Legacy Capital Group California Inc. Has $439,000 Holdings in Lockheed Martin Co. (NYSE:LMT)

Legacy Capital Group California Inc. raised its position in Lockheed Martin Co. (NYSE:LMT) by 8.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 940 shares of the aerospace company’s stock after purchasing an additional 75 shares during the period. Legacy Capital Group California Inc.’s holdings in Lockheed Martin were worth $439,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of LMT. GAMMA Investing LLC lifted its stake in shares of Lockheed Martin by 130.0% in the 2nd quarter. GAMMA Investing LLC now owns 3,572 shares of the aerospace company’s stock valued at $1,668,000 after purchasing an additional 2,019 shares during the period. Warther Private Wealth LLC boosted its holdings in shares of Lockheed Martin by 86.1% during the 4th quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock worth $7,419,000 after buying an additional 7,575 shares in the last quarter. Morningstar Investment Services LLC grew its position in shares of Lockheed Martin by 99.6% during the 4th 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 during the period. Cercano Management LLC bought a new stake in shares of Lockheed Martin in the 4th quarter valued at $29,454,000. Finally, Brevan Howard Capital Management LP lifted its position in shares of Lockheed Martin by 414.2% during the 4th quarter. Brevan Howard Capital Management LP now owns 7,121 shares of the aerospace company’s stock valued at $3,228,000 after acquiring an additional 5,736 shares during the period. 74.19% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 8,877 shares of the company’s stock, valued at $4,574,850.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by insiders.

Lockheed Martin Stock Performance

LMT stock traded down $2.22 during mid-day trading on Wednesday, hitting $554.79. The company had a trading volume of 493,043 shares, compared to its average volume of 1,079,621. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $564.22. The stock’s fifty day moving average price is $498.35 and its two-hundred day moving average price is $466.63. The firm has a market cap of $133.12 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 4.40 and a beta of 0.46. 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 EPS for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The company had revenue of $18.12 billion for the quarter, compared to analysts’ expectations of $17.05 billion. During the same quarter in the previous year, the firm posted $6.73 EPS. Lockheed Martin’s revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Lockheed Martin Co. will post 26.71 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders 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 dividend yield of 2.27%. Lockheed Martin’s payout ratio is 46.10%.

Analyst Ratings Changes

LMT has been the subject of several research analyst reports. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Royal Bank of Canada raised Lockheed Martin from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $500.00 to $600.00 in a research note on Monday, August 5th. Susquehanna boosted their price objective on Lockheed Martin from $540.00 to $565.00 and gave the company a “positive” rating in a report on Wednesday, July 24th. Wells Fargo & Company boosted their price target on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Finally, UBS Group increased their price objective on Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.