Powers Advisory Group LLC Buys 30 Shares of Lockheed Martin Co. (NYSE:LMT)

Powers Advisory Group LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,574 shares of the aerospace company’s stock after purchasing an additional 30 shares during the period. Lockheed Martin makes up 1.2% of Powers Advisory Group LLC’s holdings, making the stock its 19th biggest holding. Powers Advisory Group LLC’s holdings in Lockheed Martin were worth $2,137,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Franklin Resources Inc. boosted its stake in Lockheed Martin by 14.9% in the fourth quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock valued at $1,173,641,000 after buying an additional 336,588 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Lockheed Martin by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,038,161 shares of the aerospace company’s stock valued at $470,536,000 after buying an additional 27,349 shares in the last quarter. Capital Research Global Investors boosted its stake in Lockheed Martin by 29.7% in the first quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company’s stock valued at $433,621,000 after buying an additional 218,506 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Lockheed Martin by 1.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 716,832 shares of the aerospace company’s stock valued at $324,897,000 after buying an additional 9,136 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in Lockheed Martin by 91.8% in the fourth quarter. Corient Private Wealth LLC now owns 574,017 shares of the aerospace company’s stock valued at $260,169,000 after buying an additional 274,680 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 transaction 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 is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised Lockheed Martin from a “hold” rating to a “buy” rating and lifted their price target for the company from $540.00 to $600.00 in a research note on Friday, July 26th. Barclays lifted their price target on Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. 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 research note on Friday, August 9th. Finally, Wells Fargo & Company lifted their price target on Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus price target of $541.85.

Lockheed Martin Trading Down 0.4 %

LMT stock traded down $2.02 during mid-day trading on Friday, reaching $555.01. The company’s stock had a trading volume of 864,742 shares, compared to its average volume of 1,078,855. The company has a market cap of $133.17 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 4.40 and a beta of 0.46. The business’s 50 day moving average price is $502.22 and its 200 day moving average price is $467.87. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $564.22.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share 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 the consensus estimate of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $6.73 earnings per share. On average, equities research analysts predict that Lockheed Martin Co. will post 26.71 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.27%. 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.