Donaldson Capital Management LLC Sells 18,434 Shares of Lockheed Martin Co. (NYSE:LMT)
Donaldson Capital Management LLC cut its holdings in shares of Lockheed Martin Co. (NYSE:LMT – Free Report) by 17.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,546 shares of the aerospace company’s stock after selling 18,434 shares during the quarter. Lockheed Martin makes up about 1.7% of Donaldson Capital Management LLC’s investment portfolio, making the stock its 27th biggest position. Donaldson Capital Management LLC’s holdings in Lockheed Martin were worth $36,621,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its holdings in shares of Lockheed Martin by 81,305.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,907,328 shares of the aerospace company’s stock worth $927,896,000 after purchasing an additional 1,904,985 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Lockheed Martin by 197.7% in the first quarter. Envestnet Asset Management Inc. now owns 1,495,056 shares of the aerospace company’s stock worth $253,332,000 after purchasing an additional 992,835 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Lockheed Martin by 426.6% in the second quarter. Osaic Holdings Inc. now owns 1,203,558 shares of the aerospace company’s stock worth $104,767,000 after purchasing an additional 975,012 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Lockheed Martin in the second quarter worth about $351,143,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Lockheed Martin by 586.8% in the first quarter. Renaissance Technologies LLC now owns 369,500 shares of the aerospace company’s stock worth $163,097,000 after purchasing an additional 315,700 shares during the last quarter. 74.26% of the stock is owned by institutional investors.
Lockheed Martin Trading Up 1.0 %
Shares of NYSE:LMT traded up $4.55 during trading hours on Monday, hitting $446.36. 304,574 shares of the company’s stock traded hands, compared to its average volume of 1,244,182. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $508.10. The business has a fifty day moving average price of $446.28 and a 200-day moving average price of $445.43. The firm has a market capitalization of $110.74 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 1.90 and a beta of 0.57. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.36 and a quick ratio of 1.16.
Lockheed Martin (NYSE:LMT – Get Free Report) last announced its quarterly earnings results on Tuesday, October 17th. The aerospace company reported $6.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.67 by $0.10. The firm had revenue of $16.88 billion during the quarter, compared to analyst estimates of $16.73 billion. Lockheed Martin had a return on equity of 75.46% and a net margin of 10.29%. Lockheed Martin’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.87 earnings per share. Equities analysts expect that Lockheed Martin Co. will post 27.19 earnings per share for the current year.
Lockheed Martin Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be issued a $3.15 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.00. The ex-dividend date is Thursday, November 30th. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.82%. Lockheed Martin’s payout ratio is presently 46.04%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on LMT shares. JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $495.00 to $481.00 and set a “neutral” rating on the stock in a report on Wednesday, October 18th. StockNews.com assumed coverage on Lockheed Martin in a research note on Thursday, October 5th. They set a “buy” rating on the stock. Morgan Stanley reduced their price objective on Lockheed Martin from $532.00 to $510.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 18th. Jefferies Financial Group reduced their price objective on Lockheed Martin from $505.00 to $455.00 and set a “hold” rating on the stock in a research note on Wednesday, October 4th. Finally, Wells Fargo & Company raised Lockheed Martin from an “underweight” rating to an “equal weight” rating and set a $440.00 price objective on the stock in a research note on Monday, September 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and a consensus target price of $484.07.
Get Our Latest Analysis on LMT
Lockheed Martin Profile (Free Report)
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.
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