Lockheed Martin Co. (NYSE:LMT) Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC cut its position in shares of Lockheed Martin Co. (NYSE:LMT) by 4.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,330 shares of the aerospace company’s stock after selling 69 shares during the period. Gilman Hill Asset Management LLC’s holdings in Lockheed Martin were worth $510,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bay Harbor Wealth Management LLC acquired a new stake in Lockheed Martin during the first quarter worth about $25,000. Proffitt & Goodson Inc. increased its stake in Lockheed Martin by 58.2% during the second quarter. Proffitt & Goodson Inc. now owns 106 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 39 shares during the last quarter. Lenox Wealth Advisors LLC increased its stake in Lockheed Martin by 140.5% during the third quarter. Lenox Wealth Advisors LLC now owns 101 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 59 shares during the last quarter. Fred Alger Management LLC increased its stake in Lockheed Martin by 51.2% during the first quarter. Fred Alger Management LLC now owns 127 shares of the aerospace company’s stock worth $43,000 after acquiring an additional 43 shares during the last quarter. Finally, Hoover Financial Advisors Inc. acquired a new stake in Lockheed Martin during the second quarter worth about $45,000. Institutional investors own 77.56% of the company’s stock.

NYSE LMT traded up $0.38 during mid-day trading on Friday, reaching $386.50. 952,117 shares of the company’s stock traded hands, compared to its average volume of 1,490,552. Lockheed Martin Co. has a 1-year low of $266.11 and a 1-year high of $442.53. The company has a fifty day simple moving average of $387.58 and a 200-day simple moving average of $379.24. The company has a current ratio of 1.31, a quick ratio of 1.08 and a debt-to-equity ratio of 3.22. The company has a market cap of $108.04 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 2.29 and a beta of 0.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 return on equity of 182.05% and a net margin of 10.25%. The firm had revenue of $16.22 billion during the quarter, compared to analyst estimates of $15.19 billion. During the same quarter last year, the firm earned $5.00 EPS. Lockheed Martin’s quarterly revenue was up 12.4% on a year-over-year basis. Equities research analysts forecast that Lockheed Martin Co. will post 24.52 earnings per share for the current fiscal year.

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

A number of research firms have recently issued reports on LMT. Credit Suisse Group lowered their target price on Lockheed Martin from $433.00 to $400.00 and set a “hold” rating for the company in a research note on Friday, July 17th. Bank of America increased their target price on Lockheed Martin from $400.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Morgan Stanley began coverage on Lockheed Martin in a research note on Tuesday, September 8th. They issued an “overweight” rating and a $509.00 target price for the company. ValuEngine upgraded Lockheed Martin from a “sell” rating to a “hold” rating in a research note on Wednesday, August 26th. Finally, Goldman Sachs Group lowered Lockheed Martin from a “conviction-buy” rating to a “buy” rating in a research note on Sunday, September 20th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Lockheed Martin presently has a consensus rating of “Buy” and an average price target of $450.59.

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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