Butensky & Cohen Financial Security Inc. Trims Stake in Lockheed Martin Co. (NYSE:LMT)

Butensky & Cohen Financial Security Inc. lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 4.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,620 shares of the aerospace company’s stock after selling 431 shares during the quarter. Lockheed Martin comprises 1.6% of Butensky & Cohen Financial Security Inc.’s portfolio, making the stock its 18th largest position. Butensky & Cohen Financial Security Inc.’s holdings in Lockheed Martin were worth $4,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Grey Fox Wealth Advisors LLC purchased a new position in shares of Lockheed Martin during the fourth quarter valued at about $27,000. Edmond DE Rothschild Holding S.A. increased its position in shares of Lockheed Martin by 100.0% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 60 shares of the aerospace company’s stock valued at $28,000 after buying an additional 30 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in shares of Lockheed Martin during the fourth quarter valued at about $31,000. Cascade Investment Advisors Inc. purchased a new position in shares of Lockheed Martin during the first quarter valued at about $35,000. Finally, KB Financial Partners LLC bought a new stake in Lockheed Martin during the first quarter worth about $35,000. Hedge funds and other institutional investors own 74.26% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, Director John Donovan bought 548 shares of Lockheed Martin stock in a transaction on Wednesday, July 19th. The stock was acquired at an average cost of $457.07 per share, with a total value of $250,474.36. Following the completion of the acquisition, the director now owns 3,378 shares in the company, valued at $1,543,982.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com assumed coverage on shares of Lockheed Martin in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Morgan Stanley reissued an “equal weight” rating and set a $532.00 price objective on shares of Lockheed Martin in a research note on Wednesday, July 19th. Wells Fargo & Company raised shares of Lockheed Martin from an “underweight” rating to an “equal weight” rating and set a $440.00 price objective on the stock in a research note on Monday. Citigroup dropped their price objective on shares of Lockheed Martin from $579.00 to $555.00 in a research note on Wednesday, July 19th. Finally, Susquehanna dropped their price objective on shares of Lockheed Martin from $575.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $499.43.

Lockheed Martin Stock Up 0.7 %

Shares of Lockheed Martin stock opened at $427.18 on Monday. The company has a market cap of $107.58 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 2.40 and a beta of 0.65. The company’s 50 day moving average is $447.76 and its 200 day moving average is $459.96. Lockheed Martin Co. has a twelve month low of $381.55 and a twelve month high of $508.10. The company has a quick ratio of 1.16, a current ratio of 1.36 and a debt-to-equity ratio of 1.87.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 18th. The aerospace company reported $6.73 earnings per share for the quarter, beating analysts’ consensus estimates of $6.45 by $0.28. The company had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $15.92 billion. Lockheed Martin had a net margin of 10.48% and a return on equity of 71.67%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.32 earnings per share. Research analysts anticipate that Lockheed Martin Co. will post 27.07 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $12.00 dividend on an annualized basis and a yield of 2.81%. Lockheed Martin’s dividend payout ratio is currently 43.88%.

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.