Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Triad Wealth Partners LLC

Triad Wealth Partners LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 130.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,156 shares of the aerospace company’s stock after buying an additional 654 shares during the period. Triad Wealth Partners LLC’s holdings in Lockheed Martin were worth $540,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LMT. Van ECK Associates Corp lifted its stake in shares of Lockheed Martin by 1,075.2% in the first quarter. Van ECK Associates Corp now owns 481,106 shares of the aerospace company’s stock worth $218,841,000 after acquiring an additional 440,169 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Lockheed Martin by 14.9% during the 4th quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock valued at $1,173,641,000 after acquiring an additional 336,588 shares during the last quarter. Confluence Investment Management LLC acquired a new stake in shares of Lockheed Martin during the 1st quarter valued at $151,402,000. Corient Private Wealth LLC lifted its holdings in shares of Lockheed Martin by 91.8% in the fourth quarter. Corient Private Wealth LLC now owns 574,017 shares of the aerospace company’s stock valued at $260,169,000 after purchasing an additional 274,680 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Lockheed Martin by 29.7% in the first quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company’s stock valued at $433,621,000 after purchasing an additional 218,506 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Bank of America raised shares of Lockheed Martin from a “neutral” rating to a “buy” rating and increased their target price for the stock from $465.00 to $635.00 in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and raised their price target for the stock from $540.00 to $600.00 in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their target price on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. The Goldman Sachs Group cut their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. Finally, Royal Bank of Canada raised shares of Lockheed Martin from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $500.00 to $600.00 in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $541.85.

Insider Activity

In other news, insider Timothy S. Cahill sold 3,975 shares of the company’s stock in a transaction that occurred 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 transaction, 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 at this link. Insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Down 0.0 %

LMT stock traded down $0.23 during trading on Friday, reaching $560.06. The stock had a trading volume of 911,463 shares, compared to its average volume of 1,086,350. The company’s 50 day moving average is $494.65 and its two-hundred day moving average is $464.33. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $134.38 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 4.40 and a beta of 0.46. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $564.22.

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, beating the consensus estimate of $6.45 by $0.66. The firm had revenue of $18.12 billion for the quarter, compared to analysts’ expectations of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $6.73 EPS. Equities research analysts forecast that Lockheed Martin Co. will post 26.71 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders 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 is Tuesday, September 3rd. Lockheed Martin’s payout ratio is 46.10%.

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.