Insigneo Advisory Services LLC Sells 96 Shares of Lockheed Martin Co. (NYSE:LMT)

Insigneo Advisory Services LLC decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 2.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,854 shares of the aerospace company’s stock after selling 96 shares during the period. Insigneo Advisory Services LLC’s holdings in Lockheed Martin were worth $2,253,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LMT. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin during the third quarter worth approximately $26,000. Mattson Financial Services LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter worth $27,000. Sachetta LLC grew its stake in Lockheed Martin by 50.0% in the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after buying an additional 20 shares during the last quarter. Stephens Consulting LLC raised its holdings in Lockheed Martin by 48.9% in the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 22 shares during the period. Finally, Burkett Financial Services LLC acquired a new position in Lockheed Martin during the 3rd quarter worth $32,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.9 %

Shares of LMT opened at $513.04 on Friday. 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 company has a 50-day moving average price of $563.89 and a two-hundred day moving average price of $530.36. The stock has a market cap of $121.61 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 4.22 and a beta of 0.46. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month 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, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter last year, the company earned $6.77 EPS. Lockheed Martin’s revenue was up 1.3% on a year-over-year basis. Equities analysts predict that Lockheed Martin Co. will post 26.94 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be issued a dividend of $3.30 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a yield of 2.57%. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s dividend payout ratio (DPR) is currently 47.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LMT shares. Deutsche Bank Aktiengesellschaft raised their price target on Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Friday. UBS Group upped their price target on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Morgan Stanley raised their price objective on shares of Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, Barclays upped their target price on shares of Lockheed Martin from $505.00 to $565.00 and gave the company 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 given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and a consensus price target 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.