Lockheed Martin Co. (NYSE:LMT) Shares Sold by Catalytic Wealth RIA LLC

Catalytic Wealth RIA LLC reduced its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 998 shares of the aerospace company’s stock after selling 109 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in Lockheed Martin were worth $583,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in LMT. Russell Investments Group Ltd. boosted its position in shares of Lockheed Martin by 10.1% in the 1st quarter. Russell Investments Group Ltd. now owns 54,030 shares of the aerospace company’s stock valued at $24,577,000 after purchasing an additional 4,976 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Lockheed Martin in the 1st quarter valued at about $30,000. Entropy Technologies LP boosted its position in shares of Lockheed Martin by 213.6% in the 1st quarter. Entropy Technologies LP now owns 10,570 shares of the aerospace company’s stock valued at $4,808,000 after purchasing an additional 7,199 shares during the period. William Allan Corp boosted its position in shares of Lockheed Martin by 8.4% in the 1st quarter. William Allan Corp now owns 3,719 shares of the aerospace company’s stock valued at $1,691,000 after purchasing an additional 288 shares during the period. Finally, Koshinski Asset Management Inc. raised its stake in Lockheed Martin by 25.7% during the 1st quarter. Koshinski Asset Management Inc. now owns 5,473 shares of the aerospace company’s stock valued at $2,489,000 after acquiring an additional 1,118 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

LMT opened at $570.58 on Tuesday. The stock’s 50 day simple moving average is $578.06 and its 200 day simple moving average is $522.08. The stock has a market cap of $135.25 billion, a P/E ratio of 20.66, a P/E/G ratio of 4.62 and a beta of 0.49. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.77 EPS. As a group, equities analysts anticipate 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 2.31%. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

Several analysts have commented on the company. TD Cowen upped their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Bank of America reaffirmed a “buy” rating and set a $635.00 price objective on shares of Lockheed Martin in a research note on Friday, August 30th. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, Barclays increased their target price on Lockheed Martin from $505.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $611.00.

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.