Baldwin Brothers Inc. MA Reduces Holdings in Lockheed Martin Co. (NYSE:LMT)

Baldwin Brothers Inc. MA lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,972 shares of the aerospace company’s stock after selling 590 shares during the quarter. Baldwin Brothers Inc. MA’s holdings in Lockheed Martin were worth $6,889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in LMT. Bay Harbor Wealth Management LLC acquired a new stake in shares of Lockheed Martin during the first quarter worth approximately $25,000. Proffitt & Goodson Inc. grew its position in shares of Lockheed Martin by 58.2% during the second quarter. Proffitt & Goodson Inc. now owns 106 shares of the aerospace company’s stock worth $39,000 after buying an additional 39 shares in the last quarter. Lenox Wealth Advisors LLC grew its position in shares of Lockheed Martin by 140.5% during the third quarter. Lenox Wealth Advisors LLC now owns 101 shares of the aerospace company’s stock worth $39,000 after buying an additional 59 shares in the last quarter. Fred Alger Management LLC grew its position in shares of Lockheed Martin by 51.2% during the first quarter. Fred Alger Management LLC now owns 127 shares of the aerospace company’s stock worth $43,000 after buying an additional 43 shares in the last quarter. Finally, Hoover Financial Advisors Inc. acquired a new stake in shares of Lockheed Martin during the second quarter worth approximately $45,000. 77.56% of the stock is owned by institutional investors and hedge funds.

LMT stock traded up $0.38 during mid-day trading on Friday, reaching $386.50. The company had a trading volume of 952,117 shares, compared to its average volume of 1,490,552. The company has a quick ratio of 1.08, a current ratio of 1.31 and a debt-to-equity ratio of 3.22. The stock has a market capitalization of $108.04 billion, a P/E ratio of 16.94, a P/E/G ratio of 2.29 and a beta of 0.95. Lockheed Martin Co. has a one year low of $266.11 and a one year high of $442.53. The stock’s 50-day simple moving average is $387.58 and its two-hundred day simple moving average is $379.24.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $5.79 earnings per share for the quarter, beating analysts’ consensus estimates of $5.72 by $0.07. Lockheed Martin had a net margin of 10.25% and a return on equity of 182.05%. The business had revenue of $16.22 billion for the quarter, compared to analysts’ expectations of $15.19 billion. During the same period in the previous year, the business earned $5.00 earnings per share. The company’s revenue was up 12.4% on a year-over-year basis. On average, research analysts forecast that Lockheed Martin Co. will post 24.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Tuesday, December 1st will be paid a dividend of $2.60 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.40. This represents a $10.40 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Monday, November 30th. Lockheed Martin’s payout ratio is currently 43.74%.

A number of analysts have recently weighed in on LMT shares. Morgan Stanley started coverage on shares of Lockheed Martin in a research report on Tuesday, September 8th. They set an “overweight” rating and a $509.00 price target for the company. Goldman Sachs Group downgraded shares of Lockheed Martin from a “conviction-buy” rating to a “buy” rating in a report on Sunday, September 20th. Credit Suisse Group decreased their price objective on shares of Lockheed Martin from $433.00 to $400.00 and set a “hold” rating for the company in a report on Friday, July 17th. Royal Bank of Canada decreased their price objective on shares of Lockheed Martin from $410.00 to $404.00 in a report on Friday, July 17th. Finally, ValuEngine raised shares of Lockheed Martin from a “sell” rating to a “hold” rating in a report on Wednesday, August 26th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Lockheed Martin has a consensus rating of “Buy” and an average price target of $450.59.

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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