Skandinaviska Enskilda Banken AB publ Buys New Stake in Lockheed Martin Co. (NYSE:LMT)

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Skandinaviska Enskilda Banken AB publ bought a new stake in Lockheed Martin Co. (NYSE:LMT) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 645 shares of the aerospace company’s stock, valued at approximately $234,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Paragon Capital Management LLC boosted its stake in Lockheed Martin by 406.7% during the 2nd quarter. Paragon Capital Management LLC now owns 76 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 61 shares during the period. Advisors Preferred LLC acquired a new stake in Lockheed Martin during the 1st quarter worth $26,000. Heritage Wealth Advisors boosted its stake in Lockheed Martin by 304.3% during the 1st quarter. Heritage Wealth Advisors now owns 93 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 70 shares during the period. MRA Associates USA LLC acquired a new stake in Lockheed Martin during the 2nd quarter worth $38,000. Finally, Trustcore Financial Services LLC boosted its stake in Lockheed Martin by 245.5% during the 2nd quarter. Trustcore Financial Services LLC now owns 114 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 81 shares during the period. 78.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LMT traded up $1.41 during trading hours on Friday, reaching $386.56. The company had a trading volume of 692,997 shares, compared to its average volume of 867,530. The firm has a 50 day simple moving average of $373.54 and a 200-day simple moving average of $340.43. The company has a current ratio of 1.20, a quick ratio of 0.96 and a debt-to-equity ratio of 4.36. The company has a market capitalization of $108.77 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 2.56 and a beta of 0.95. Lockheed Martin Co. has a 12-month low of $241.18 and a 12-month high of $393.43.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.74 by $0.26. The business had revenue of $14.42 billion during the quarter, compared to the consensus estimate of $14.17 billion. Lockheed Martin had a net margin of 10.18% and a return on equity of 297.37%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.31 EPS. Sell-side analysts forecast that Lockheed Martin Co. will post 21.2 earnings per share 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 issued a $2.20 dividend. The ex-dividend date is Friday, August 30th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.28%. Lockheed Martin’s dividend payout ratio is presently 49.30%.

In other news, SVP Maryanne Lavan sold 1,003 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $365.50, for a total value of $366,596.50. Following the completion of the transaction, the senior vice president now owns 1,478 shares in the company, valued at approximately $540,209. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Marillyn A. Hewson sold 19,500 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $369.14, for a total transaction of $7,198,230.00. Following the completion of the transaction, the chairman now 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 sold a total of 22,503 shares of company stock valued at $8,292,527 in the last quarter. Insiders own 0.35% of the company’s stock.

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of Lockheed Martin from $340.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 16th. DZ Bank restated a “hold” rating on shares of Lockheed Martin in a research note on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on shares of Lockheed Martin from $360.00 to $395.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Credit Suisse Group raised their target price on shares of Lockheed Martin from $369.00 to $379.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, UBS Group raised their target price on shares of Lockheed Martin from $385.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $367.86.

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.

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

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