Strategic Wealth Partners Ltd. Purchases New Stake in Lockheed Martin Co. (NYSE:LMT)

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Strategic Wealth Partners Ltd. purchased a new stake in Lockheed Martin Co. (NYSE:LMT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 283 shares of the aerospace company’s stock, valued at approximately $103,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Westhampton Capital LLC purchased a new position in Lockheed Martin in the second quarter valued at approximately $1,236,000. Associated Banc Corp purchased a new stake in shares of Lockheed Martin during the second quarter valued at approximately $265,000. Insight Wealth Strategies LLC purchased a new stake in shares of Lockheed Martin during the second quarter valued at approximately $250,000. Lincoln National Corp raised its stake in shares of Lockheed Martin by 45.6% during the second quarter. Lincoln National Corp now owns 33,592 shares of the aerospace company’s stock valued at $12,212,000 after purchasing an additional 10,517 shares during the period. Finally, Mid Atlantic Financial Management Inc. ADV raised its stake in shares of Lockheed Martin by 1.9% during the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 10,433 shares of the aerospace company’s stock valued at $3,793,000 after purchasing an additional 195 shares during the period. Hedge funds and other institutional investors own 78.70% of the company’s stock.

In other news, SVP Maryanne Lavan sold 1,003 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $365.50, for a total transaction 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 $540,209. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Marillyn A. Hewson sold 19,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $369.14, for a total transaction of $7,198,230.00. Following the sale, the chairman now directly owns 46,534 shares of the company’s stock, valued at approximately $17,177,560.76. The disclosure for this sale can be found here. Insiders have sold 22,503 shares of company stock valued at $8,292,527 in the last three months. Corporate insiders own 0.35% of the company’s stock.

Shares of LMT stock traded down $8.99 during mid-day trading on Friday, reaching $376.89. 1,101,444 shares of the company were exchanged, compared to its average volume of 975,135. Lockheed Martin Co. has a fifty-two week low of $241.18 and a fifty-two week high of $386.93. The company has a debt-to-equity ratio of 4.36, a quick ratio of 0.96 and a current ratio of 1.20. The company has a market capitalization of $108.97 billion, a P/E ratio of 21.11, a P/E/G ratio of 2.56 and a beta of 0.97. The business’s 50 day simple moving average is $369.12 and its 200 day simple moving average is $334.80.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.26. Lockheed Martin had a net margin of 10.18% and a return on equity of 297.37%. The business had revenue of $14.42 billion during the quarter, compared to the consensus estimate of $14.17 billion. During the same quarter last year, the company earned $4.31 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts forecast that Lockheed Martin Co. will post 21.2 EPS for the current year.

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

A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Lockheed Martin from $356.00 to $376.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. DZ Bank reiterated a “hold” rating on shares of Lockheed Martin in a research note on Thursday, July 25th. Credit Suisse Group lifted their price objective on shares of Lockheed Martin from $369.00 to $379.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. UBS Group lifted their price objective on shares of Lockheed Martin from $385.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Barclays lifted their price objective on shares of Lockheed Martin from $340.00 to $370.00 and gave the company an “equal weight” rating in a research note on Thursday, May 16th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $367.86.

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

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