Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 4.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 735 shares of the aerospace company’s stock after acquiring an additional 30 shares during the period. Mezzasalma Advisors LLC’s holdings in Lockheed Martin were worth $430,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burkett Financial Services LLC acquired a new stake in shares of Lockheed Martin during the third quarter valued at about $32,000. Mattson Financial Services LLC purchased a new position in Lockheed Martin in the second quarter valued at about $27,000. Sachetta LLC grew its stake in Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 20 shares in the last quarter. Wiser Advisor Group LLC increased its holdings in Lockheed Martin by 65.8% during the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 25 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in shares of Lockheed Martin in the 1st quarter valued at approximately $30,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of research analyst reports. Melius upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective on the stock in a research note on Tuesday, September 3rd. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Susquehanna boosted their price objective on Lockheed Martin from $540.00 to $565.00 and gave the company a “positive” rating in a report on Wednesday, July 24th. UBS Group increased their target price on Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, Wells Fargo & Company boosted their price target on Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $587.15.

Lockheed Martin Stock Down 0.0 %

Lockheed Martin stock opened at $612.78 on Thursday. The firm has a market capitalization of $147.03 billion, a P/E ratio of 22.42, a P/E/G ratio of 4.84 and a beta of 0.47. The company has a 50-day simple moving average of $575.92 and a 200-day simple moving average of $508.46. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $614.62. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate of $6.45 by $0.66. The firm had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. Lockheed Martin’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.73 EPS. As a group, equities analysts expect that Lockheed Martin Co. will post 26.68 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.15%. 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. Lockheed Martin’s payout ratio is 48.30%.

Insider Transactions at Lockheed Martin

In related news, insider Timothy S. Cahill sold 3,975 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total value of $2,048,556.00. Following the completion of the sale, the insider now owns 8,877 shares of the company’s stock, valued at $4,574,850.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.17% of the company’s stock.

Lockheed Martin 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.