Lockheed Martin Co. (NYSE:LMT) is Keating Investment Counselors Inc.’s 8th Largest Position

Keating Investment Counselors Inc. lowered its position in Lockheed Martin Co. (NYSE:LMT) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 18,927 shares of the aerospace company’s stock after selling 350 shares during the quarter. Lockheed Martin comprises 3.8% of Keating Investment Counselors Inc.’s investment portfolio, making the stock its 8th largest holding. Keating Investment Counselors Inc.’s holdings in Lockheed Martin were worth $7,254,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LMT. CX Institutional increased its stake in shares of Lockheed Martin by 6.6% during the second quarter. CX Institutional now owns 7,427 shares of the aerospace company’s stock valued at $2,710,000 after buying an additional 463 shares during the period. ARGI Investment Services LLC grew its position in shares of Lockheed Martin by 32.6% during the second quarter. ARGI Investment Services LLC now owns 806 shares of the aerospace company’s stock worth $294,000 after purchasing an additional 198 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Lockheed Martin during the second quarter valued at approximately $2,215,000. Flagship Harbor Advisors LLC lifted its stake in shares of Lockheed Martin by 5.6% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 2,475 shares of the aerospace company’s stock valued at $948,000 after purchasing an additional 132 shares during the last quarter. Finally, Busey Wealth Management lifted its stake in shares of Lockheed Martin by 3.1% in the 3rd quarter. Busey Wealth Management now owns 3,370 shares of the aerospace company’s stock valued at $1,292,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 77.56% of the company’s stock.

Shares of LMT traded down $9.41 during mid-day trading on Monday, hitting $364.92. 24,673 shares of the company’s stock were exchanged, compared to its average volume of 1,482,760. Lockheed Martin Co. has a fifty-two week low of $266.11 and a fifty-two week high of $442.53. The firm has a market capitalization of $104.64 billion, a P/E ratio of 16.13, a P/E/G ratio of 2.26 and a beta of 0.95. The business’s 50 day moving average is $385.48 and its two-hundred day moving average is $380.35. The company has a current ratio of 1.31, a quick ratio of 1.08 and a debt-to-equity ratio of 3.22.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 20th. The aerospace company reported $6.25 earnings per share for the quarter, topping the consensus estimate of $6.07 by $0.18. Lockheed Martin had a net margin of 10.25% and a return on equity of 182.05%. The business had revenue of $16.50 billion during the quarter, compared to the consensus estimate of $16.14 billion. During the same quarter in the prior year, the firm earned $5.66 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts forecast that Lockheed Martin Co. will post 24.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Tuesday, December 1st will be given a $2.60 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $10.40 dividend on an annualized basis and a yield of 2.85%. This is an increase from Lockheed Martin’s previous quarterly dividend of $2.40. Lockheed Martin’s dividend payout ratio (DPR) is presently 43.74%.

A number of research analysts have recently issued reports on the company. Goldman Sachs Group downgraded Lockheed Martin from a “conviction-buy” rating to a “buy” rating in a report on Sunday, September 20th. Morgan Stanley assumed coverage on Lockheed Martin in a report on Tuesday, September 8th. They issued an “overweight” rating and a $509.00 price objective for the company. ValuEngine cut Lockheed Martin from a “hold” rating to a “sell” rating in a report on Wednesday, October 21st. Bank of America boosted their price objective on Lockheed Martin from $400.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, Argus boosted their price objective on Lockheed Martin from $425.00 to $450.00 and gave the company a “buy” rating in a report on Friday, July 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. Lockheed Martin has a consensus rating of “Buy” and an average price target of $451.18.

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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