Northcape Wealth Management LLC Purchases 133 Shares of Lockheed Martin Co. (NYSE:LMT)

Northcape Wealth Management LLC grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 10.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,361 shares of the aerospace company’s stock after acquiring an additional 133 shares during the quarter. Northcape Wealth Management LLC’s holdings in Lockheed Martin were worth $636,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC grew its position in shares of Lockheed Martin by 130.0% during the 2nd quarter. GAMMA Investing LLC now owns 3,572 shares of the aerospace company’s stock worth $1,668,000 after purchasing an additional 2,019 shares in the last quarter. Warther Private Wealth LLC raised its holdings in Lockheed Martin by 86.1% in the 4th quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock valued at $7,419,000 after acquiring an additional 7,575 shares in the last quarter. Morningstar Investment Services LLC lifted 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 valued at $66,697,000 after acquiring an additional 73,774 shares during the period. Cercano Management LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth $29,454,000. Finally, Brevan Howard Capital Management LP increased its position 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 worth $3,228,000 after purchasing an additional 5,736 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 0.4 %

Shares of NYSE:LMT traded down $2.02 during midday trading on Friday, hitting $555.01. 870,355 shares of the stock were exchanged, compared to its average volume of 1,078,855. The business’s 50-day moving average price is $504.16 and its 200 day moving average price is $469.09. 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 quick ratio of 1.07 and a current ratio of 1.24. The stock has a market capitalization of $133.17 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 4.40 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last posted its 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. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The business had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.05 billion. During the same period last year, the company earned $6.73 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. Analysts predict that Lockheed Martin Co. will post 26.71 earnings per share for the current year.

Lockheed Martin Announces Dividend

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

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 stock was sold at an average price of $515.36, for a total value of $2,048,556.00. Following the sale, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LMT. Wells Fargo & Company increased their price objective on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. UBS Group increased their price target on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. TD Cowen raised Lockheed Martin from a “hold” rating to a “buy” rating and raised their target price for the company from $480.00 to $560.00 in a report on Wednesday, July 24th. Royal Bank of Canada upgraded Lockheed Martin from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $500.00 to $600.00 in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their price objective on Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $541.85.

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.