MML Investors Services LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 4.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,748 shares of the aerospace company’s stock after acquiring an additional 1,858 shares during the period. MML Investors Services LLC’s holdings in Lockheed Martin were worth $14,450,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advisors Preferred LLC bought a new stake in Lockheed Martin in the first quarter worth $26,000. Krane Funds Advisors LLC bought a new position in Lockheed Martin during the 2nd quarter worth $26,000. Heritage Wealth Advisors grew its stake in Lockheed Martin by 304.3% during the 1st quarter. Heritage Wealth Advisors now owns 93 shares of the aerospace company’s stock worth $28,000 after buying an additional 70 shares during the last quarter. Paragon Capital Management LLC grew its stake in Lockheed Martin by 406.7% during the 2nd quarter. Paragon Capital Management LLC now owns 76 shares of the aerospace company’s stock worth $28,000 after buying an additional 61 shares during the last quarter. Finally, MRA Associates USA LLC acquired a new stake in Lockheed Martin in the second quarter worth $38,000. Institutional investors own 78.94% of the company’s stock.
Shares of NYSE:LMT traded down $0.51 during trading on Wednesday, reaching $380.81. 37,633 shares of the company traded hands, compared to its average volume of 881,661. The firm has a fifty day simple moving average of $375.60 and a 200 day simple moving average of $341.97. The company has a quick ratio of 0.96, a current ratio of 1.20 and a debt-to-equity ratio of 4.36. Lockheed Martin Co. has a 1-year low of $241.18 and a 1-year high of $393.43. The firm has a market cap of $107.68 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 2.52 and a beta of 0.95.
Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.74 by $0.26. The business had revenue of $14.42 billion during the quarter, compared to analyst estimates of $14.17 billion. Lockheed Martin had a return on equity of 297.37% and a net margin of 10.18%. Lockheed Martin’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $4.31 earnings per share. As a group, research analysts anticipate that Lockheed Martin Co. will post 21.2 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be given a $2.20 dividend. This represents a $8.80 annualized dividend and a yield of 2.31%. The ex-dividend date is Friday, August 30th. Lockheed Martin’s payout ratio is currently 49.30%.
LMT has been the subject of several analyst reports. UBS Group boosted their price target on shares of Lockheed Martin from $385.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Barclays lifted their target price on shares of Lockheed Martin from $340.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 16th. Credit Suisse Group upped their price target on shares of Lockheed Martin from $369.00 to $379.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Morgan Stanley raised their price objective on shares of Lockheed Martin from $356.00 to $376.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Finally, DZ Bank reiterated a “hold” rating on shares of Lockheed Martin in a research report on Thursday, July 25th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $367.86.
In related news, SVP Maryanne Lavan sold 1,003 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $365.50, for a total value of $366,596.50. Following the completion of the sale, the senior vice president now owns 1,478 shares of the company’s stock, valued at approximately $540,209. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Marillyn A. Hewson sold 19,500 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $369.14, for a total value of $7,198,230.00. Following the completion of the transaction, the chairman now owns 46,534 shares in the company, valued at approximately $17,177,560.76. The disclosure for this sale can be found here. Insiders have sold a total of 22,503 shares of company stock valued at $8,292,527 over the last ninety days. Company insiders own 0.35% of the company’s stock.
Lockheed Martin Company 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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