Lowe Brockenbrough & Co. Inc. boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 10.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,083 shares of the aerospace company’s stock after acquiring an additional 930 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Lockheed Martin were worth $3,865,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Simon Quick Advisors LLC bought a new stake in Lockheed Martin in the 3rd quarter valued at $32,000. Proffitt & Goodson Inc. lifted its position in Lockheed Martin by 58.2% during the 2nd quarter. Proffitt & Goodson Inc. now owns 106 shares of the aerospace company’s stock worth $39,000 after buying an additional 39 shares in the last quarter. Lenox Wealth Advisors LLC lifted its position in Lockheed Martin by 140.5% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 101 shares of the aerospace company’s stock worth $39,000 after buying an additional 59 shares in the last quarter. Bay Harbor Wealth Management LLC lifted its position in Lockheed Martin by 56.2% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 114 shares of the aerospace company’s stock worth $42,000 after buying an additional 41 shares in the last quarter. Finally, Hoover Financial Advisors Inc. bought a new stake in Lockheed Martin during the 2nd quarter worth about $45,000. 77.56% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on LMT. Bank of America boosted their price target on shares of Lockheed Martin from $400.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. ValuEngine cut shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Wednesday, October 21st. Credit Suisse Group cut their price target on shares of Lockheed Martin from $433.00 to $400.00 and set a “hold” rating on the stock in a research report on Friday, July 17th. Morgan Stanley started coverage on shares of Lockheed Martin in a research note on Tuesday, September 8th. They set an “overweight” rating and a $509.00 price objective on the stock. Finally, Argus boosted their price objective on shares of Lockheed Martin from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $451.18.

LMT traded down $3.63 on Tuesday, reaching $364.92. The company had a trading volume of 45,932 shares, compared to its average volume of 1,489,456. Lockheed Martin Co. has a fifty-two week low of $266.11 and a fifty-two week high of $442.53. The stock has a market cap of $103.03 billion, a P/E ratio of 15.88, a P/E/G ratio of 2.26 and a beta of 0.95. The company’s fifty day moving average is $384.81 and its 200 day moving average is $380.60. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.08 and a current ratio of 1.31.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 20th. The aerospace company reported $6.25 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $16.14 billion. During the same quarter in the prior year, the business earned $5.66 EPS. Lockheed Martin’s quarterly revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts expect that Lockheed Martin Co. will post 24.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Tuesday, December 1st will be given a dividend of $2.60 per share. This represents a $10.40 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Monday, November 30th. This is a positive change from Lockheed Martin’s previous quarterly dividend of $2.40. Lockheed Martin’s dividend payout ratio is presently 43.74%.

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. 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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