IFM Investors Pty Ltd Cuts Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

IFM Investors Pty Ltd cut its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,053 shares of the aerospace company’s stock after selling 422 shares during the period. IFM Investors Pty Ltd’s holdings in Lockheed Martin were worth $4,707,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stokes Family Office LLC acquired a new position in shares of Lockheed Martin in the 1st quarter valued at about $425,000. Cornerstone Wealth Group LLC acquired a new position in Lockheed Martin during the first quarter valued at approximately $707,000. LVW Advisors LLC grew its stake in Lockheed Martin by 23.8% during the first quarter. LVW Advisors LLC now owns 972 shares of the aerospace company’s stock worth $442,000 after buying an additional 187 shares during the period. Oak Asset Management LLC acquired a new stake in shares of Lockheed Martin in the first quarter worth $824,000. Finally, Chapin Davis Inc. raised its stake in shares of Lockheed Martin by 73.7% in the 1st quarter. Chapin Davis Inc. now owns 1,270 shares of the aerospace company’s stock valued at $578,000 after acquiring an additional 539 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.3 %

Shares of NYSE:LMT opened at $562.29 on Friday. The company’s fifty day moving average is $580.07 and its two-hundred day moving average is $515.08. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.07 and a current ratio of 1.30. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The stock has a market capitalization of $134.03 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 4.62 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the prior year, the business earned $6.77 earnings per share. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts anticipate that Lockheed Martin Co. will post 26.65 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be paid a dividend of $3.30 per share. 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 yield of 2.35%. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s dividend payout ratio is presently 45.62%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LMT. Melius raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price target for the company in a research report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft raised their target price on Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Melius Research raised shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, Morgan Stanley raised their target price on Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $606.71.

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.