McAdam LLC Acquires Shares of 549 Lockheed Martin Co. (NYSE:LMT)

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McAdam LLC acquired a new stake in Lockheed Martin Co. (NYSE:LMT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 549 shares of the aerospace company’s stock, valued at approximately $214,000.

Other hedge funds have also added to or reduced their stakes in the company. CSat Investment Advisory L.P. raised its holdings in Lockheed Martin by 2,992.9% in the 2nd quarter. CSat Investment Advisory L.P. now owns 433 shares of the aerospace company’s stock valued at $158,000 after acquiring an additional 419 shares during the last quarter. Haverford Trust Co. increased its holdings in shares of Lockheed Martin by 6.4% during the 2nd quarter. Haverford Trust Co. now owns 33,538 shares of the aerospace company’s stock worth $12,192,000 after buying an additional 2,011 shares during the last quarter. Lucia Wealth Services LLC increased its holdings in shares of Lockheed Martin by 78.5% during the 2nd quarter. Lucia Wealth Services LLC now owns 191 shares of the aerospace company’s stock worth $69,000 after buying an additional 84 shares during the last quarter. Carroll Financial Associates Inc. increased its holdings in shares of Lockheed Martin by 44.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 1,252 shares of the aerospace company’s stock worth $455,000 after buying an additional 386 shares during the last quarter. Finally, Cibc World Markets Corp increased its holdings in shares of Lockheed Martin by 67.1% during the 2nd quarter. Cibc World Markets Corp now owns 69,474 shares of the aerospace company’s stock worth $25,257,000 after buying an additional 27,901 shares during the last quarter. Institutional investors own 78.37% of the company’s stock.

Shares of NYSE:LMT traded up $0.30 during mid-day trading on Tuesday, reaching $382.91. 555,048 shares of the company were exchanged, compared to its average volume of 1,127,620. The company has a debt-to-equity ratio of 4.36, a current ratio of 1.20 and a quick ratio of 0.96. The firm has a market cap of $107.73 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 2.53 and a beta of 0.96. The firm’s 50-day simple moving average is $385.59 and its 200 day simple moving average is $356.02. Lockheed Martin Co. has a 1 year low of $241.18 and a 1 year high of $399.96.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.74 by $0.26. The firm had revenue of $14.42 billion during the quarter, compared to analysts’ expectations of $14.17 billion. Lockheed Martin had a net margin of 10.18% and a return on equity of 297.37%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $4.31 EPS. On average, research analysts forecast that Lockheed Martin Co. will post 21.22 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be given a dividend of $2.40 per share. The ex-dividend date is Friday, November 29th. This represents a $9.60 dividend on an annualized basis and a dividend yield of 2.51%. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.20. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.30%.

A number of analysts have recently issued reports on the stock. DZ Bank restated a “hold” rating on shares of Lockheed Martin in a report on Thursday, July 25th. Barclays restated a “hold” rating and set a $410.00 price target on shares of Lockheed Martin in a report on Wednesday, October 9th. UBS Group raised their price target on shares of Lockheed Martin from $385.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. raised their price target on shares of Lockheed Martin from $360.00 to $395.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley raised their price target on shares of Lockheed Martin from $376.00 to $381.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $372.64.

In related news, SVP Maryanne Lavan sold 1,003 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $365.50, for a total transaction of $366,596.50. Following the completion of the transaction, the senior vice president now owns 1,478 shares of the company’s stock, valued at approximately $540,209. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Marillyn A. Hewson sold 19,500 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $369.14, for a total transaction of $7,198,230.00. Following the transaction, the chairman now directly owns 46,534 shares of the company’s stock, valued at approximately $17,177,560.76. The disclosure for this sale can be found here. Insiders have sold a total of 22,503 shares of company stock valued at $8,292,527 in the last ninety days. 0.35% of the stock is currently owned by corporate insiders.

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 (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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