Hayden Royal LLC Has $343,000 Holdings in Lockheed Martin Co. (NYSE:LMT)

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Hayden Royal LLC lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 4.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 936 shares of the aerospace company’s stock after buying an additional 41 shares during the period. Hayden Royal LLC’s holdings in Lockheed Martin were worth $343,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LMT. Thoroughbred Financial Services LLC boosted its position in shares of Lockheed Martin by 38,923.0% during the second quarter. Thoroughbred Financial Services LLC now owns 1,341,221 shares of the aerospace company’s stock valued at $134,122,000 after buying an additional 1,337,784 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Lockheed Martin by 25.3% during the fourth quarter. Geode Capital Management LLC now owns 3,422,800 shares of the aerospace company’s stock valued at $894,874,000 after buying an additional 691,751 shares during the last quarter. Confluence Investment Management LLC boosted its position in shares of Lockheed Martin by 458.3% during the first quarter. Confluence Investment Management LLC now owns 348,533 shares of the aerospace company’s stock valued at $104,616,000 after buying an additional 286,105 shares during the last quarter. Waverton Investment Management Ltd boosted its position in shares of Lockheed Martin by 159.0% during the second quarter. Waverton Investment Management Ltd now owns 235,976 shares of the aerospace company’s stock valued at $85,787,000 after buying an additional 144,869 shares during the last quarter. Finally, Pennsylvania Trust Co boosted its position in shares of Lockheed Martin by 1,081.8% during the first quarter. Pennsylvania Trust Co now owns 129,441 shares of the aerospace company’s stock valued at $957,000 after buying an additional 118,488 shares during the last quarter. 78.55% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Lockheed Martin from $360.00 to $395.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. UBS Group lifted their target price on Lockheed Martin from $385.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Bank of America reaffirmed a “buy” rating and set a $400.00 target price (up previously from $390.00) on shares of Lockheed Martin in a research report on Wednesday, April 24th. DZ Bank reaffirmed a “hold” rating on shares of Lockheed Martin in a research report on Thursday, July 25th. Finally, ValuEngine raised Lockheed Martin from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $366.43.

Shares of Lockheed Martin stock opened at $377.22 on Wednesday. The stock’s fifty day simple moving average is $366.24. The company has a market capitalization of $106.57 billion, a price-to-earnings ratio of 21.13, a P/E/G ratio of 2.50 and a beta of 0.97. Lockheed Martin Co. has a 12 month low of $241.18 and a 12 month high of $381.51. 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 (NYSE:LMT) last issued its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 EPS for the quarter, topping the Zacks’ consensus estimate of $4.74 by $0.26. The business had revenue of $14.42 billion for 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 posted $4.31 earnings per share. On average, research analysts anticipate that Lockheed Martin Co. will post 21.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be issued a dividend of $2.20 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $8.80 dividend on an annualized basis and a yield of 2.33%. Lockheed Martin’s dividend payout ratio (DPR) is currently 49.30%.

In other news, Director James D. Taiclet, Jr. bought 1,354 shares of the stock in a transaction on Friday, August 9th. The shares were purchased at an average cost of $376.32 per share, for a total transaction of $509,537.28. Following the completion of the purchase, the director now directly owns 1,354 shares in the company, valued at approximately $509,537.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Marillyn A. Hewson sold 19,500 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $369.14, for a total value of $7,198,230.00. Following the completion of the sale, the chairman now owns 46,534 shares in the company, valued at $17,177,560.76. The disclosure for this sale can be found here. Insiders have sold 22,503 shares of company stock worth $8,292,527 over the last quarter. 0.35% of the stock is currently owned by corporate insiders.

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 (MFC), Rotary and Mission Systems (RMS), and Space.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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