Retirement Guys Formula LLC Grows Position in Lockheed Martin Co. (NYSE:LMT)

Retirement Guys Formula LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,839 shares of the aerospace company’s stock after acquiring an additional 44 shares during the quarter. Retirement Guys Formula LLC’s holdings in Lockheed Martin were worth $1,660,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Asset Planning Corporation acquired a new position in shares of Lockheed Martin during the third quarter valued at about $358,000. James Hambro & Partners LLP acquired a new position in Lockheed Martin in the 3rd quarter worth approximately $205,000. Marino Stram & Associates LLC increased its holdings in Lockheed Martin by 0.9% in the 3rd quarter. Marino Stram & Associates LLC now owns 6,720 shares of the aerospace company’s stock worth $3,928,000 after buying an additional 63 shares during the period. Brown Lisle Cummings Inc. increased its holdings in Lockheed Martin by 36.3% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 3,247 shares of the aerospace company’s stock worth $1,898,000 after buying an additional 865 shares during the period. Finally, Calton & Associates Inc. increased its holdings in Lockheed Martin by 5,832.6% in the 3rd quarter. Calton & Associates Inc. now owns 56,182 shares of the aerospace company’s stock worth $32,842,000 after buying an additional 55,235 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE:LMT traded up $1.80 during midday trading on Monday, reaching $613.61. 431,689 shares of the company’s stock traded hands, compared to its average volume of 1,044,143. The company has a fifty day simple moving average of $578.29 and a two-hundred day simple moving average of $511.11. 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 company has a market cap of $147.23 billion, a P/E ratio of 22.49, a PEG 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 $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company 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 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts predict that Lockheed Martin Co. will post 26.68 EPS for the current fiscal 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 paid a $3.30 dividend. The ex-dividend date is Monday, December 2nd. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.15%. Lockheed Martin’s dividend payout ratio (DPR) is 48.30%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Bank of America reiterated a “buy” rating and issued a $635.00 price target on shares of Lockheed Martin in a report on Friday, August 30th. UBS Group increased their price target on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Morgan Stanley increased their price target on shares of Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Royal Bank of Canada upped their price objective on Lockheed Martin from $600.00 to $675.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Finally, Barclays upped their price objective on Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $597.92.

Insiders Place Their Bets

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total value of $2,048,556.00. Following the completion of the sale, the insider now directly owns 8,877 shares of the company’s stock, valued at $4,574,850.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin 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.