Atomi Financial Group Inc. Raises Stock Position in Lockheed Martin Co. (NYSE:LMT)

Atomi Financial Group Inc. boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 6.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,936 shares of the aerospace company’s stock after buying an additional 109 shares during the period. Atomi Financial Group Inc.’s holdings in Lockheed Martin were worth $904,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. HTLF Bank increased its stake in Lockheed Martin by 3.7% in the 2nd quarter. HTLF Bank now owns 565 shares of the aerospace company’s stock worth $264,000 after buying an additional 20 shares in the last quarter. Goldstein Advisors LLC increased its stake in Lockheed Martin by 1.2% in the 2nd quarter. Goldstein Advisors LLC now owns 1,731 shares of the aerospace company’s stock worth $809,000 after buying an additional 21 shares in the last quarter. Hudock Inc. grew its position in shares of Lockheed Martin by 1.3% during the first quarter. Hudock Inc. now owns 1,760 shares of the aerospace company’s stock valued at $801,000 after purchasing an additional 22 shares in the last quarter. American Trust grew its position in shares of Lockheed Martin by 1.8% during the first quarter. American Trust now owns 1,394 shares of the aerospace company’s stock valued at $634,000 after purchasing an additional 24 shares in the last quarter. Finally, Missouri Trust & Investment Co grew its position in shares of Lockheed Martin by 19.8% during the fourth quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock valued at $68,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.4 %

Shares of NYSE:LMT traded up $2.31 during trading on Tuesday, reaching $560.41. 749,596 shares of the company were exchanged, compared to its average volume of 1,075,143. The firm has a market capitalization of $134.46 billion, a PE ratio of 20.51, a P/E/G ratio of 4.40 and a beta of 0.46. The business’s fifty day simple moving average is $506.14 and its 200-day simple moving average is $470.29. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $564.22. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 9.48% and a return on equity of 95.03%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $6.73 earnings per share. On average, research analysts anticipate that Lockheed Martin Co. will post 26.71 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced 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 2.25%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Insider Activity at Lockheed Martin

In related news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the transaction, the insider now directly owns 8,877 shares of the company’s stock, valued at $4,574,850.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group raised their price objective on Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and increased their price target for the company from $540.00 to $600.00 in a report on Friday, July 26th. Morgan Stanley increased their price target on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Bank of America raised shares of Lockheed Martin from a “neutral” rating to a “buy” rating and increased their price target for the company from $465.00 to $635.00 in a report on Wednesday, July 31st. Finally, Royal Bank of Canada raised shares of Lockheed Martin from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $500.00 to $600.00 in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $541.85.

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.