Harwood Advisory Group LLC lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,314 shares of the aerospace company’s stock after acquiring an additional 190 shares during the quarter. Harwood Advisory Group LLC’s holdings in Lockheed Martin were worth $2,853,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LMT. CSat Investment Advisory L.P. boosted its stake in Lockheed Martin by 2,992.9% in the 2nd quarter. CSat Investment Advisory L.P. now owns 433 shares of the aerospace company’s stock worth $158,000 after purchasing an additional 419 shares during the period. Haverford Trust Co. raised its holdings in shares of Lockheed Martin by 6.4% in the 2nd quarter. Haverford Trust Co. now owns 33,538 shares of the aerospace company’s stock valued at $12,192,000 after acquiring an additional 2,011 shares in the last quarter. Lucia Wealth Services LLC raised its holdings in shares of Lockheed Martin by 78.5% in the 2nd quarter. Lucia Wealth Services LLC now owns 191 shares of the aerospace company’s stock valued at $69,000 after acquiring an additional 84 shares in the last quarter. Carroll Financial Associates Inc. raised its holdings in shares of Lockheed Martin by 44.6% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,252 shares of the aerospace company’s stock valued at $455,000 after acquiring an additional 386 shares in the last quarter. Finally, Cibc World Markets Corp raised its holdings in shares of Lockheed Martin by 67.1% in the 2nd quarter. Cibc World Markets Corp now owns 69,474 shares of the aerospace company’s stock valued at $25,257,000 after acquiring an additional 27,901 shares in the last quarter. Institutional investors own 78.37% of the company’s stock.

Shares of NYSE LMT traded down $0.59 during trading hours on Wednesday, reaching $382.16. 19,631 shares of the stock traded hands, compared to its average volume of 1,127,620. The company has a market capitalization of $107.73 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 2.53 and a beta of 0.96. The company has a quick ratio of 0.96, a current ratio of 1.20 and a debt-to-equity ratio of 4.36. Lockheed Martin Co. has a 52-week low of $241.18 and a 52-week high of $399.96. The company’s 50-day simple moving average is $385.73 and its two-hundred day simple moving average is $356.47.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 EPS for the quarter, topping the Zacks’ consensus estimate of $4.74 by $0.26. The business had revenue of $14.42 billion for the quarter, compared to analysts’ expectations of $14.17 billion. Lockheed Martin had a return on equity of 297.37% and a net margin of 10.18%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.31 EPS. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 21.22 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a $2.40 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.20. This represents a $9.60 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Friday, November 29th. Lockheed Martin’s payout ratio is 49.30%.

Several analysts have weighed in on LMT shares. Barclays reaffirmed a “hold” rating and issued a $410.00 price target on shares of Lockheed Martin in a report on Wednesday, October 9th. Morgan Stanley raised their price objective on Lockheed Martin from $376.00 to $381.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. UBS Group raised their price objective on Lockheed Martin from $385.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. raised their price objective on Lockheed Martin from $360.00 to $395.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Finally, DZ Bank reissued a “hold” rating on shares of Lockheed Martin in a report on Thursday, July 25th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Lockheed Martin has a consensus rating of “Buy” and an average target price of $372.64.

In other Lockheed Martin news, SVP Maryanne Lavan sold 1,003 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $365.50, for a total value of $366,596.50. Following the transaction, the senior vice president now directly owns 1,478 shares of the company’s stock, valued at approximately $540,209. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James D. Taiclet, Jr. purchased 1,354 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was bought at an average cost of $376.32 per share, for a total transaction of $509,537.28. Following the completion of the purchase, the director now directly owns 1,354 shares in the company, valued at $509,537.28. The disclosure for this purchase can be found here. Insiders sold a total of 22,503 shares of company stock worth $8,292,527 over the last ninety days. Insiders own 0.35% of the company’s stock.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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