Family Firm Inc. Buys New Stake in Lockheed Martin Co. (NYSE:LMT)

Family Firm Inc. bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 149 shares of the aerospace company’s stock, valued at approximately $70,000.

Other hedge funds also recently bought and sold shares of the company. HTLF Bank lifted its position in shares of Lockheed Martin by 3.7% during the 2nd quarter. HTLF Bank now owns 565 shares of the aerospace company’s stock worth $264,000 after purchasing an additional 20 shares during the last quarter. Goldstein Advisors LLC lifted its holdings in shares of Lockheed Martin by 1.2% during the second quarter. Goldstein Advisors LLC now owns 1,731 shares of the aerospace company’s stock worth $809,000 after buying an additional 21 shares during the last quarter. Hudock Inc. boosted its position in shares of Lockheed Martin by 1.3% in the first quarter. Hudock Inc. now owns 1,760 shares of the aerospace company’s stock valued at $801,000 after acquiring an additional 22 shares during the period. American Trust grew its stake in shares of Lockheed Martin by 1.8% in the first quarter. American Trust now owns 1,394 shares of the aerospace company’s stock worth $634,000 after acquiring an additional 24 shares during the last quarter. Finally, Missouri Trust & Investment Co increased its position in Lockheed Martin by 19.8% during the fourth quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock worth $68,000 after acquiring an additional 25 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction 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 transaction, the insider now owns 8,877 shares of the company’s stock, valued at $4,574,850.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Susquehanna increased their price target on shares of Lockheed Martin from $540.00 to $565.00 and gave the company a “positive” rating in a report on Wednesday, July 24th. UBS Group lifted their target price on Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised Lockheed Martin from a “hold” rating to a “buy” rating and upped their price target for the company from $540.00 to $600.00 in a report on Friday, July 26th. Barclays lifted their price objective on Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Finally, TD Cowen upgraded Lockheed Martin from a “hold” rating to a “buy” rating and upped their target price for the company from $480.00 to $560.00 in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $541.85.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $555.01 on Friday. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $564.22. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07. The stock has a fifty day moving average price of $504.16 and a two-hundred day moving average price of $469.09. The firm has a market capitalization of $133.17 billion, a P/E ratio of 20.31, a P/E/G ratio of 4.40 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. The business had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $6.73 EPS. As a group, analysts anticipate that Lockheed Martin Co. will post 26.71 EPS for the current fiscal 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 issued a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s payout ratio 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.