McAdam LLC elevated its holdings in Lockheed Martin Co. (NYSE:LMT – Free Report) by 101.7% within the third quarter, Holdings Channel stories. The fund owned 1,178 shares of the aerospace firm’s inventory after buying an extra 594 shares throughout the interval. McAdam LLC’s holdings in Lockheed Martin have been value $689,000 as of its most up-to-date SEC submitting.
A number of different hedge funds have additionally just lately purchased and offered shares of LMT. Wulff Hansen & CO. elevated its place in Lockheed Martin by 56,626.7% within the 2nd quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace firm’s inventory value $476,947,000 after buying an extra 1,019,281 shares over the last quarter. Van ECK Associates Corp elevated its place in Lockheed Martin by 1,075.2% within the 1st quarter. Van ECK Associates Corp now owns 481,106 shares of the aerospace firm’s inventory value $218,841,000 after buying an extra 440,169 shares over the last quarter. Capital Analysis World Traders elevated its place in Lockheed Martin by 29.7% within the 1st quarter. Capital Analysis World Traders now owns 953,285 shares of the aerospace firm’s inventory value $433,621,000 after buying an extra 218,506 shares over the last quarter. Nationwide Financial institution of Canada FI elevated its place in Lockheed Martin by 219.3% within the 1st quarter. Nationwide Financial institution of Canada FI now owns 318,107 shares of the aerospace firm’s inventory value $149,138,000 after buying an extra 218,466 shares over the last quarter. Lastly, Authorized & Basic Group Plc elevated its place in Lockheed Martin by 14.9% within the 2nd quarter. Authorized & Basic Group Plc now owns 1,384,774 shares of the aerospace firm’s inventory value $646,828,000 after buying an extra 180,074 shares over the last quarter. 74.19% of the inventory is owned by hedge funds and different institutional traders.
Lockheed Martin Inventory Efficiency
LMT opened at $564.21 on Friday. The inventory’s 50 day transferring common value is $579.95 and its two-hundred day transferring common value is $513.50. The corporate has a fast ratio of 1.07, a present ratio of 1.24 and a debt-to-equity ratio of three.10. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month excessive of $618.95. The agency has a market capitalization of $135.38 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 4.84 and a beta of 0.47.
Lockheed Martin (NYSE:LMT – Get Free Report) final introduced its quarterly earnings knowledge on Tuesday, October twenty second. The aerospace firm reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on fairness of 95.03% and a web margin of 9.48%. The corporate had income of $17.10 billion throughout the quarter, in comparison with the consensus estimate of $17.38 billion. Throughout the identical quarter final yr, the corporate earned $6.77 EPS. The corporate’s quarterly income was up 1.3% on a year-over-year foundation. On common, equities analysts forecast that Lockheed Martin Co. will put up 26.68 earnings per share for the present yr.
Lockheed Martin Will increase Dividend
The corporate additionally just lately disclosed a quarterly dividend, which shall be paid on Friday, December twenty seventh. Shareholders of file on Monday, December 2nd shall be given a $3.30 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 dividend on an annualized foundation and a dividend yield of two.34%. This is a rise from Lockheed Martin’s earlier quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is at the moment 48.30%.
Analyst Upgrades and Downgrades
A lot of analysis analysts have just lately commented on the corporate. StockNews.com lowered Lockheed Martin from a “strong-buy” ranking to a “purchase” ranking in a report on Wednesday. TD Cowen elevated their value goal on Lockheed Martin from $560.00 to $610.00 and gave the corporate a “purchase” ranking in a report on Wednesday. Melius Analysis raised Lockheed Martin to a “strong-buy” ranking in a report on Tuesday, September third. Financial institution of America reissued a “purchase” ranking and set a $635.00 value goal on shares of Lockheed Martin in a report on Friday, August thirtieth. Lastly, JPMorgan Chase & Co. elevated their value goal on Lockheed Martin from $560.00 to $630.00 and gave the corporate an “chubby” ranking in a report on Monday, October 14th. One equities analysis analyst has rated the inventory with a promote ranking, 4 have given a maintain ranking, 9 have issued a purchase ranking and one has given a powerful purchase ranking to the corporate’s inventory. In keeping with knowledge from MarketBeat, the inventory presently has a mean ranking of “Average Purchase” and a consensus value goal of $606.71.
Learn Our Newest Analysis Report on Lockheed Martin
Lockheed Martin Profile
Lockheed Martin Company, a safety and aerospace firm, engages within the analysis, design, improvement, manufacture, integration, and sustainment of expertise techniques, merchandise, and providers worldwide. The corporate operates by way of Aeronautics, Missiles and Hearth Management, Rotary and Mission Methods, and House segments.
See Additionally
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