Bbva Compass Bancshares Inc. raised its stake in Lockheed Martin Corp. (NYSE:LMT) by 9.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,708 shares of the company’s stock after buying an additional 596 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Lockheed Martin Corp. were worth $1,665,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in LMT. Americafirst Capital Management LLC acquired a new stake in Lockheed Martin Corp. during the second quarter valued at $103,000. Signaturefd LLC boosted its stake in Lockheed Martin Corp. by 14.9% in the second quarter. Signaturefd LLC now owns 546 shares of the company’s stock valued at $135,000 after buying an additional 71 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Lockheed Martin Corp. by 24.4% in the second quarter. Quadrant Capital Group LLC now owns 684 shares of the company’s stock valued at $161,000 after buying an additional 134 shares during the last quarter. Zions Bancorporation boosted its stake in Lockheed Martin Corp. by 102.3% in the first quarter. Zions Bancorporation now owns 809 shares of the company’s stock valued at $182,000 after buying an additional 409 shares during the last quarter. Finally, Williams Jones & Associates LLC acquired a new stake in Lockheed Martin Corp. during the first quarter valued at $185,000. Hedge funds and other institutional investors own 83.82% of the company’s stock.
Lockheed Martin Corp. (NYSE:LMT) traded up 0.22% during trading on Monday, reaching $233.08. The company’s stock had a trading volume of 484,756 shares. Lockheed Martin Corp. has a one year low of $200.47 and a one year high of $266.93. The company has a 50-day moving average of $239.84 and a 200 day moving average of $241.96. The firm has a market cap of $70.60 billion, a PE ratio of 19.41 and a beta of 0.59.
Lockheed Martin Corp. (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $3.32 EPS for the quarter, beating the consensus estimate of $2.93 by $0.39. The firm earned $12.90 billion during the quarter, compared to the consensus estimate of $12.56 billion. Lockheed Martin Corp. had a net margin of 7.37% and a return on equity of 119.66%. During the same period in the prior year, the firm posted $2.94 earnings per share. Analysts expect that Lockheed Martin Corp. will post $11.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 1st will be paid a dividend of $1.82 per share. This represents a $7.28 annualized dividend and a dividend yield of 3.13%. This is an increase from Lockheed Martin Corp.’s previous quarterly dividend of $1.65. The ex-dividend date is Tuesday, November 29th. Lockheed Martin Corp.’s dividend payout ratio is 56.51%.
A number of research analysts have recently commented on the company. Argus increased their price target on Lockheed Martin Corp. from $255.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, July 20th. Citigroup Inc. reiterated a “buy” rating and issued a $284.00 price target (up from $239.00) on shares of Lockheed Martin Corp. in a research note on Tuesday, September 6th. Robert W. Baird assumed coverage on Lockheed Martin Corp. in a research note on Wednesday, October 5th. They issued an “outperform” rating and a $284.00 price target for the company. Zacks Investment Research upgraded Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $288.00 price target for the company in a research note on Monday, July 18th. Finally, Jefferies Group reiterated a “hold” rating on shares of Lockheed Martin Corp. in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Lockheed Martin Corp. presently has a consensus rating of “Hold” and a consensus target price of $259.77.
In other news, insider Sondra L. Barbour sold 66,460 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $255.74, for a total transaction of $16,996,480.40. Following the completion of the transaction, the insider now directly owns 31,200 shares of the company’s stock, valued at $7,979,088. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Orlando D. Carvalho sold 12,700 shares of the company’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $254.78, for a total transaction of $3,235,706.00. Following the transaction, the insider now directly owns 29,120 shares of the company’s stock, valued at $7,419,193.60. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
About Lockheed Martin Corp.
Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research, design, integration and sustainment of advanced technology systems, products and services. It operates in five segments: Aeronautics; Information Systems & Global Solutions (IS&GS); Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems.
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