LexAurum Advisors LLC Sells 18 Shares of Lockheed Martin Co. (NYSE:LMT)

LexAurum Advisors LLC decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 432 shares of the aerospace company’s stock after selling 18 shares during the quarter. LexAurum Advisors LLC’s holdings in Lockheed Martin were worth $253,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LMT. Wulff Hansen & CO. increased its position in Lockheed Martin by 56,626.7% during the 2nd quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company’s stock valued at $476,947,000 after purchasing an additional 1,019,281 shares during the period. Van ECK Associates Corp increased its holdings in Lockheed Martin by 1,075.2% during the first quarter. Van ECK Associates Corp now owns 481,106 shares of the aerospace company’s stock valued at $218,841,000 after buying an additional 440,169 shares during the period. Capital Research Global Investors raised its stake in Lockheed Martin by 29.7% in the first quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company’s stock worth $433,621,000 after buying an additional 218,506 shares in the last quarter. National Bank of Canada FI lifted its holdings in Lockheed Martin by 219.3% during the first quarter. National Bank of Canada FI now owns 318,107 shares of the aerospace company’s stock worth $149,138,000 after buying an additional 218,466 shares during the period. Finally, Legal & General Group Plc boosted its position in Lockheed Martin by 14.9% during the 2nd quarter. Legal & General Group Plc now owns 1,384,774 shares of the aerospace company’s stock valued at $646,828,000 after acquiring an additional 180,074 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Activity

In related news, insider Timothy S. Cahill sold 3,975 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the sale, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Performance

LMT opened at $611.76 on Friday. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $614.62. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $146.78 billion, a PE ratio of 22.38, a P/E/G ratio of 4.84 and a beta of 0.47. The firm has a 50 day moving average of $578.29 and a two-hundred day moving average of $510.27.

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

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a dividend of $3.30 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.16%. Lockheed Martin’s dividend payout ratio (DPR) is presently 48.30%.

Analysts Set New Price Targets

LMT has been the subject of a number of analyst reports. UBS Group upped their price objective on Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Melius Research upgraded shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. Morgan Stanley boosted their price objective on shares of Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. TD Cowen upgraded shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Susquehanna upped their price target on Lockheed Martin from $565.00 to $705.00 and gave the stock a “positive” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $597.92.

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.