Lockheed Martin Co. (NYSE:LMT) Shares Bought by LSV Asset Management

LSV Asset Management raised its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 3.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 505,427 shares of the aerospace company's stock after purchasing an additional 16,280 shares during the period. LSV Asset Management owned about 0.21% of Lockheed Martin worth $236,085,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of LMT. First Pacific Financial bought a new position in shares of Lockheed Martin in the 1st quarter worth $25,000. Wiser Advisor Group LLC grew its stake in Lockheed Martin by 65.8% during the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company's stock valued at $29,000 after purchasing an additional 25 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Lockheed Martin in the 1st quarter valued at about $30,000. Stephens Consulting LLC lifted its holdings in shares of Lockheed Martin by 48.9% in the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company's stock valued at $31,000 after buying an additional 22 shares during the period. Finally, Ridgewood Investments LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at about $35,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Down 0.3 %

Lockheed Martin stock traded down $1.96 during midday trading on Friday, reaching $566.63. The company's stock had a trading volume of 976,688 shares, compared to its average volume of 1,069,765. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $578.73. 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 cap of $135.96 billion, a P/E ratio of 20.73, a P/E/G ratio of 4.56 and a beta of 0.47. The business has a 50-day simple moving average of $524.33 and a 200-day simple moving average of $479.32.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $17.05 billion. During the same quarter last year, the company posted $6.73 earnings per share. The business's revenue was up 8.6% on a year-over-year basis. On average, research analysts expect that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders 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 yield of 2.22%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin's dividend payout ratio is presently 46.10%.

Insider Buying and Selling at Lockheed Martin

In other news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction that occurred 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 in the company, valued at approximately $4,574,850.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of analyst reports. Royal Bank of Canada raised Lockheed Martin from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $500.00 to $600.00 in a report on Monday, August 5th. Morgan Stanley increased their target price on Lockheed Martin from $503.00 to $599.00 and gave the company an "equal weight" rating in a report on Friday, August 9th. Barclays increased their target price on Lockheed Martin from $480.00 to $505.00 and gave the company an "equal weight" rating in a report on Tuesday, July 30th. Bank of America reissued a "buy" rating and set a $635.00 target price on shares of Lockheed Martin in a report on Friday, August 30th. Finally, UBS Group upped their price target on Lockheed Martin from $511.00 to $538.00 and gave the company a "neutral" rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $553.43.

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.