F M Investments LLC Buys New Stake in Lockheed Martin Co. (NYSE:LMT)

F M Investments LLC acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,855 shares of the aerospace company’s stock, valued at approximately $4,136,000.

Other institutional investors have also bought and sold shares of the company. GUNN & Co INVESTMENT MANAGEMENT INC. raised its holdings in Lockheed Martin by 1,454.4% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 80,329 shares of the aerospace company’s stock worth $36,408,000 after purchasing an additional 75,161 shares in the last quarter. Bailard Inc. bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $220,000. Russell Investments Group Ltd. lifted its position in shares of Lockheed Martin by 72.4% during the 4th quarter. Russell Investments Group Ltd. now owns 49,054 shares of the aerospace company’s stock valued at $22,230,000 after acquiring an additional 20,594 shares during the last quarter. Silver Oak Securities Incorporated boosted its stake in shares of Lockheed Martin by 122.2% during the 4th quarter. Silver Oak Securities Incorporated now owns 1,755 shares of the aerospace company’s stock worth $796,000 after acquiring an additional 965 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of Lockheed Martin by 28.6% during the fourth quarter. Mather Group LLC. now owns 1,283 shares of the aerospace company’s stock valued at $581,000 after purchasing an additional 285 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Activity

In related news, insider Timothy S. Cahill sold 3,975 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were 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 directly 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 through this link. Insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Up 0.2 %

Shares of LMT traded up $1.25 during mid-day trading on Friday, hitting $568.10. 1,082,151 shares of the company’s stock were exchanged, compared to its average volume of 1,071,266. The stock has a market cap of $136.31 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 4.40 and a beta of 0.46. The firm has a fifty day moving average of $512.23 and a two-hundred day moving average of $472.54. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $569.09.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, beating the consensus estimate of $6.45 by $0.66. The company had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $6.73 earnings per share. On average, sell-side analysts forecast that Lockheed Martin Co. will post 26.71 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.22%. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Susquehanna lifted their price objective on shares of Lockheed Martin from $540.00 to $565.00 and gave the stock a “positive” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and boosted their target price for the company from $540.00 to $600.00 in a research note on Friday, July 26th. TD Cowen raised Lockheed Martin from a “hold” rating to a “buy” rating and raised their target price for the stock from $480.00 to $560.00 in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company upped their price target on Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $541.85.

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.