Stanley Laman Group Ltd. Has $4.08 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Stanley Laman Group Ltd. raised its position in shares of Lockheed Martin Co. (NYSE:LMT) by 4.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,729 shares of the aerospace company’s stock after purchasing an additional 407 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Lockheed Martin were worth $4,077,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Hudock Inc. grew its stake in Lockheed Martin by 1.3% during the 1st quarter. Hudock Inc. now owns 1,760 shares of the aerospace company’s stock valued at $801,000 after acquiring an additional 22 shares in the last quarter. American Trust increased its stake in Lockheed Martin by 1.8% in the 1st quarter. American Trust now owns 1,394 shares of the aerospace company’s stock valued at $634,000 after buying an additional 24 shares during the period. Hunter Associates Investment Management LLC lifted its position in Lockheed Martin by 1.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock worth $912,000 after buying an additional 25 shares in the last quarter. Missouri Trust & Investment Co boosted its stake in shares of Lockheed Martin by 19.8% during the 4th quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock valued at $68,000 after buying an additional 25 shares during the period. Finally, Rowlandmiller & PARTNERS.ADV grew its holdings in shares of Lockheed Martin by 7.1% during the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 377 shares of the aerospace company’s stock valued at $171,000 after acquiring an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded down $0.16 during midday trading on Friday, hitting $560.13. The company’s stock had a trading volume of 912,022 shares, compared to its average volume of 1,086,350. 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’s 50 day simple moving average is $494.65 and its 200 day simple moving average is $464.33. The stock has a market capitalization of $134.40 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 4.40 and a beta of 0.46. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $564.22.

Lockheed Martin (NYSE:LMT) last issued its quarterly 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 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 period in the previous year, the business posted $6.73 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts anticipate that Lockheed Martin Co. will post 26.71 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LMT. TD Cowen upgraded Lockheed Martin from a “hold” rating to a “buy” rating and increased their price objective for the stock from $480.00 to $560.00 in a report on Wednesday, July 24th. Morgan Stanley lifted their price target on Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. The Goldman Sachs Group cut their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. lifted their target price on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Barclays increased their price target 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and an average target price of $541.85.

Insiders Place Their Bets

In related news, insider Timothy S. Cahill sold 3,975 shares of the stock in a transaction dated Wednesday, July 24th. The shares were 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.17% of the company’s stock.

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.