26,111 Shares in Lockheed Martin Co. (NYSE:LMT) Purchased by Isthmus Partners LLC

Isthmus Partners LLC acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 26,111 shares of the aerospace company’s stock, valued at approximately $122,000.

Several other large investors have also bought and sold shares of LMT. Franklin Resources Inc. raised its holdings in Lockheed Martin by 14.9% in the 4th quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock worth $1,173,641,000 after acquiring an additional 336,588 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Lockheed Martin by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,038,161 shares of the aerospace company’s stock valued at $470,536,000 after buying an additional 27,349 shares during the last quarter. Capital Research Global Investors increased its holdings in Lockheed Martin by 29.7% in the 1st quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company’s stock worth $433,621,000 after buying an additional 218,506 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Lockheed Martin by 1.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 716,832 shares of the aerospace company’s stock worth $324,897,000 after buying an additional 9,136 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its stake in Lockheed Martin by 91.8% during the 4th quarter. Corient Private Wealth LLC now owns 574,017 shares of the aerospace company’s stock valued at $260,169,000 after acquiring an additional 274,680 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LMT has been the subject of a number of research analyst reports. TD Cowen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and lifted their price target for the stock from $480.00 to $560.00 in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and boosted their target price for the company from $540.00 to $600.00 in a research note on Friday, July 26th. Susquehanna raised their price target on Lockheed Martin from $540.00 to $565.00 and gave the stock a “positive” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, Wells Fargo & Company raised their target price on Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $553.43.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded down $1.96 on Friday, hitting $566.63. 976,688 shares of the company traded hands, compared to its average volume of 1,069,765. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. The business has a 50-day simple moving average of $524.33 and a 200 day simple moving average of $478.58. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $578.73. The stock has a market capitalization of $135.96 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 4.56 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 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 analysts’ expectations of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.73 EPS. Research analysts expect that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be issued a $3.15 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.22%. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Insider Activity at Lockheed Martin

In other Lockheed Martin 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 transaction of $2,048,556.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is owned by insiders.

Lockheed Martin Company 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.