James Hambro & Partners LLP Purchases Shares of 350 Lockheed Martin Co. (NYSE:LMT)

James Hambro & Partners LLP purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 350 shares of the aerospace company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LMT. Stokes Family Office LLC bought a new stake in Lockheed Martin during the 1st quarter valued at $425,000. Alaska Permanent Fund Corp bought a new stake in shares of Lockheed Martin in the 1st quarter worth $217,000. Gulf International Bank UK Ltd grew its stake in shares of Lockheed Martin by 6.5% in the 1st quarter. Gulf International Bank UK Ltd now owns 1,439 shares of the aerospace company’s stock worth $654,000 after acquiring an additional 88 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Lockheed Martin by 7.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 832 shares of the aerospace company’s stock worth $378,000 after acquiring an additional 55 shares in the last quarter. Finally, Strategic Planning Group LLC grew its stake in shares of Lockheed Martin by 22.4% in the 1st quarter. Strategic Planning Group LLC now owns 5,629 shares of the aerospace company’s stock worth $2,561,000 after acquiring an additional 1,031 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.4 %

Shares of NYSE:LMT traded up $2.54 during trading on Monday, reaching $614.35. 330,309 shares of the company traded hands, compared to its average volume of 1,043,644. The business’s fifty day moving average is $578.29 and its 200-day moving average is $511.11. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The firm has a market capitalization of $147.41 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 4.84 and a beta of 0.47. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company had revenue of $18.12 billion during the quarter, compared to analyst estimates of $17.05 billion. During the same quarter last year, the firm posted $6.73 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. As a group, analysts forecast that Lockheed Martin Co. will post 26.68 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be paid a $3.30 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.15%. Lockheed Martin’s dividend payout ratio (DPR) is presently 48.30%.

Analyst Ratings Changes

Several analysts have recently issued reports on LMT shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Morgan Stanley upped their price objective on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Wells Fargo & Company upped their price objective on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Susquehanna upped their price target on Lockheed Martin from $565.00 to $705.00 and gave the company a “positive” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $597.92.

Insider Buying and Selling

In related news, insider Timothy S. Cahill sold 3,975 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total value of $2,048,556.00. Following the completion of the sale, the insider now owns 8,877 shares of the company’s stock, valued at $4,574,850.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is currently owned by insiders.

Lockheed Martin 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.