Willner & Heller LLC Has $668,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Willner & Heller LLC lowered its position in Lockheed Martin Co. (NYSE:LMT) by 3.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,143 shares of the aerospace company’s stock after selling 45 shares during the period. Willner & Heller LLC’s holdings in Lockheed Martin were worth $668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Able Wealth Management LLC acquired a new stake in Lockheed Martin in the 4th quarter worth approximately $45,000. Garde Capital Inc. acquired a new stake in shares of Lockheed Martin in the fourth quarter worth $101,000. Sierra Summit Advisors LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter worth $291,000. Chicago Partners Investment Group LLC grew its stake in Lockheed Martin by 1.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 1,626 shares of the aerospace company’s stock valued at $702,000 after buying an additional 27 shares during the last quarter. Finally, Syon Capital LLC grew its stake in Lockheed Martin by 33.3% in the 4th quarter. Syon Capital LLC now owns 2,394 shares of the aerospace company’s stock valued at $1,085,000 after buying an additional 598 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling

In related news, insider Timothy S. Cahill sold 3,975 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the sale, the insider now directly owns 8,877 shares in the company, valued at $4,574,850.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Price Performance

NYSE:LMT traded up $6.68 during mid-day trading on Friday, hitting $604.17. The company’s stock had a trading volume of 526,025 shares, compared to its average volume of 1,056,277. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. The stock has a fifty day moving average of $572.03 and a 200-day moving average of $505.23. The company has a market capitalization of $144.96 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 4.84 and a beta of 0.47. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $611.59.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. The business had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. Lockheed Martin’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.73 EPS. As a group, equities analysts forecast that Lockheed Martin Co. will post 26.68 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be issued a $3.30 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.18%. Lockheed Martin’s dividend payout ratio is presently 48.30%.

Analysts Set New Price Targets

A number of research firms have issued reports on LMT. Bank of America restated a “buy” rating and set a $635.00 price target on shares of Lockheed Martin in a report on Friday, August 30th. Citigroup increased their target price on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday. Melius raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price target on the stock in a research report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company boosted their target price on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus price target of $581.77.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.