Vanguard Personalized Indexing Management LLC Grows Holdings in Lockheed Martin Co. (NYSE:LMT)

Vanguard Personalized Indexing Management LLC grew its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 18.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,429 shares of the aerospace company's stock after buying an additional 3,681 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Lockheed Martin were worth $10,921,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LMT. Aveo Capital Partners LLC lifted its stake in shares of Lockheed Martin by 4.1% during 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 last quarter. Gryphon Financial Partners LLC grew its position in shares of 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 during the last quarter. TrinityPoint Wealth LLC raised its stake in shares of Lockheed Martin by 9.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,948 shares of the aerospace company's stock worth $1,789,000 after acquiring an additional 344 shares in the last quarter. Clearbridge Investments LLC lifted its position in Lockheed Martin by 1.2% during the fourth quarter. Clearbridge Investments LLC now owns 59,743 shares of the aerospace company's stock valued at $27,078,000 after acquiring an additional 727 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in Lockheed Martin by 3.0% in the fourth quarter. D.A. Davidson & CO. now owns 40,250 shares of the aerospace company's stock valued at $18,243,000 after acquiring an additional 1,180 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

NYSE:LMT traded down $1.52 during trading hours on Wednesday, reaching $565.49. 731,655 shares of the company were exchanged, compared to its average volume of 1,054,572. The stock's 50-day moving average is $539.25 and its 200-day moving average is $486.27. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $578.73. The firm has a market cap of $135.68 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 4.55 and a beta of 0.47. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, beating 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 firm 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 earned $6.73 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a $3.15 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.23%. Lockheed Martin's dividend payout ratio (DPR) is presently 46.10%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LMT. Deutsche Bank Aktiengesellschaft raised Lockheed Martin from a "hold" rating to a "buy" rating and upped their price target for the stock from $540.00 to $600.00 in a research report on Friday, July 26th. UBS Group raised their price target on Lockheed Martin from $511.00 to $538.00 and gave the stock a "neutral" rating in a report on Wednesday, July 24th. Melius raised shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 price objective for the company in a research report on Tuesday, September 3rd. Barclays raised their price target on shares of Lockheed Martin from $480.00 to $505.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 30th. Finally, TD Cowen raised shares of Lockheed Martin from a "hold" rating to a "buy" rating and boosted their price objective for the company from $480.00 to $560.00 in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $553.43.

Insiders Place Their Bets

In related news, insider Timothy S. Cahill sold 3,975 shares of the firm's stock in a transaction dated 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 $4,574,850.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

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.