Executive Wealth Management LLC increased its position in Lockheed Martin Co. (NYSE:LMT) by 6.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,690 shares of the aerospace company’s stock after buying an additional 721 shares during the period. Executive Wealth Management LLC’s holdings in Lockheed Martin were worth $4,250,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Advisors Preferred LLC purchased a new stake in shares of Lockheed Martin in the first quarter worth about $26,000. Heritage Wealth Advisors lifted its position in shares of Lockheed Martin by 304.3% in the first quarter. Heritage Wealth Advisors now owns 93 shares of the aerospace company’s stock worth $28,000 after buying an additional 70 shares in the last quarter. Trustcore Financial Services LLC lifted its position in shares of Lockheed Martin by 245.5% in the second quarter. Trustcore Financial Services LLC now owns 114 shares of the aerospace company’s stock worth $41,000 after buying an additional 81 shares in the last quarter. Covenant Multifamily Offices LLC purchased a new stake in shares of Lockheed Martin in the first quarter worth about $36,000. Finally, Bremer Bank National Association purchased a new stake in shares of Lockheed Martin in the first quarter worth about $41,000. Institutional investors own 78.55% of the company’s stock.
A number of equities research analysts recently commented on the company. Robert W. Baird boosted their target price on Lockheed Martin from $326.00 to $371.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Barclays boosted their price objective on Lockheed Martin from $340.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. boosted their price objective on Lockheed Martin from $360.00 to $395.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. UBS Group boosted their price objective on Lockheed Martin from $385.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, Zacks Investment Research raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 price objective on the stock in a research note on Thursday, April 25th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $366.43.
Shares of NYSE LMT opened at $377.22 on Wednesday. The stock’s 50 day moving average is $366.24. 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 $381.51. The company has a market capitalization of $106.57 billion, a PE ratio of 21.13, a P/E/G ratio of 2.50 and a beta of 0.97.
Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.74 by $0.26. Lockheed Martin had a return on equity of 297.37% and a net margin of 10.18%. The company had revenue of $14.42 billion for the quarter, compared to analysts’ expectations of $14.17 billion. During the same period in the previous year, the firm posted $4.31 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities analysts predict that Lockheed Martin Co. will post 21.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be paid 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 dividend yield of 2.33%. Lockheed Martin’s dividend payout ratio is 49.30%.
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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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