McClarren Financial Advisors Inc. Has $382,000 Holdings in Lockheed Martin Co. (NYSE:LMT)

McClarren Financial Advisors Inc. cut its holdings in Lockheed Martin Co. (NYSE:LMT) by 30.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 653 shares of the aerospace company’s stock after selling 281 shares during the quarter. McClarren Financial Advisors Inc.’s holdings in Lockheed Martin were worth $382,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LMT. Mattson Financial Services LLC bought a new position in Lockheed Martin in the second quarter valued at about $27,000. Sachetta LLC raised its position in Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 20 shares during the last quarter. Wiser Advisor Group LLC raised its position in Lockheed Martin by 65.8% in the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 25 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in Lockheed Martin in the first quarter valued at about $30,000. Finally, Stephens Consulting LLC raised its position in Lockheed Martin by 48.9% in the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 22 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.4 %

NYSE LMT traded up $2.19 during trading hours on Friday, hitting $611.81. 864,086 shares of the company’s stock were exchanged, compared to its average volume of 1,047,170. The stock has a 50-day simple moving average of $578.29 and a 200 day simple moving average of $510.67. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $614.62. The firm has a market cap of $146.80 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 4.84 and a beta of 0.47. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. During the same quarter last year, the firm posted $6.73 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Lockheed Martin Co. will post 26.68 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Monday, December 2nd. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is 48.30%.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,574,850.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the subject of several research reports. Royal Bank of Canada increased their target price on Lockheed Martin from $600.00 to $675.00 and gave the company an “outperform” rating in a research report on Monday, October 7th. Citigroup increased their target price on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. TD Cowen upgraded Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, October 8th. Melius upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective for the company in a research report on Tuesday, September 3rd. Finally, Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $597.92.

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.