3,666 Lockheed Martin Corporation $LMT Shares Bought by Keybank National Association OH

Keybank National Association OH boosted its holdings in Lockheed Martin Corporation (NYSE:LMT) by 11.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 35,429 shares of the aerospace company’s stock after buying an additional 3,666 shares during the period. Keybank National Association OH’s holdings in Lockheed Martin were worth $18,042,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of LMT. Cornerstone Wealth Management LLC lifted its holdings in Lockheed Martin by 0.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 9,634 shares of the aerospace company’s stock worth $4,906,000 after purchasing an additional 41 shares in the last quarter. Triton Wealth Management PLLC grew its holdings in Lockheed Martin by 32.2% during the 3rd quarter. Triton Wealth Management PLLC now owns 1,490 shares of the aerospace company’s stock valued at $759,000 after buying an additional 363 shares in the last quarter. Csenge Advisory Group grew its holdings in Lockheed Martin by 2.0% during the 3rd quarter. Csenge Advisory Group now owns 8,083 shares of the aerospace company’s stock valued at $4,117,000 after buying an additional 156 shares in the last quarter. D.B. Root & Company LLC grew its holdings in Lockheed Martin by 8.5% during the 3rd quarter. D.B. Root & Company LLC now owns 1,858 shares of the aerospace company’s stock valued at $946,000 after buying an additional 146 shares in the last quarter. Finally, DMKC Advisory Services LLC raised its position in shares of Lockheed Martin by 3.1% during the third quarter. DMKC Advisory Services LLC now owns 6,755 shares of the aerospace company’s stock valued at $3,440,000 after buying an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Top Lockheed Martin Stories

These are some of the LMT stories that stood out recently:

• Positive Sentiment: Recent commentary points to a record $292 billion backlog, existing contracts and an F-35 framework that supports planning and investment. Those factors provide revenue visibility despite debate over next year’s defense budget. Lockheed Martin Stock (LMT) Looks Attractive Despite the Budget Debate
• Positive Sentiment: Coverage of Lockheed Martin’s October rally cites strong third-quarter results and longer-term F-35 and missile demand, along with long-term procurement agreements with the Department of Defense. This reinforces the favorable earnings and demand outlook, though it largely reflects previously reported news. Why Lockheed Martin Rallied in October
• Negative Sentiment: Uncertainty about next year’s Pentagon budget could weigh on investor expectations for future defense spending. The existing backlog and contracts may cushion this risk, but do not eliminate it. Lockheed Martin Stock Looks Attractive Despite the Budget Debate

Analyst Ratings Changes

Several equities analysts have recently commented on LMT shares. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. Sanford C. Bernstein cut their target price on shares of Lockheed Martin from $629.00 to $564.00 and set a “market perform” rating for the company in a research note on Wednesday, October 14th. Guggenheim initiated coverage on shares of Lockheed Martin in a research note on Wednesday, November 4th. They set a “buy” rating and a $735.00 target price for the company. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 17th. Finally, Bank of America reiterated a “neutral” rating and issued a $620.00 price target on shares of Lockheed Martin in a research note on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $647.00.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $608.94 on Thursday. The stock has a 50 day moving average of $550.90 and a 200 day moving average of $569.81. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00. The firm has a market cap of $140.67 billion, a PE ratio of 21.63, a PEG ratio of 1.28 and a beta of 0.07. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 2.04.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.52 by $0.45. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. The business had revenue of $20.71 billion for the quarter, compared to the consensus estimate of $20.48 billion. During the same quarter in the previous year, the company posted $6.95 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. On average, research analysts expect that Lockheed Martin Corporation will post 30.66 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be given a dividend of $3.60 per share. The ex-dividend date is Tuesday, December 1st. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s dividend payout ratio is currently 49.02%.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.