Epoch Investment Partners Inc. Sells 46,199 Shares of Lockheed Martin Co. (NYSE:LMT)

Epoch Investment Partners Inc. reduced its position in Lockheed Martin Co. (NYSE:LMT) by 16.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 239,197 shares of the aerospace company’s stock after selling 46,199 shares during the quarter. Epoch Investment Partners Inc. owned about 0.09% of Lockheed Martin worth $90,500,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. K.J. Harrison & Partners Inc boosted its stake in shares of Lockheed Martin by 1.0% in the 1st quarter. K.J. Harrison & Partners Inc now owns 2,780 shares of the aerospace company’s stock valued at $1,027,000 after purchasing an additional 27 shares in the last quarter. Marotta Asset Management boosted its stake in shares of Lockheed Martin by 3.6% in the 2nd quarter. Marotta Asset Management now owns 777 shares of the aerospace company’s stock valued at $295,000 after purchasing an additional 27 shares in the last quarter. Kovack Advisors Inc. boosted its stake in shares of Lockheed Martin by 0.6% in the 2nd quarter. Kovack Advisors Inc. now owns 4,905 shares of the aerospace company’s stock valued at $1,856,000 after purchasing an additional 27 shares in the last quarter. Budros Ruhlin & Roe Inc. boosted its stake in shares of Lockheed Martin by 0.6% in the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 5,045 shares of the aerospace company’s stock valued at $1,909,000 after purchasing an additional 29 shares in the last quarter. Finally, Lehman & Derafelo Financial Resources LLC boosted its stake in shares of Lockheed Martin by 4.2% in the 1st quarter. Lehman & Derafelo Financial Resources LLC now owns 749 shares of the aerospace company’s stock valued at $277,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 74.51% of the company’s stock.

Shares of NYSE:LMT traded up $0.52 during mid-day trading on Thursday, hitting $362.28. The company had a trading volume of 14,051 shares, compared to its average volume of 1,450,672. The firm has a fifty day moving average price of $353.25 and a 200 day moving average price of $371.76. The company has a market capitalization of $100.32 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 3.23 and a beta of 0.98. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.36 and a quick ratio of 1.15. Lockheed Martin Co. has a one year low of $319.81 and a one year high of $396.99.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Sunday, July 25th. The aerospace company reported $6.52 EPS for the quarter, missing the Zacks’ consensus estimate of $6.53 by ($0.01). The business had revenue of $17.03 billion for the quarter, compared to the consensus estimate of $16.93 billion. Lockheed Martin had a net margin of 10.69% and a return on equity of 123.35%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $5.79 EPS. Research analysts expect that Lockheed Martin Co. will post 23.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 27th. Shareholders of record on Wednesday, December 1st will be issued a dividend of $2.80 per share. This represents a $11.20 dividend on an annualized basis and a yield of 3.09%. This is an increase from Lockheed Martin’s previous quarterly dividend of $2.60. The ex-dividend date is Tuesday, November 30th. Lockheed Martin’s payout ratio is currently 41.87%.

Lockheed Martin declared that its Board of Directors has authorized a share buyback program on Thursday, September 23rd that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the aerospace company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

LMT has been the topic of several recent research reports. The Goldman Sachs Group downgraded shares of Lockheed Martin from a “buy” rating to a “neutral” rating and set a $402.00 target price on the stock. in a research report on Thursday, September 23rd. Credit Suisse Group reiterated a “neutral” rating and set a $370.20 target price (down from $394.00) on shares of Lockheed Martin in a research report on Tuesday, July 27th. Jefferies Financial Group reiterated a “neutral” rating on shares of Lockheed Martin in a research report on Friday, September 10th. Cowen downgraded shares of Lockheed Martin from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $400.00 to $375.00 in a research report on Wednesday, September 29th. Finally, Wells Fargo & Company lifted their target price on shares of Lockheed Martin from $384.00 to $385.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 27th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $396.03.

Lockheed Martin Company Profile

Lockheed Martin Corp. operates as a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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