Signaturefd LLC Increases Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Signaturefd LLC increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,904 shares of the aerospace company’s stock after purchasing an additional 82 shares during the quarter. Signaturefd LLC’s holdings in Lockheed Martin were worth $2,866,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stokes Family Office LLC purchased a new stake in Lockheed Martin in the 1st quarter worth about $425,000. Gulf International Bank UK Ltd lifted its holdings in Lockheed Martin by 6.5% during the 1st quarter. Gulf International Bank UK Ltd now owns 1,439 shares of the aerospace company’s stock valued at $654,000 after buying an additional 88 shares in the last quarter. Austin Private Wealth LLC grew its stake in Lockheed Martin by 11.8% in the 1st quarter. Austin Private Wealth LLC now owns 880 shares of the aerospace company’s stock worth $394,000 after acquiring an additional 93 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of Lockheed Martin by 4.9% during the first quarter. Gateway Investment Advisers LLC now owns 5,446 shares of the aerospace company’s stock worth $2,477,000 after acquiring an additional 256 shares during the period. Finally, Annex Advisory Services LLC bought a new stake in shares of Lockheed Martin during the first quarter valued at approximately $220,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling

In other Lockheed Martin 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 transaction of $2,048,556.00. Following the completion of the transaction, the insider now directly owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on LMT. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upped their price objective on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Robert W. Baird raised their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday. Susquehanna increased their price objective on shares of Lockheed Martin from $565.00 to $705.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Finally, UBS Group boosted their price objective on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $599.93.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded down $37.28 during midday trading on Tuesday, hitting $577.33. The company had a trading volume of 1,295,701 shares, compared to its average volume of 1,047,867. The company has a fifty day simple moving average of $579.45 and a 200 day simple moving average of $512.24. The stock has a market cap of $138.52 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 4.84 and a beta of 0.47. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10.

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 analysts’ consensus estimates of $6.45 by $0.66. The company had revenue of $18.12 billion during the quarter, compared to analyst estimates of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $6.73 EPS. 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 disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.29%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s dividend payout ratio (DPR) is presently 48.30%.

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.