Allied Investment Advisors LLC Has $10.89 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

Allied Investment Advisors LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 0.5% during the third quarter, Holdings Channel.com reports. The firm owned 18,626 shares of the aerospace company’s stock after acquiring an additional 91 shares during the quarter. Lockheed Martin makes up 2.2% of Allied Investment Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. Allied Investment Advisors LLC’s holdings in Lockheed Martin were worth $10,888,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Exencial Wealth Advisors LLC increased its holdings in shares of Lockheed Martin by 7.4% during the fourth quarter. Exencial Wealth Advisors LLC now owns 4,825 shares of the aerospace company’s stock valued at $2,187,000 after acquiring an additional 332 shares in the last quarter. AdvisorShares Investments LLC bought a new stake in Lockheed Martin during the 4th quarter valued at $426,000. Waterloo Capital L.P. acquired a new position in Lockheed Martin during the fourth quarter worth $593,000. Westwood Holdings Group Inc. lifted its stake in shares of Lockheed Martin by 57.5% in the fourth quarter. Westwood Holdings Group Inc. now owns 22,067 shares of the aerospace company’s stock valued at $10,002,000 after buying an additional 8,053 shares in the last quarter. Finally, Vantage Financial Partners Ltd. Inc. grew its holdings in shares of Lockheed Martin by 12.4% during the fourth quarter. Vantage Financial Partners Ltd. Inc. now owns 1,000 shares of the aerospace company’s stock valued at $453,000 after buying an additional 110 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total value of $2,048,556.00. Following the completion of the sale, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Performance

NYSE LMT traded down $0.69 during trading hours on Friday, hitting $605.13. The company’s stock had a trading volume of 560,051 shares, compared to its average volume of 1,065,046. The company has a market cap of $145.19 billion, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 4.66 and a beta of 0.47. The company’s 50 day simple moving average is $565.71 and its two-hundred day simple moving average is $499.21. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $611.49. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. The company had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $6.73 earnings per share. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.65 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. Shareholders of record on Monday, December 2nd will be given a $3.30 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s dividend payout ratio is presently 46.10%.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent research reports. UBS Group boosted their price objective on Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. Bank of America reaffirmed a “buy” rating and set a $635.00 price objective on shares of Lockheed Martin in a report on Friday, August 30th. Finally, Morgan Stanley increased their target price on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $562.54.

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.