Lockheed Martin Co. (NYSE:LMT) Stock Holdings Lifted by Unison Asset Management LLC

Unison Asset Management LLC grew its position in Lockheed Martin Co. (NYSE:LMT) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,577 shares of the aerospace company’s stock after purchasing an additional 77 shares during the period. Lockheed Martin comprises about 2.5% of Unison Asset Management LLC’s holdings, making the stock its 17th largest position. Unison Asset Management LLC’s holdings in Lockheed Martin were worth $4,941,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. First Pacific Financial bought a new position in Lockheed Martin during the first quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new position in shares of Lockheed Martin during the 4th quarter worth $26,000. Wiser Advisor Group LLC raised its holdings in shares of Lockheed Martin by 65.8% during the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 25 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Lockheed Martin in the 1st quarter valued at $30,000. Finally, Stephens Consulting LLC boosted its holdings in Lockheed Martin by 48.9% in the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 22 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LMT has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Lockheed Martin from a “hold” rating to a “buy” rating and raised their target price for the company from $540.00 to $600.00 in a report on Friday, July 26th. UBS Group boosted their target price on Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a report on Tuesday. Barclays boosted their price objective on shares of Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Finally, Royal Bank of Canada upgraded shares of Lockheed Martin from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $500.00 to $600.00 in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $553.43.

Insider Activity at Lockheed Martin

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

Lockheed Martin Stock Performance

LMT stock traded down $7.96 during trading on Thursday, reaching $566.82. 164,148 shares of the stock were exchanged, compared to its average volume of 1,066,352. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $578.73. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $136.00 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 4.56 and a beta of 0.46. The stock has a 50 day simple moving average of $520.31 and a 200-day simple moving average of $476.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, topping the consensus estimate of $6.45 by $0.66. The company had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. Lockheed Martin’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $6.73 EPS. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 26.65 earnings per share for the current 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 given a dividend of $3.15 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.22%. Lockheed Martin’s dividend payout ratio (DPR) is currently 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.