Lockheed Martin Co. (NYSE:LMT) Stock Position Raised by Stephens Consulting LLC

Stephens Consulting LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 48.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 67 shares of the aerospace company’s stock after buying an additional 22 shares during the quarter. Stephens Consulting LLC’s holdings in Lockheed Martin were worth $31,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Modera Wealth Management LLC lifted its position in shares of Lockheed Martin by 0.3% in the second quarter. Modera Wealth Management LLC now owns 42,296 shares of the aerospace company’s stock worth $19,757,000 after buying an additional 112 shares during the last quarter. Smith Salley Wealth Management grew its stake in Lockheed Martin by 0.6% in the 2nd quarter. Smith Salley Wealth Management now owns 4,738 shares of the aerospace company’s stock valued at $2,213,000 after buying an additional 27 shares during the last quarter. TrueMark Investments LLC lifted its position in Lockheed Martin by 57.8% during the 2nd quarter. TrueMark Investments LLC now owns 2,818 shares of the aerospace company’s stock worth $1,316,000 after acquiring an additional 1,032 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of Lockheed Martin by 5.9% in the second quarter. Nations Financial Group Inc. IA ADV now owns 3,020 shares of the aerospace company’s stock worth $1,411,000 after purchasing an additional 169 shares during the period. Finally, Scott & Selber Inc. boosted its stake in Lockheed Martin by 1.7% during the 2nd quarter. Scott & Selber Inc. now owns 3,642 shares of the aerospace company’s stock valued at $1,701,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded up $1.40 during midday trading on Friday, hitting $568.25. 1,082,171 shares of the company were exchanged, compared to its average volume of 1,071,266. The firm has a 50 day simple moving average of $512.23 and a 200-day simple moving average of $472.54. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07. The firm has a market cap of $136.34 billion, a P/E ratio of 20.79, a PEG ratio of 4.40 and a beta of 0.46. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $569.09.

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

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.22%. Lockheed Martin’s dividend payout ratio is 46.10%.

Insider Transactions at Lockheed Martin

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays upped their price target on Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. UBS Group increased their price target on shares of Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Wells Fargo & Company boosted their price objective on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and increased their target price for the company from $540.00 to $600.00 in a research note on Friday, July 26th. Finally, TD Cowen upgraded Lockheed Martin from a “hold” rating to a “buy” rating and boosted their price target for the company from $480.00 to $560.00 in a research note on Wednesday, July 24th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus price target of $541.85.

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