Moors & Cabot Inc. Has $9.25 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

Moors & Cabot Inc. grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 0.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,793 shares of the aerospace company’s stock after purchasing an additional 109 shares during the period. Moors & Cabot Inc.’s holdings in Lockheed Martin were worth $9,245,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Aveo Capital Partners LLC grew its holdings in shares of Lockheed Martin by 4.1% in the 4th quarter. Aveo Capital Partners LLC now owns 661 shares of the aerospace company’s stock valued at $300,000 after acquiring an additional 26 shares in the last quarter. Gryphon Financial Partners LLC increased its position in shares of Lockheed Martin by 111.1% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,297 shares of the aerospace company’s stock worth $1,026,000 after purchasing an additional 1,209 shares during the last quarter. TrinityPoint Wealth LLC boosted its holdings in shares of Lockheed Martin by 9.5% in the 4th quarter. TrinityPoint Wealth LLC now owns 3,948 shares of the aerospace company’s stock valued at $1,789,000 after buying an additional 344 shares during the last quarter. Gladstone Institutional Advisory LLC increased its holdings in Lockheed Martin by 22.6% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 10,479 shares of the aerospace company’s stock worth $4,750,000 after buying an additional 1,932 shares during the last quarter. Finally, Paragon Private Wealth Management LLC raised its position in Lockheed Martin by 10.2% during the fourth quarter. Paragon Private Wealth Management LLC now owns 628 shares of the aerospace company’s stock worth $285,000 after acquiring an additional 58 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Melius raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective for the company in a research report on Tuesday, September 3rd. Bank of America reiterated a “buy” rating and set a $635.00 price target on shares of Lockheed Martin in a report on Friday, August 30th. Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. 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 note on Wednesday, July 24th. Finally, TD Cowen upgraded Lockheed Martin from a “hold” rating to a “buy” rating and increased their price target for the company from $480.00 to $560.00 in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $553.43.

Lockheed Martin Stock Up 0.5 %

LMT opened at $572.92 on Tuesday. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $578.73. The company has a market capitalization of $136.56 billion, a P/E ratio of 20.96, a P/E/G ratio of 4.55 and a beta of 0.47. The stock has a fifty day moving average of $537.11 and a 200-day moving average of $485.28. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24.

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. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The firm had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.05 billion. During the same quarter in the prior year, the business posted $6.73 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Lockheed Martin Co. will post 26.65 EPS for the current year.

Lockheed Martin Announces Dividend

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 issued 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 2.20%. Lockheed Martin’s dividend payout ratio is presently 46.10%.

Insider Activity

In related news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction dated 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 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 can be accessed through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin 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.