Nachman Norwood & Parrott Inc Sells 41 Shares of Lockheed Martin Co. (NYSE:LMT)

Nachman Norwood & Parrott Inc lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,513 shares of the aerospace company’s stock after selling 41 shares during the period. Nachman Norwood & Parrott Inc’s holdings in Lockheed Martin were worth $579,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC increased its holdings in Lockheed Martin by 42.0% in the 2nd quarter. FMR LLC now owns 3,368,655 shares of the aerospace company’s stock worth $1,229,291,000 after acquiring an additional 995,998 shares in the last quarter. Bank of America Corp DE increased its holdings in Lockheed Martin by 6.1% in the 2nd quarter. Bank of America Corp DE now owns 9,017,771 shares of the aerospace company’s stock worth $3,290,766,000 after acquiring an additional 519,019 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Lockheed Martin by 115.3% in the 2nd quarter. Two Sigma Advisers LP now owns 677,892 shares of the aerospace company’s stock worth $247,376,000 after acquiring an additional 362,999 shares in the last quarter. Capital World Investors increased its holdings in Lockheed Martin by 1.5% in the 1st quarter. Capital World Investors now owns 17,207,412 shares of the aerospace company’s stock worth $5,832,471,000 after acquiring an additional 252,054 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Lockheed Martin by 11.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,360,935 shares of the aerospace company’s stock worth $861,553,000 after acquiring an additional 241,810 shares in the last quarter. Hedge funds and other institutional investors own 77.56% of the company’s stock.

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

LMT stock opened at $386.50 on Friday. The firm has a fifty day moving average price of $387.58 and a 200 day moving average price of $379.24. 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 firm has a market cap of $108.04 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 2.29 and a beta of 0.95.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 21st. The aerospace company reported $5.79 earnings per share for the quarter, beating analysts’ consensus estimates of $5.72 by $0.07. Lockheed Martin had a net margin of 10.25% and a return on equity of 182.05%. The firm had revenue of $16.22 billion during the quarter, compared to analyst estimates of $15.19 billion. During the same period last year, the firm posted $5.00 earnings per share. Lockheed Martin’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, equities analysts predict that Lockheed Martin Co. will post 24.52 EPS for the current year.

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

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, Rotary and Mission Systems, and Space Systems.

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

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