Leavell Investment Management Inc. Has $13.14 Million Position in Lockheed Martin Co. (NYSE:LMT)

Leavell Investment Management Inc. raised its stake in Lockheed Martin Co. (NYSE:LMT) by 1.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 22,475 shares of the aerospace company’s stock after acquiring an additional 238 shares during the period. Leavell Investment Management Inc.’s holdings in Lockheed Martin were worth $13,138,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Burkett Financial Services LLC acquired a new stake in Lockheed Martin during the 3rd quarter valued at approximately $32,000. Mattson Financial Services LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at $27,000. Sachetta LLC increased its position in shares of Lockheed Martin by 50.0% during the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after buying an additional 20 shares during the period. Wiser Advisor Group LLC raised its stake in Lockheed Martin by 65.8% during the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after buying an additional 25 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in Lockheed Martin in the first quarter valued at $30,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

Lockheed Martin stock traded up $11.70 during trading on Friday, hitting $563.54. The stock had a trading volume of 398,695 shares, compared to its average volume of 1,051,417. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The stock’s 50 day moving average is $578.42 and its two-hundred day moving average is $520.28. The stock has a market cap of $133.58 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 4.44 and a beta of 0.49.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same quarter last year, the business earned $6.77 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently disclosed 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 represents a $13.20 dividend on an annualized basis and a yield of 2.34%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s payout ratio is currently 45.62%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LMT. Susquehanna decreased their price target on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a report on Wednesday, October 23rd. Bank of America reaffirmed a “buy” rating and set a $635.00 target price on shares of Lockheed Martin in a research note on Friday, August 30th. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 23rd. Citigroup lifted their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Barclays increased their target price on shares of 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.