Lockheed Martin Co. (NYSE:LMT) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 77.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,113 shares of the aerospace company’s stock after purchasing an additional 3,113 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Lockheed Martin were worth $4,158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LMT. Russell Investments Group Ltd. raised its holdings in Lockheed Martin by 10.1% during the first quarter. Russell Investments Group Ltd. now owns 54,030 shares of the aerospace company’s stock worth $24,577,000 after purchasing an additional 4,976 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Lockheed Martin in the 1st quarter valued at $30,000. Entropy Technologies LP increased its holdings in shares of Lockheed Martin by 213.6% in the 1st quarter. Entropy Technologies LP now owns 10,570 shares of the aerospace company’s stock valued at $4,808,000 after acquiring an additional 7,199 shares during the period. William Allan Corp increased its holdings in shares of Lockheed Martin by 8.4% in the 1st quarter. William Allan Corp now owns 3,719 shares of the aerospace company’s stock valued at $1,691,000 after acquiring an additional 288 shares during the period. Finally, Koshinski Asset Management Inc. increased its holdings in shares of Lockheed Martin by 25.7% in the 1st quarter. Koshinski Asset Management Inc. now owns 5,473 shares of the aerospace company’s stock valued at $2,489,000 after acquiring an additional 1,118 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $570.58 on Tuesday. The firm has a market capitalization of $135.25 billion, a P/E ratio of 20.66, a PEG ratio of 4.62 and a beta of 0.49. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The company’s fifty day moving average is $578.06 and its two-hundred day moving average is $522.08. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.77 EPS. Analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be given a $3.30 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a dividend yield of 2.31%. Lockheed Martin’s payout ratio is currently 45.62%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LMT. Citigroup lifted their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Robert W. Baird lifted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. UBS Group lifted their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Wells Fargo & Company lifted their price objective on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $611.00.

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.