Edgestream Partners L.P. lessened its stake in Lockheed Martin Co. (NYSE:LMT) by 18.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,994 shares of the aerospace company’s stock after selling 461 shares during the period. Edgestream Partners L.P.’s holdings in Lockheed Martin were worth $690,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Lockheed Martin by 0.7% in the second quarter. BlackRock Inc. now owns 17,248,707 shares of the aerospace company’s stock worth $5,095,787,000 after purchasing an additional 117,082 shares during the last quarter. Morgan Stanley raised its stake in shares of Lockheed Martin by 4.4% in the second quarter. Morgan Stanley now owns 3,481,336 shares of the aerospace company’s stock worth $1,028,490,000 after purchasing an additional 147,745 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Lockheed Martin by 13.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,552,936 shares of the aerospace company’s stock worth $754,213,000 after purchasing an additional 292,851 shares during the last quarter. FMR LLC grew its holdings in shares of Lockheed Martin by 1.4% in the second quarter. FMR LLC now owns 2,337,478 shares of the aerospace company’s stock valued at $690,562,000 after acquiring an additional 32,879 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Lockheed Martin by 2.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,598,709 shares of the aerospace company’s stock valued at $472,307,000 after acquiring an additional 42,089 shares in the last quarter. 77.63% of the stock is currently owned by institutional investors.

NYSE LMT traded down $0.95 during trading hours on Friday, reaching $285.40. 1,406,653 shares of the stock traded hands, compared to its average volume of 1,463,345. Lockheed Martin Co. has a 1 year low of $277.20 and a 1 year high of $363.00. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 13.46. The company has a market capitalization of $81.45 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.70 and a beta of 0.88.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 23rd. The aerospace company reported $5.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.31 by $0.83. Lockheed Martin had a return on equity of 2,680.55% and a net margin of 5.78%. The business had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same quarter last year, the business posted $3.24 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, equities analysts expect that Lockheed Martin Co. will post 17.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Monday, December 3rd will be paid a dividend of $2.20 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.00. This represents a $8.80 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, November 30th. Lockheed Martin’s dividend payout ratio (DPR) is 66.02%.

Lockheed Martin announced that its board has authorized a stock buyback plan on Thursday, September 27th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the aerospace company to repurchase up to 1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

LMT has been the subject of several research reports. Zacks Investment Research lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, August 17th. Morgan Stanley set a $386.00 price objective on Lockheed Martin and gave the company a “buy” rating in a report on Thursday, October 11th. Barclays reduced their price objective on Lockheed Martin from $369.00 to $325.00 and set an “equal weight” rating for the company in a report on Tuesday. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $395.00 to $370.00 and set a “neutral” rating for the company in a report on Wednesday, October 24th. Finally, Credit Suisse Group reduced their price objective on Lockheed Martin from $368.00 to $357.00 and set a “neutral” rating for the company in a report on Wednesday, October 24th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $373.13.

In other news, VP Bruce L. Tanner sold 11,203 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $308.49, for a total transaction of $3,456,013.47. Following the transaction, the vice president now directly owns 79,770 shares of the company’s stock, valued at $24,608,247.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is currently owned by company insiders.

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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 (MFC), Rotary and Mission Systems (RMS), and Space.

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

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