Arkadios Wealth Advisors Acquires 1,531 Shares of Lockheed Martin Co. (NYSE:LMT)

Arkadios Wealth Advisors lifted its holdings in Lockheed Martin Co. (NYSE:LMTGet Rating) by 70.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,719 shares of the aerospace company’s stock after purchasing an additional 1,531 shares during the period. Arkadios Wealth Advisors’ holdings in Lockheed Martin were worth $1,599,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. LCM Capital Management Inc increased its stake in Lockheed Martin by 0.7% during the first quarter. LCM Capital Management Inc now owns 3,416 shares of the aerospace company’s stock valued at $1,508,000 after acquiring an additional 23 shares during the period. Byrne Asset Management LLC increased its stake in Lockheed Martin by 5.3% during the first quarter. Byrne Asset Management LLC now owns 479 shares of the aerospace company’s stock valued at $211,000 after acquiring an additional 24 shares during the period. Menard Financial Group LLC increased its stake in Lockheed Martin by 2.6% during the first quarter. Menard Financial Group LLC now owns 931 shares of the aerospace company’s stock valued at $411,000 after acquiring an additional 24 shares during the period. D.B. Root & Company LLC increased its stake in Lockheed Martin by 0.8% during the first quarter. D.B. Root & Company LLC now owns 3,180 shares of the aerospace company’s stock valued at $1,403,000 after acquiring an additional 24 shares during the period. Finally, Bank of New Hampshire increased its stake in Lockheed Martin by 3.2% during the first quarter. Bank of New Hampshire now owns 800 shares of the aerospace company’s stock valued at $353,000 after acquiring an additional 25 shares during the period. 75.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, Director John Donovan bought 632 shares of the company’s stock in a transaction on Wednesday, July 20th. The stock was bought at an average price of $396.16 per share, for a total transaction of $250,373.12. Following the transaction, the director now owns 1,200 shares of the company’s stock, valued at approximately $475,392. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director John Donovan bought 632 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, July 20th. The stock was purchased at an average cost of $396.16 per share, with a total value of $250,373.12. Following the purchase, the director now owns 1,200 shares in the company, valued at $475,392. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gregory M. Ulmer sold 6,929 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $423.87, for a total transaction of $2,936,995.23. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Up 0.4 %

Shares of LMT opened at $422.08 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.27 and a quick ratio of 1.06. The business’s 50 day simple moving average is $419.75 and its 200-day simple moving average is $431.25. Lockheed Martin Co. has a one year low of $324.23 and a one year high of $479.99. The company has a market capitalization of $111.91 billion, a P/E ratio of 24.43, a PEG ratio of 2.88 and a beta of 0.66.

Lockheed Martin (NYSE:LMTGet Rating) last posted its quarterly earnings data on Tuesday, July 19th. The aerospace company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $6.39 by ($5.23). Lockheed Martin had a return on equity of 69.02% and a net margin of 7.33%. The company had revenue of $15.45 billion during the quarter, compared to the consensus estimate of $16.02 billion. During the same quarter last year, the firm earned $7.13 EPS. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, sell-side analysts predict that Lockheed Martin Co. will post 26.8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Lockheed Martin from $496.00 to $406.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 20th. Morgan Stanley decreased their price objective on Lockheed Martin from $525.00 to $522.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. Finally, Royal Bank of Canada assumed coverage on Lockheed Martin in a report on Monday, August 29th. They set a “sector perform” rating and a $460.00 price objective on the stock. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $448.92.

Lockheed Martin Company Profile

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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.

See Also

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

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