Raymond James Trust N.A. Buys 514 Shares of Lockheed Martin Co. (NYSE:LMT)

Raymond James Trust N.A. grew its position in Lockheed Martin Co. (NYSE:LMT) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,456 shares of the aerospace company’s stock after purchasing an additional 514 shares during the period. Raymond James Trust N.A.’s holdings in Lockheed Martin were worth $13,292,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LMT. Capital Advisors Ltd. LLC raised its holdings in Lockheed Martin by 6.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,051 shares of the aerospace company’s stock worth $491,000 after buying an additional 61 shares during the period. Aljian Capital Management LLC lifted its stake in Lockheed Martin by 4.7% in the 2nd quarter. Aljian Capital Management LLC now owns 9,595 shares of the aerospace company’s stock valued at $4,482,000 after acquiring an additional 434 shares in the last quarter. Northcape Wealth Management LLC raised its holdings in shares of Lockheed Martin by 10.8% in the second quarter. Northcape Wealth Management LLC now owns 1,361 shares of the aerospace company’s stock valued at $636,000 after purchasing an additional 133 shares during the last quarter. AMG National Trust Bank grew its position in Lockheed Martin by 13.4% in the second quarter. AMG National Trust Bank now owns 1,900 shares of the aerospace company’s stock valued at $888,000 after purchasing an additional 225 shares in the last quarter. Finally, Tempus Wealth Planning LLC lifted its position in Lockheed Martin by 12.6% during the 2nd quarter. Tempus Wealth Planning LLC now owns 780 shares of the aerospace company’s stock worth $364,000 after buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.4 %

Shares of NYSE LMT traded down $2.02 during midday trading on Friday, reaching $555.01. The stock had a trading volume of 870,355 shares, compared to its average volume of 1,078,855. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $564.22. The company’s 50 day moving average price is $504.16 and its 200 day moving average price is $469.36. The firm has a market cap of $133.17 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 4.40 and a beta of 0.46. 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 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 firm had revenue of $18.12 billion during the quarter, compared to analyst estimates of $17.05 billion. During the same period last year, the company posted $6.73 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.71 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. Stockholders of record on Tuesday, September 3rd will be given a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.27%. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Royal Bank of Canada raised Lockheed Martin from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $500.00 to $600.00 in a report on Monday, August 5th. Susquehanna upped their price objective 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. Morgan Stanley raised their price objective on shares of Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Finally, Barclays boosted 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $541.85.

Insider Transactions at Lockheed Martin

In related news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction on 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 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 accessible through the SEC website. 0.17% of the stock is owned by insiders.

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.