Lokken Investment Group LLC Acquires 370 Shares of Lockheed Martin Co. (NYSE:LMT)

Lokken Investment Group LLC lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 13.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,149 shares of the aerospace company’s stock after purchasing an additional 370 shares during the period. Lokken Investment Group LLC’s holdings in Lockheed Martin were worth $1,471,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of Lockheed Martin by 130.0% in the second 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. Morningstar Investment Services LLC lifted its position in shares of Lockheed Martin by 99.6% in the fourth 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 in the last quarter. Brevan Howard Capital Management LP raised its stake in 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 purchasing an additional 5,736 shares during the period. New Mexico Educational Retirement Board boosted its stake in Lockheed Martin by 20.5% in the 1st quarter. New Mexico Educational Retirement Board now owns 14,097 shares of the aerospace company’s stock worth $6,222,000 after purchasing an additional 2,400 shares during the period. Finally, American National Bank lifted its holdings in shares of Lockheed Martin by 26.8% in the first quarter. American National Bank now owns 36,577 shares of the aerospace company’s stock worth $16,638,000 after buying an additional 7,731 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related 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 value of $2,048,556.00. Following the completion of the sale, the insider now owns 8,877 shares in the company, valued at $4,574,850.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on LMT shares. Susquehanna boosted their price target on shares of Lockheed Martin from $540.00 to $565.00 and gave the stock a “positive” rating in a research note on Wednesday, July 24th. Wells Fargo & Company boosted 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. TD Cowen upgraded Lockheed Martin from a “hold” rating to a “buy” rating and raised their price target for the company from $480.00 to $560.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price objective on Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada upgraded Lockheed Martin from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $500.00 to $600.00 in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average target price of $553.43.

Lockheed Martin Stock Down 1.0 %

Shares of NYSE:LMT opened at $567.07 on Wednesday. The firm has a market capitalization of $136.06 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 4.55 and a beta of 0.47. The business has a 50 day simple moving average of $539.25 and a two-hundred day simple moving average of $486.27. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $578.73. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.05 billion. During the same quarter in the prior year, the company posted $6.73 EPS. Lockheed Martin’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts predict that Lockheed Martin Co. will post 26.65 EPS for the current 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 $3.15 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.22%. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

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.