Capital Investment Counsel LLC Raises Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Capital Investment Counsel LLC grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 4.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,685 shares of the aerospace company’s stock after acquiring an additional 154 shares during the quarter. Capital Investment Counsel LLC’s holdings in Lockheed Martin were worth $2,154,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMT. SevenBridge Financial Group LLC raised its stake in Lockheed Martin by 3.4% during the third quarter. SevenBridge Financial Group LLC now owns 6,215 shares of the aerospace company’s stock valued at $3,546,000 after purchasing an additional 207 shares in the last quarter. Crewe Advisors LLC increased its holdings in shares of Lockheed Martin by 4.5% in the 3rd quarter. Crewe Advisors LLC now owns 515 shares of the aerospace company’s stock worth $301,000 after buying an additional 22 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Lockheed Martin by 42.9% during the 3rd quarter. Larson Financial Group LLC now owns 630 shares of the aerospace company’s stock valued at $368,000 after buying an additional 189 shares in the last quarter. Sompo Asset Management Co. Ltd. raised its position in shares of Lockheed Martin by 9.1% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 2,870 shares of the aerospace company’s stock valued at $1,678,000 after buying an additional 240 shares in the last quarter. Finally, Lane & Associates LLC bought a new position in shares of Lockheed Martin in the 3rd quarter valued at about $205,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LMT has been the topic of several analyst reports. Susquehanna reduced their price objective on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a research note on Wednesday, October 23rd. Bank of America reissued a “buy” rating and set a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 23rd. Citigroup lifted their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Robert W. Baird increased their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $611.00.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $542.22 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The stock has a market cap of $128.53 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 4.43 and a beta of 0.49. The firm has a 50-day moving average of $573.12 and a two-hundred day moving average of $527.36. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly 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. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.77 earnings per share. On average, research analysts forecast 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 is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.43%. Lockheed Martin’s dividend payout ratio is presently 45.62%.

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.