Qsemble Capital Management LP boosted its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 64.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,515 shares of the aerospace company's stock after acquiring an additional 2,956 shares during the quarter. Lockheed Martin accounts for approximately 0.8% of Qsemble Capital Management LP's holdings, making the stock its 28th largest position. Qsemble Capital Management LP's holdings in Lockheed Martin were worth $4,393,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. CVA Family Office LLC increased its holdings in Lockheed Martin by 1.1% in the 3rd quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company's stock worth $905,000 after buying an additional 17 shares in the last quarter. AllGen Financial Advisors Inc. raised its holdings in shares of Lockheed Martin by 4.0% during the third quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company's stock valued at $274,000 after purchasing an additional 18 shares during the last quarter. Salomon & Ludwin LLC boosted its holdings in Lockheed Martin by 20.5% in the third quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company's stock worth $62,000 after purchasing an additional 18 shares during the last quarter. Sunburst Financial Group LLC grew its position in Lockheed Martin by 3.3% in the 3rd quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company's stock worth $331,000 after purchasing an additional 18 shares during the period. Finally, Quad Cities Investment Group LLC raised its stake in Lockheed Martin by 1.2% during the 3rd quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company's stock valued at $919,000 after buying an additional 19 shares during the last quarter. Institutional investors own 74.19% of the company's stock.
Shares of LMT traded down $13.49 during midday trading on Monday, hitting $528.73. 340,173 shares of the company traded hands, compared to its average volume of 1,062,635. The stock has a market cap of $125.33 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 4.43 and a beta of 0.49. The firm has a 50 day moving average of $573.12 and a 200-day moving average of $527.79. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95.
Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion during 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%. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $6.77 EPS. On average, analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.50%. This is a boost from Lockheed Martin's previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. Lockheed Martin's dividend payout ratio is currently 45.62%.
Several brokerages recently commented on LMT. JPMorgan Chase & Co. lifted their price objective on Lockheed Martin from $560.00 to $630.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. Robert W. Baird boosted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Melius upgraded shares of 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. Finally, TD Cowen boosted their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. One equities 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 issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $611.00.
Get Our Latest Research Report on LMT
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.
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