Diversified Trust Co boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 55.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,309 shares of the aerospace company’s stock after acquiring an additional 1,177 shares during the quarter. Diversified Trust Co’s holdings in Lockheed Martin were worth $1,268,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bay Harbor Wealth Management LLC bought a new position in Lockheed Martin in the 1st quarter worth about $25,000. Proffitt & Goodson Inc. increased its stake in Lockheed Martin by 58.2% in the 2nd quarter. Proffitt & Goodson Inc. now owns 106 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 39 shares during the last quarter. Lenox Wealth Advisors LLC increased its stake in Lockheed Martin by 140.5% in the 3rd quarter. Lenox Wealth Advisors LLC now owns 101 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 59 shares during the last quarter. Fred Alger Management LLC increased its stake in Lockheed Martin by 51.2% in the 1st quarter. Fred Alger Management LLC now owns 127 shares of the aerospace company’s stock worth $43,000 after acquiring an additional 43 shares during the last quarter. Finally, Hoover Financial Advisors Inc. bought a new position in Lockheed Martin in the 2nd quarter worth about $45,000. Institutional investors and hedge funds own 77.56% of the company’s stock.

NYSE LMT opened at $386.50 on Friday. Lockheed Martin Co. has a fifty-two week low of $266.11 and a fifty-two week high of $442.53. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.08 and a current ratio of 1.31. The stock has a 50 day simple moving average of $387.58 and a two-hundred day simple moving average of $379.24. The stock has a market cap of $108.04 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 2.29 and a beta of 0.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $5.79 earnings per share for the quarter, topping the consensus estimate of $5.72 by $0.07. Lockheed Martin had a return on equity of 182.05% and a net margin of 10.25%. The business had revenue of $16.22 billion during the quarter, compared to analysts’ expectations of $15.19 billion. During the same quarter last year, the business posted $5.00 EPS. The business’s revenue was up 12.4% on a year-over-year basis. Sell-side analysts predict that Lockheed Martin Co. will post 24.52 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Tuesday, December 1st will be issued a $2.60 dividend. The ex-dividend date is Monday, November 30th. This represents a $10.40 annualized dividend and a yield of 2.69%. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.40. Lockheed Martin’s dividend payout ratio (DPR) is 43.74%.

Several brokerages have recently commented on LMT. ValuEngine upgraded Lockheed Martin from a “sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Bank of America increased their price objective on Lockheed Martin from $400.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Goldman Sachs Group lowered Lockheed Martin from a “conviction-buy” rating to a “buy” rating in a research report on Sunday, September 20th. Argus increased their price objective on Lockheed Martin from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Morgan Stanley began coverage on Lockheed Martin in a research report on Tuesday, September 8th. They set an “overweight” rating and a $509.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $450.59.

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

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

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