UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $275.72 Million Stake in Lockheed Martin Co. (NYSE:LMT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 5.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 471,675 shares of the aerospace company’s stock after selling 29,292 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Lockheed Martin were worth $275,722,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Public Sector Pension Investment Board raised its position in shares of Lockheed Martin by 1,031.0% in the third quarter. Public Sector Pension Investment Board now owns 88,747 shares of the aerospace company’s stock valued at $51,878,000 after buying an additional 80,900 shares in the last quarter. Fiduciary Trust Co increased its stake in Lockheed Martin by 2.0% during the 3rd quarter. Fiduciary Trust Co now owns 11,781 shares of the aerospace company’s stock worth $6,887,000 after acquiring an additional 229 shares during the period. National Wealth Management Group LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at $369,000. CreativeOne Wealth LLC grew its holdings in shares of Lockheed Martin by 18.9% during the 3rd quarter. CreativeOne Wealth LLC now owns 10,184 shares of the aerospace company’s stock worth $5,953,000 after purchasing an additional 1,620 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Lockheed Martin in the third quarter worth $29,813,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.7 %

Shares of LMT opened at $529.41 on Friday. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The business has a 50-day moving average of $568.75 and a 200 day moving average of $528.91. The firm has a market cap of $125.49 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 4.29 and a beta of 0.49. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $6.77 earnings per share. As a group, research analysts forecast that Lockheed Martin Co. will post 26.94 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.49%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio is currently 45.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Melius raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 target price on the stock in a report on Tuesday, September 3rd. Robert W. Baird lifted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Susquehanna cut their target price on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research note on Wednesday, October 23rd. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada lowered their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus price target 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.