Stonebridge Capital Advisors LLC Buys 61 Shares of Lockheed Martin Co. (NYSE:LMT)

Stonebridge Capital Advisors LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 9.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 714 shares of the aerospace company’s stock after purchasing an additional 61 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Lockheed Martin were worth $325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Warther Private Wealth LLC lifted its stake in Lockheed Martin by 86.1% during the fourth quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock worth $7,419,000 after purchasing an additional 7,575 shares during the period. Morningstar Investment Services LLC increased its holdings in shares of Lockheed Martin by 99.6% during the fourth quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock worth $66,697,000 after buying an additional 73,774 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Lockheed Martin by 0.4% during the fourth quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock worth $3,509,000 after buying an additional 29 shares in the last quarter. Cercano Management LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth approximately $29,454,000. Finally, Brevan Howard Capital Management LP increased its holdings in shares of Lockheed Martin by 414.2% in the fourth quarter. Brevan Howard Capital Management LP now owns 7,121 shares of the aerospace company’s stock valued at $3,228,000 after purchasing an additional 5,736 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Insiders Place Their Bets

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the 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 owns 8,877 shares in the company, valued at approximately $4,574,850.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Royal Bank of Canada lifted their price target on shares of Lockheed Martin from $470.00 to $500.00 and gave the stock a “sector perform” rating in a research report on Wednesday. UBS Group boosted their price objective on shares of Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, The Goldman Sachs Group cut their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $518.91.

Lockheed Martin Stock Performance

Lockheed Martin stock traded up $3.40 during midday trading on Friday, reaching $524.80. 1,141,310 shares of the company’s stock were exchanged, compared to its average volume of 1,065,686. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $528.64. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.11 and a current ratio of 1.24. The firm has a market cap of $125.09 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 4.86 and a beta of 0.46. The stock’s 50-day simple moving average is $469.59 and its 200 day simple moving average is $453.91.

Lockheed Martin (NYSE:LMT) last posted its quarterly 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. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. During the same quarter last year, the company posted $6.73 earnings per share. Lockheed Martin’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts expect that Lockheed Martin Co. will post 26.43 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be given 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 2.40%. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

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.