Pinion Investment Advisors LLC Decreases Position in Lockheed Martin Co. (NYSE:LMT)

Pinion Investment Advisors LLC decreased its stake in Lockheed Martin Co. (NYSE:LMT) by 2.3% in the second quarter, Holdings Channel.com reports. The firm owned 1,987 shares of the aerospace company’s stock after selling 47 shares during the period. Pinion Investment Advisors LLC’s holdings in Lockheed Martin were worth $928,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Aveo Capital Partners LLC raised its position in Lockheed Martin by 4.1% in the 4th quarter. Aveo Capital Partners LLC now owns 661 shares of the aerospace company’s stock worth $300,000 after purchasing an additional 26 shares during the period. Gryphon Financial Partners LLC grew its stake in shares of Lockheed Martin by 111.1% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,297 shares of the aerospace company’s stock valued at $1,026,000 after buying an additional 1,209 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of Lockheed Martin by 96.3% in the fourth quarter. Fiera Capital Corp now owns 2,320 shares of the aerospace company’s stock worth $1,052,000 after buying an additional 1,138 shares during the period. First Heartland Consultants Inc. lifted its stake in shares of Lockheed Martin by 11.9% during the 4th quarter. First Heartland Consultants Inc. now owns 953 shares of the aerospace company’s stock worth $432,000 after acquiring an additional 101 shares during the last quarter. Finally, Financial Advocates Investment Management boosted its holdings in Lockheed Martin by 5.1% during the 4th quarter. Financial Advocates Investment Management now owns 3,322 shares of the aerospace company’s stock valued at $1,506,000 after acquiring an additional 162 shares during the period. Institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In related news, insider Timothy S. Cahill sold 3,975 shares of the company’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 value of $2,048,556.00. Following the sale, the insider now owns 8,877 shares in the company, valued at $4,574,850.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $569.91 on Friday. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $578.73. The business’s fifty day simple moving average is $534.89 and its 200-day simple moving average is $483.90. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. The company has a market cap of $135.84 billion, a PE ratio of 20.85, a PEG ratio of 4.55 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last released its earnings results 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. The company had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. Lockheed Martin’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.73 EPS. Analysts expect that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be issued a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is presently 46.10%.

Analysts Set New Price Targets

Several analysts have recently weighed in on LMT shares. Morgan Stanley lifted their target price on Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Barclays lifted their price objective on shares of Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Wells Fargo & Company upped their target price on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. TD Cowen raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and lifted their price target for the company from $480.00 to $560.00 in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. increased 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $553.43.

About Lockheed Martin

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.