Lockheed Martin Co. (NYSE:LMT) Shares Bought by Bank of Hawaii

Bank of Hawaii raised its position in Lockheed Martin Co. (NYSE:LMT) by 8.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 492 shares of the aerospace company’s stock after buying an additional 37 shares during the quarter. Bank of Hawaii’s holdings in Lockheed Martin were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of LMT. Douglass Winthrop Advisors LLC boosted its stake in Lockheed Martin by 4.4% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,789 shares of the aerospace company’s stock worth $1,046,000 after purchasing an additional 76 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Lockheed Martin by 0.9% in the third quarter. Fisher Asset Management LLC now owns 6,742 shares of the aerospace company’s stock valued at $3,941,000 after buying an additional 61 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Lockheed Martin by 11.9% during the third quarter. Daiwa Securities Group Inc. now owns 26,326 shares of the aerospace company’s stock worth $15,389,000 after buying an additional 2,799 shares during the period. Marco Investment Management LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at about $238,000. Finally, Hartford Funds Management Co LLC raised its stake in Lockheed Martin by 1.7% during the 3rd quarter. Hartford Funds Management Co LLC now owns 1,645 shares of the aerospace company’s stock valued at $961,000 after acquiring an additional 27 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 23rd. Robert W. Baird lifted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Barclays upped their price objective on shares of Lockheed Martin from $505.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Citigroup lifted their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Melius Research upgraded shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $611.00.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $521.89 on Tuesday. The firm has a market capitalization of $123.71 billion, a PE ratio of 18.90, a P/E/G ratio of 4.43 and a beta of 0.49. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The firm’s 50-day simple moving average is $572.10 and its 200 day simple moving average is $528.17. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the prior year, the firm earned $6.77 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities research analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Monday, December 2nd. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio is 45.62%.

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.