Emerald Advisors LLC Raises Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

by · The Cerbat Gem

Emerald Advisors LLC raised its position in shares of Lockheed Martin Co. (NYSE:LMT – Free Report) by 12.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,697 shares of the aerospace company’s stock after acquiring an additional 187 shares during the period. Emerald Advisors LLC’s holdings in Lockheed Martin were worth $694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC increased its position in shares of Lockheed Martin by 81,305.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,907,328 shares of the aerospace company’s stock valued at $927,896,000 after purchasing an additional 1,904,985 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Lockheed Martin by 197.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,495,056 shares of the aerospace company’s stock valued at $253,332,000 after purchasing an additional 992,835 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Lockheed Martin by 426.6% during the 2nd quarter. Osaic Holdings Inc. now owns 1,203,558 shares of the aerospace company’s stock valued at $104,767,000 after purchasing an additional 975,012 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Lockheed Martin during the 2nd quarter valued at approximately $351,143,000. Finally, Renaissance Technologies LLC increased its position in shares of Lockheed Martin by 586.8% during the 1st quarter. Renaissance Technologies LLC now owns 369,500 shares of the aerospace company’s stock valued at $163,097,000 after purchasing an additional 315,700 shares during the last quarter. 74.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LMT shares. Morgan Stanley cut their target price on Lockheed Martin from $532.00 to $510.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 18th. Deutsche Bank Aktiengesellschaft initiated coverage on Lockheed Martin in a research report on Wednesday, September 27th. They issued a “hold” rating and a $435.00 price objective on the stock. Jefferies Financial Group cut their price objective on Lockheed Martin from $505.00 to $455.00 and set a “hold” rating on the stock in a research report on Wednesday, October 4th. StockNews.com initiated coverage on Lockheed Martin in a research report on Thursday, October 5th. They issued a “buy” rating on the stock. Finally, Citigroup cut their price objective on Lockheed Martin from $555.00 to $540.00 and set a “buy” rating on the stock in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $484.07.

View Our Latest Research Report on Lockheed Martin

Lockheed Martin Trading Down 1.2 %

Lockheed Martin stock opened at $442.60 on Thursday. The stock has a 50-day moving average of $446.86 and a two-hundred day moving average of $445.34. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.16 and a current ratio of 1.36. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $508.10. The stock has a market cap of $109.81 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.91 and a beta of 0.57.

Lockheed Martin (NYSE:LMT – Get Free Report) last released its quarterly earnings results on Tuesday, October 17th. The aerospace company reported $6.77 EPS for the quarter, beating analysts’ consensus estimates of $6.67 by $0.10. Lockheed Martin had a return on equity of 75.46% and a net margin of 10.29%. The company had revenue of $16.88 billion during the quarter, compared to analysts’ expectations of $16.73 billion. During the same period last year, the business posted $6.87 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year. On average, research analysts anticipate that Lockheed Martin Co. will post 27.2 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be paid a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.85%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.00. The ex-dividend date is Thursday, November 30th. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.04%.

About Lockheed Martin

(Free Report)

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.

See Also

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