Eubel Brady & Suttman Asset Management Inc. Cuts Holdings in Lockheed Martin Co. (NYSE:LMT)

Eubel Brady & Suttman Asset Management Inc. decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,521 shares of the aerospace company's stock after selling 2,418 shares during the quarter. Lockheed Martin comprises about 3.5% of Eubel Brady & Suttman Asset Management Inc.'s portfolio, making the stock its 9th biggest holding. Eubel Brady & Suttman Asset Management Inc.'s holdings in Lockheed Martin were worth $24,533,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. First Pacific Financial purchased a new stake in shares of Lockheed Martin in the first quarter valued at about $25,000. Sachetta LLC raised its holdings in Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 20 shares in the last quarter. Wiser Advisor Group LLC raised its holdings in Lockheed Martin by 65.8% in the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 25 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in Lockheed Martin in the first quarter valued at approximately $30,000. Finally, Stephens Consulting LLC raised its holdings in Lockheed Martin by 48.9% in the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company's stock valued at $31,000 after acquiring an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Insiders Place Their Bets

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the firm'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 transaction, the insider now directly owns 8,877 shares of the company's stock, valued at approximately $4,574,850.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by company insiders.

Lockheed Martin Trading Down 0.8 %

LMT traded down $4.38 during midday trading on Tuesday, hitting $572.19. The company's stock had a trading volume of 756,148 shares, compared to its average volume of 1,066,473. 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 firm has a market cap of $136.39 billion, a P/E ratio of 20.94, a PEG ratio of 4.55 and a beta of 0.47. The firm has a 50-day moving average price of $528.67 and a two-hundred day moving average price of $481.35. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $578.73.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its 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. The business had revenue of $18.12 billion during the quarter, compared to analysts' expectations of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.73 EPS. On average, research analysts anticipate that Lockheed Martin Co. will post 26.65 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced 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. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin's payout ratio is 46.10%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LMT. Melius raised shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 target price on the stock in a report on Tuesday, September 3rd. Morgan Stanley raised their target price 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. Susquehanna raised their target price 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. UBS Group lifted their price objective on shares of Lockheed Martin from $511.00 to $538.00 and gave the company a "neutral" rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an "overweight" rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Lockheed Martin presently has an average 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.