Olympiad Research LP Has $405,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Olympiad Research LP trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 30.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 693 shares of the aerospace company’s stock after selling 307 shares during the period. Olympiad Research LP’s holdings in Lockheed Martin were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Montecito Bank & Trust increased its holdings in Lockheed Martin by 7.7% during the third quarter. Montecito Bank & Trust now owns 629 shares of the aerospace company’s stock worth $368,000 after buying an additional 45 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Lockheed Martin by 4.0% during the third quarter. Principal Financial Group Inc. now owns 270,879 shares of the aerospace company’s stock worth $158,345,000 after buying an additional 10,358 shares during the last quarter. Woodmont Investment Counsel LLC increased its holdings in Lockheed Martin by 1.5% during the third quarter. Woodmont Investment Counsel LLC now owns 22,506 shares of the aerospace company’s stock worth $13,156,000 after buying an additional 328 shares during the last quarter. Hanseatic Management Services Inc. acquired a new position in Lockheed Martin during the third quarter worth $238,000. Finally, Advisor Resource Council acquired a new position in Lockheed Martin during the third quarter worth $305,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.0 %

LMT opened at $551.98 on Friday. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a 50-day simple moving average of $578.42 and a 200 day simple moving average of $520.28. 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 has a market capitalization of $130.84 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 4.44 and a beta of 0.49.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter in the prior year, the business posted $6.77 earnings per share. Lockheed Martin’s revenue was up 1.3% compared to the same quarter last year. Analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be given a dividend of $3.30 per share. This is a boost 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 annualized dividend and a yield of 2.39%. Lockheed Martin’s dividend payout ratio is currently 45.62%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Melius Research upgraded shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. Bank of America reiterated a “buy” rating and issued a $635.00 price objective on shares of Lockheed Martin in a report on Friday, August 30th. Royal Bank of Canada decreased 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. Citigroup upped their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.