Rogco LP Sells 121 Shares of Lockheed Martin Co. (NYSE:LMT)

Rogco LP lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,181 shares of the aerospace company’s stock after selling 121 shares during the quarter. Rogco LP’s holdings in Lockheed Martin were worth $1,275,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LMT. Mattson Financial Services LLC acquired a new position in Lockheed Martin in the second quarter valued at about $27,000. Sachetta LLC increased its stake in shares of Lockheed Martin by 50.0% in the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 20 shares during the last quarter. Wiser Advisor Group LLC raised its position in shares of Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 25 shares during the period. Edmond DE Rothschild Holding S.A. bought a new position in Lockheed Martin during the 1st quarter worth approximately $30,000. Finally, Stephens Consulting LLC grew its holdings in Lockheed Martin by 48.9% during the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 22 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.3 %

LMT traded down $1.57 during trading on Thursday, hitting $569.53. The company’s stock had a trading volume of 362,201 shares, compared to its average volume of 1,051,213. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The stock’s fifty day moving average price is $579.95 and its 200-day moving average price is $513.50. The firm has a market capitalization of $136.65 billion, a P/E ratio of 20.92, a PEG ratio of 4.84 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $6.77 EPS. Analysts anticipate that Lockheed Martin Co. will post 26.68 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Monday, December 2nd. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio is 48.30%.

Wall Street Analyst Weigh In

LMT has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Citigroup boosted their target price on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Barclays upped their price target on shares of Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Bank of America reaffirmed a “buy” rating and issued a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. Finally, Susquehanna dropped their target price on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and an average target price of $606.71.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.