Demars Financial Group LLC Sells 1,316 Shares of Lockheed Martin Co. (NYSE:LMT)

Demars Financial Group LLC cut its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 58.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 919 shares of the aerospace company’s stock after selling 1,316 shares during the quarter. Demars Financial Group LLC’s holdings in Lockheed Martin were worth $429,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Pacific Financial acquired a new stake in Lockheed Martin during the 1st quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at $26,000. Wiser Advisor Group LLC raised its holdings in shares of Lockheed Martin by 65.8% in the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after buying an additional 25 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Lockheed Martin during the 1st quarter worth about $30,000. Finally, Thompson Investment Management Inc. bought a new stake in Lockheed Martin during the 1st quarter worth about $38,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Buying and Selling

In other news, insider Timothy S. Cahill sold 3,975 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Stock Down 0.0 %

Shares of Lockheed Martin stock traded down $0.16 on Friday, hitting $560.13. The company had a trading volume of 912,022 shares, compared to its average volume of 1,086,350. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month 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 50-day moving average of $494.65 and a 200-day moving average of $464.80. The firm has a market capitalization of $134.40 billion, a P/E ratio of 20.50, a P/E/G ratio of 4.40 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share 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 during the quarter, compared to analysts’ expectations of $17.05 billion. During the same period in the prior year, the firm earned $6.73 earnings per share. Lockheed Martin’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts predict that Lockheed Martin Co. will post 26.71 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Citigroup upped their price objective on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada raised Lockheed Martin from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $500.00 to $600.00 in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Lockheed Martin from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $540.00 to $600.00 in a research report on Friday, July 26th. JPMorgan Chase & Co. upped their target price on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, UBS Group raised their target price on shares of Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $541.85.

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.