Securian Asset Management Inc. Sells 172 Shares of Lockheed Martin Corporation $LMT

Securian Asset Management Inc. decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,960 shares of the aerospace company’s stock after selling 172 shares during the quarter. Securian Asset Management Inc.’s holdings in Lockheed Martin were worth $5,076,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. TruNorth Capital Management LLC purchased a new stake in Lockheed Martin in the 1st quarter valued at about $31,000. Frazier Financial Advisors LLC purchased a new stake in Lockheed Martin in the 2nd quarter valued at about $34,000. EQ Wealth Advisors LLC purchased a new stake in Lockheed Martin in the 1st quarter valued at about $43,000. GFG Capital LLC purchased a new stake in Lockheed Martin in the 2nd quarter valued at about $43,000. Finally, Bernard Wealth Management Corp. increased its stake in Lockheed Martin by 251.9% in the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after buying an additional 68 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on LMT shares. Sanford C. Bernstein increased their price objective on shares of Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research note on Monday. The Goldman Sachs Group raised their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. TD Cowen restated a “hold” rating and set a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Bank of America decreased their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Finally, Deutsche Bank Aktiengesellschaft set a $519.00 price target on shares of Lockheed Martin and gave the stock a “hold” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $515.35.

Lockheed Martin Stock Up 2.0%

Lockheed Martin stock opened at $505.20 on Tuesday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The firm has a market capitalization of $117.94 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 1.74 and a beta of 0.28. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The firm has a 50 day simple moving average of $473.51 and a 200 day simple moving average of $465.36.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same period in the previous year, the business earned $7.11 EPS. Lockheed Martin’s revenue was up .2% compared to the same quarter last year. On average, analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is presently 74.32%.

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.