D Orazio & Associates Inc. Sells 953 Shares of Lockheed Martin Co. (NYSE:LMT)

D Orazio & Associates Inc. lessened its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 8.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,385 shares of the aerospace company's stock after selling 953 shares during the period. Lockheed Martin makes up about 0.7% of D Orazio & Associates Inc.'s investment portfolio, making the stock its 20th largest holding. D Orazio & Associates Inc.'s holdings in Lockheed Martin were worth $4,851,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Aveo Capital Partners LLC boosted its stake in Lockheed Martin by 4.1% during the 4th quarter. Aveo Capital Partners LLC now owns 661 shares of the aerospace company's stock valued at $300,000 after purchasing an additional 26 shares during the last quarter. Gryphon Financial Partners LLC increased its holdings in Lockheed Martin by 111.1% in the 4th quarter. Gryphon Financial Partners LLC now owns 2,297 shares of the aerospace company's stock worth $1,026,000 after buying an additional 1,209 shares in the last quarter. Foundations Investment Advisors LLC raised its position in Lockheed Martin by 41.1% in the 4th quarter. Foundations Investment Advisors LLC now owns 13,033 shares of the aerospace company's stock worth $5,601,000 after buying an additional 3,795 shares during the last quarter. Apexium Financial LP lifted its stake in Lockheed Martin by 32.1% during the 4th quarter. Apexium Financial LP now owns 777 shares of the aerospace company's stock valued at $352,000 after acquiring an additional 189 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Lockheed Martin by 4.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,902 shares of the aerospace company's stock valued at $862,000 after acquiring an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the firm'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 transaction of $2,048,556.00. Following the completion of the transaction, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.17% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on LMT. Melius upgraded shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 price objective on the stock in a research report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft raised Lockheed Martin from a "hold" rating to a "buy" rating and increased their price target for the company from $540.00 to $600.00 in a report on Friday, July 26th. TD Cowen raised Lockheed Martin from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $480.00 to $560.00 in a report on Wednesday, July 24th. Susquehanna increased their target price on Lockheed Martin from $540.00 to $565.00 and gave the company a "positive" rating in a report on Wednesday, July 24th. Finally, Bank of America reissued a "buy" rating and issued a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $553.43.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded up $1.31 during trading hours on Thursday, hitting $568.27. The company's stock had a trading volume of 737,100 shares, compared to its average volume of 1,063,152. The business has a 50 day moving average price of $530.69 and a two-hundred day moving average price of $481.95. The company has a market cap of $136.35 billion, a PE ratio of 20.73, a PEG ratio of 4.55 and a beta of 0.47. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $578.73. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly 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. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $17.05 billion. During the same period in the prior year, the company posted $6.73 EPS. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts expect that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

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 paid a $3.15 dividend. This represents a $12.60 annualized dividend and a yield of 2.22%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin's payout ratio is currently 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.