Bank of Montreal Can Buys 13,253 Shares of Lockheed Martin Co. (NYSE:LMT)

Bank of Montreal Can raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 656,807 shares of the aerospace company's stock after acquiring an additional 13,253 shares during the quarter. Bank of Montreal Can owned approximately 0.28% of Lockheed Martin worth $382,498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mattson Financial Services LLC purchased a new stake in shares of Lockheed Martin during the second quarter valued at approximately $27,000. Sachetta LLC increased its stake in shares of Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock worth $28,000 after buying an additional 20 shares during the last quarter. Wiser Advisor Group LLC boosted its holdings in Lockheed Martin by 65.8% in the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company's stock worth $29,000 after purchasing an additional 25 shares during the period. Stephens Consulting LLC boosted its holdings in Lockheed Martin by 48.9% in the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company's stock worth $31,000 after purchasing an additional 22 shares during the period. Finally, Burkett Financial Services LLC acquired a new position in Lockheed Martin in the third quarter worth $32,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 3.7 %

Shares of Lockheed Martin stock traded down $20.33 during trading on Monday, hitting $521.89. 3,606,065 shares of the company were exchanged, compared to its average volume of 1,076,959. The firm has a market capitalization of $123.71 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 4.43 and a beta of 0.49. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The firm's fifty day moving average price is $572.10 and its 200 day moving average price is $528.17. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analysts' expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.77 EPS. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, December 2nd. 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 2.53%. Lockheed Martin's payout ratio is presently 45.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LMT shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lockheed Martin from $600.00 to $620.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. StockNews.com downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. Melius Research raised shares of Lockheed Martin to a "strong-buy" rating in a report on Tuesday, September 3rd. Finally, Citigroup upped their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $611.00.

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.