Accredited Investors Inc. Sells 66 Shares of Lockheed Martin Co. (NYSE:LMT)

Accredited Investors Inc. lowered its stake in Lockheed Martin Co. (NYSE:LMT) by 14.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 395 shares of the aerospace company’s stock after selling 66 shares during the quarter. Accredited Investors Inc.’s holdings in Lockheed Martin were worth $231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Covestor Ltd raised its stake in Lockheed Martin by 11.2% during the first quarter. Covestor Ltd now owns 447 shares of the aerospace company’s stock valued at $203,000 after purchasing an additional 45 shares in the last quarter. PYA Waltman Capital LLC lifted its holdings in shares of Lockheed Martin by 14.3% in the 1st quarter. PYA Waltman Capital LLC now owns 3,729 shares of the aerospace company’s stock valued at $1,696,000 after acquiring an additional 467 shares during the last quarter. Lake Street Advisors Group LLC grew its position in Lockheed Martin by 425.0% in the first quarter. Lake Street Advisors Group LLC now owns 6,715 shares of the aerospace company’s stock worth $3,055,000 after acquiring an additional 5,436 shares in the last quarter. RB Capital Management LLC increased its stake in Lockheed Martin by 5.0% during the first quarter. RB Capital Management LLC now owns 4,172 shares of the aerospace company’s stock worth $1,898,000 after acquiring an additional 197 shares during the last quarter. Finally, National Bank of Canada FI raised its position in Lockheed Martin by 219.3% during the first quarter. National Bank of Canada FI now owns 318,107 shares of the aerospace company’s stock valued at $149,138,000 after purchasing an additional 218,466 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on LMT. UBS Group boosted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. TD Cowen upped their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird lifted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, Susquehanna lowered their price objective on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $611.00.

Lockheed Martin Price Performance

Shares of LMT stock opened at $534.83 on Monday. The company has a market cap of $126.77 billion, a P/E ratio of 19.36, a PEG ratio of 4.37 and a beta of 0.49. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The stock’s 50-day moving average is $576.52 and its 200 day moving average is $525.23. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95.

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

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a yield of 2.47%. Lockheed Martin’s dividend payout ratio (DPR) is 47.79%.

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.