Rothschild Capital Partners LLC cut its position in Lockheed Martin Corp. (NYSE:LMT) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,320 shares of the company’s stock after selling 12 shares during the period. Lockheed Martin Corp. makes up 3.2% of Rothschild Capital Partners LLC’s investment portfolio, making the stock its 14th largest position. Rothschild Capital Partners LLC’s holdings in Lockheed Martin Corp. were worth $6,035,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Americafirst Capital Management LLC bought a new position in Lockheed Martin Corp. during the second quarter worth $103,000. Zions Bancorporation increased its position in Lockheed Martin Corp. by 102.3% in the first quarter. Zions Bancorporation now owns 809 shares of the company’s stock worth $182,000 after buying an additional 409 shares during the period. Williams Jones & Associates LLC bought a new position in Lockheed Martin Corp. during the first quarter worth $185,000. Benjamin F. Edwards & Company Inc. increased its position in Lockheed Martin Corp. by 4.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 774 shares of the company’s stock worth $192,000 after buying an additional 33 shares during the period. Finally, Montrusco Bolton Investments Inc. bought a new position in Lockheed Martin Corp. during the second quarter worth $201,000. 81.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of Lockheed Martin Corp. (NYSE:LMT) traded up 1.15% on Thursday, reaching $246.62. 1,173,013 shares of the company’s stock were exchanged. Lockheed Martin Corp. has a 12 month low of $199.01 and a 12 month high of $266.93. The firm’s 50-day moving average price is $248.57 and its 200 day moving average price is $239.85. The company has a market cap of $74.70 billion, a price-to-earnings ratio of 20.54 and a beta of 0.58.
Lockheed Martin Corp. (NYSE:LMT) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.39. Lockheed Martin Corp. had a net margin of 7.37% and a return on equity of 119.66%. The firm had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.56 billion. During the same period in the previous year, the business earned $2.94 EPS. Equities research analysts predict that Lockheed Martin Corp. will post $11.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 1st will be paid a $1.82 dividend. This is a positive change from Lockheed Martin Corp.’s previous quarterly dividend of $1.65. This represents a $7.28 annualized dividend and a yield of 2.95%. Lockheed Martin Corp.’s payout ratio is presently 56.51%.
Several research firms have commented on LMT. Argus increased their target price on shares of Lockheed Martin Corp. from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, July 20th. Citigroup Inc. reissued a “buy” rating and set a $284.00 target price (up from $239.00) on shares of Lockheed Martin Corp. in a research report on Tuesday, September 6th. Zacks Investment Research raised shares of Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $288.00 target price on the stock in a research report on Monday, July 18th. Berenberg Bank downgraded shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating and increased their target price for the stock from $250.00 to $260.00 in a research report on Tuesday, May 31st. Finally, Jefferies Group reissued a “hold” rating on shares of Lockheed Martin Corp. in a research report on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Lockheed Martin Corp. currently has an average rating of “Hold” and a consensus target price of $257.32.
In other news, insider Sondra L. Barbour sold 66,460 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $255.74, for a total transaction of $16,996,480.40. Following 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Orlando D. Carvalho sold 12,700 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $254.78, for a total transaction of $3,235,706.00. Following the transaction, the insider now owns 29,120 shares in the company, valued at $7,419,193.60. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.
Lockheed Martin Corp. Company Profile
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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