Capital Planning Advisors LLC Trims Stock Position in Lockheed Martin Corporation $LMT

Capital Planning Advisors LLC lessened its stake in Lockheed Martin Corporation (NYSE:LMT) by 70.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,578 shares of the aerospace company’s stock after selling 3,830 shares during the period. Capital Planning Advisors LLC’s holdings in Lockheed Martin were worth $788,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 40 shares during the period. Grey Fox Wealth Advisors LLC purchased a new stake in Lockheed Martin during the third quarter worth $27,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Lockheed Martin during the second quarter valued at $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in Lockheed Martin in the second quarter valued at $29,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Lockheed Martin in the third quarter worth about $35,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $652.41 on Monday. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94. The business’s 50 day moving average price is $545.43 and its 200-day moving average price is $494.74. The firm has a market capitalization of $150.11 billion, a PE ratio of 30.36, a P/E/G ratio of 1.18 and a beta of 0.23. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $656.34.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the previous year, the business posted $7.67 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be given a dividend of $3.45 per share. The ex-dividend date is Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a yield of 2.1%. Lockheed Martin’s payout ratio is presently 64.22%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LMT shares. Royal Bank Of Canada raised their target price on Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. increased their price target on Lockheed Martin from $515.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. The Goldman Sachs Group boosted their price objective on Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a research report on Monday, February 2nd. UBS Group upped their target price on Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Finally, Susquehanna reissued a “positive” rating and issued a $660.00 price target on shares of Lockheed Martin in a research note on Thursday, January 15th. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $612.50.

Lockheed Martin Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.