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Monday, December 2nd. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is 45.62%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Citigroup raised their price target on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Morgan Stanley upped their price target on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Robert W. Baird lifted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Susquehanna decreased their target price on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research note on Wednesday, October 23rd. Finally, Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.