Focus Financial Network Inc. Has $1.15 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Focus Financial Network Inc. increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 5.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,416 shares of the aerospace company’s stock after acquiring an additional 121 shares during the period. Focus Financial Network Inc.’s holdings in Lockheed Martin were worth $1,150,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in LMT. First Pacific Financial bought a new stake in Lockheed Martin during the first quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in Lockheed Martin in the 4th quarter valued at approximately $26,000. Wiser Advisor Group LLC increased its position in Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after buying an additional 25 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Lockheed Martin during the first quarter worth approximately $30,000. Finally, Thompson Investment Management Inc. bought a new stake in shares of Lockheed Martin in the first quarter valued at approximately $38,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Down 0.2 %

LMT traded down $1.38 during trading on Tuesday, reaching $557.01. 870,807 shares of the company’s stock were exchanged, compared to its average volume of 1,082,750. The company’s fifty day moving average price is $496.47 and its 200-day moving average price is $465.71. The firm has a market capitalization of $133.65 billion, a PE ratio of 20.26, a P/E/G ratio of 4.40 and a beta of 0.46. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $564.22. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.45 by $0.66. The business had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $6.73 EPS. As a group, equities analysts forecast that Lockheed Martin Co. will post 26.71 EPS for the current year.

Lockheed Martin Announces Dividend

The firm 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 $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LMT. JPMorgan Chase & Co. boosted their target price on shares of Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. UBS Group increased their target price on shares of Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Royal Bank of Canada raised Lockheed Martin from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $500.00 to $600.00 in a report on Monday, August 5th. Citigroup raised their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Barclays increased their target price on Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $541.85.

Insiders Place Their Bets

In other news, insider Timothy S. Cahill sold 3,975 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total value of $2,048,556.00. Following the completion of the transaction, the insider now owns 8,877 shares in the company, valued at $4,574,850.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.17% of the company’s stock.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.