Qsemble Capital Management LP Acquires 2,956 Shares of Lockheed Martin Co. (NYSE:LMT)

Qsemble Capital Management LP grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 64.8% during the third quarter, HoldingsChannel.com reports. The firm owned 7,515 shares of the aerospace company’s stock after acquiring an additional 2,956 shares during the quarter. Lockheed Martin makes up about 0.8% of Qsemble Capital Management LP’s holdings, making the stock its 28th biggest holding. Qsemble Capital Management LP’s holdings in Lockheed Martin were worth $4,393,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LMT. Mount Yale Investment Advisors LLC grew its stake in Lockheed Martin by 15.1% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,636 shares of the aerospace company’s stock worth $744,000 after acquiring an additional 215 shares in the last quarter. Waverly Advisors LLC lifted its holdings in shares of Lockheed Martin by 168.3% in the 1st quarter. Waverly Advisors LLC now owns 3,839 shares of the aerospace company’s stock worth $1,747,000 after buying an additional 2,408 shares during the period. Industrial Alliance Investment Management Inc. grew its position in shares of Lockheed Martin by 3.3% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 940 shares of the aerospace company’s stock worth $428,000 after buying an additional 30 shares in the last quarter. Whalerock Point Partners LLC lifted its stake in Lockheed Martin by 13.7% in the first quarter. Whalerock Point Partners LLC now owns 8,486 shares of the aerospace company’s stock worth $3,860,000 after acquiring an additional 1,022 shares during the period. Finally, Oxford Wealth Group LLC bought a new stake in Lockheed Martin during the 1st quarter valued at $943,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LMT. JPMorgan Chase & Co. raised their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Robert W. Baird upped their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barclays boosted their price target on Lockheed Martin from $505.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Finally, StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average price target of $611.00.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded down $13.49 during trading hours on Monday, reaching $528.73. The stock had a trading volume of 340,173 shares, compared to its average volume of 1,062,635. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $125.33 billion, a PE ratio of 19.63, a PEG ratio of 4.43 and a beta of 0.49. The stock’s 50 day moving average is $573.12 and its 200 day moving average is $527.79.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate 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 prior year, the business posted $6.77 earnings per share. Equities analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.50%. 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. Lockheed Martin’s payout ratio is presently 45.62%.

About Lockheed Martin

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.