Savant Capital LLC raised its position in shares of Lockheed Martin Corp. (NYSE:LMT) by 13.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,626 shares of the company’s stock after buying an additional 192 shares during the period. Savant Capital LLC’s holdings in Lockheed Martin Corp. were worth $404,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Sabal Trust CO raised its position in Lockheed Martin Corp. by 1.2% in the second quarter. Sabal Trust CO now owns 107,442 shares of the company’s stock worth $26,664,000 after buying an additional 1,232 shares during the period. Huntington National Bank raised its position in Lockheed Martin Corp. by 1,630.7% in the second quarter. Huntington National Bank now owns 100,068 shares of the company’s stock worth $24,834,000 after buying an additional 94,286 shares during the period. Standard Life Investments LTD raised its position in Lockheed Martin Corp. by 1.2% in the second quarter. Standard Life Investments LTD now owns 292,788 shares of the company’s stock worth $72,698,000 after buying an additional 3,573 shares during the period. Advisory Services Network LLC raised its position in Lockheed Martin Corp. by 126.8% in the second quarter. Advisory Services Network LLC now owns 8,797 shares of the company’s stock worth $2,183,000 after buying an additional 4,919 shares during the period. Finally, Crossvault Capital Management LLC raised its position in Lockheed Martin Corp. by 2.5% in the second quarter. Crossvault Capital Management LLC now owns 3,611 shares of the company’s stock worth $896,000 after buying an additional 89 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.
Shares of Lockheed Martin Corp. (NYSE:LMT) traded down 0.21% during midday trading on Wednesday, hitting $236.60. The stock had a trading volume of 1,172,062 shares. The stock has a market cap of $71.67 billion, a PE ratio of 19.70 and a beta of 0.59. Lockheed Martin Corp. has a one year low of $200.47 and a one year high of $266.93. The firm has a 50 day moving average price of $244.26 and a 200 day moving average price of $241.66.
Lockheed Martin Corp. (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 19th. The company reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.39. The business earned $12.90 billion during the quarter, compared to analysts’ expectations of $12.56 billion. Lockheed Martin Corp. had a return on equity of 119.66% and a net margin of 7.37%. During the same period in the prior year, the business posted $2.94 EPS. On average, equities analysts forecast that Lockheed Martin Corp. will post $11.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 1st will be issued a dividend of $1.82 per share. The ex-dividend date is Tuesday, November 29th. This is a boost from Lockheed Martin Corp.’s previous quarterly dividend of $1.65. This represents a $7.28 dividend on an annualized basis and a dividend yield of 3.08%. Lockheed Martin Corp.’s dividend payout ratio is currently 56.51%.
A number of brokerages recently issued reports on LMT. Drexel Hamilton restated a “buy” rating and issued a $284.00 price target on shares of Lockheed Martin Corp. in a research report on Wednesday, July 20th. Robert W. Baird began coverage on Lockheed Martin Corp. in a research report on Wednesday. They issued an “outperform” rating for the company. Zacks Investment Research upgraded Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $279.00 price target for the company in a research report on Tuesday, July 5th. Jefferies Group restated a “hold” rating on shares of Lockheed Martin Corp. in a research report on Wednesday, August 3rd. Finally, Argus raised their price target on Lockheed Martin Corp. from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $258.43.
In other news, insider Sondra L. Barbour sold 66,460 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $255.74, for a total transaction of $16,996,480.40. Following the completion of the transaction, the insider now directly owns 31,200 shares in the company, valued at approximately $7,979,088. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Orlando D. Carvalho sold 12,700 shares of the stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $254.78, for a total value of $3,235,706.00. Following the transaction, the insider now owns 29,120 shares of the company’s stock, valued at $7,419,193.60. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
About Lockheed Martin Corp.
Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research, design, integration and sustainment of advanced technology systems, products and services. It operates in five segments: Aeronautics; Information Systems & Global Solutions (IS&GS); Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems.
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