Lockheed Martin Co. (NYSE:LMT) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. lowered its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,304 shares of the aerospace company’s stock after selling 175 shares during the period. Lockheed Martin accounts for 1.9% of Bard Financial Services Inc.’s investment portfolio, making the stock its 9th largest holding. Bard Financial Services Inc.’s holdings in Lockheed Martin were worth $15,961,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Old West Investment Management LLC boosted its stake in Lockheed Martin by 6.6% during the 3rd quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company’s stock worth $15,569,000 after purchasing an additional 1,643 shares during the period. Second Line Capital LLC purchased a new position in Lockheed Martin during the 3rd quarter worth $202,000. Hohimer Wealth Management LLC raised its position in Lockheed Martin by 12.9% during the 3rd quarter. Hohimer Wealth Management LLC now owns 8,094 shares of the aerospace company’s stock worth $4,731,000 after buying an additional 925 shares during the last quarter. TD Private Client Wealth LLC raised its position in Lockheed Martin by 0.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 11,223 shares of the aerospace company’s stock worth $6,561,000 after buying an additional 52 shares during the last quarter. Finally, Virtue Capital Management LLC raised its position in Lockheed Martin by 112.8% during the 3rd quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company’s stock worth $1,315,000 after buying an additional 1,192 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.3 %

LMT opened at $514.27 on Wednesday. The firm has a market capitalization of $121.90 billion, a P/E ratio of 18.57, a P/E/G ratio of 4.19 and a beta of 0.47. The firm’s 50 day moving average is $561.02 and its 200-day moving average is $531.86. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data 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 company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $6.77 earnings per share. Analysts expect that Lockheed Martin Co. will post 26.94 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.57%. 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 payout ratio is 47.79%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Citigroup upped their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. TD Cowen increased their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Susquehanna cut their price target on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $611.00.

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.