Rhumbline Advisers grew its position in Lockheed Martin Co. (NYSE:LMT) by 0.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 413,265 shares of the aerospace company’s stock after acquiring an additional 555 shares during the quarter. Rhumbline Advisers owned about 0.15% of Lockheed Martin worth $122,091,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of Lockheed Martin by 55.2% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 450 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 160 shares during the period. Franklin Street Advisors Inc. NC lifted its holdings in shares of Lockheed Martin by 0.6% during the second quarter. Franklin Street Advisors Inc. NC now owns 26,660 shares of the aerospace company’s stock worth $7,876,000 after purchasing an additional 168 shares during the period. OLD National Bancorp IN lifted its holdings in shares of Lockheed Martin by 1.4% during the second quarter. OLD National Bancorp IN now owns 12,154 shares of the aerospace company’s stock worth $3,591,000 after purchasing an additional 170 shares during the period. Summit Financial Strategies Inc. lifted its holdings in shares of Lockheed Martin by 19.4% during the second quarter. Summit Financial Strategies Inc. now owns 1,046 shares of the aerospace company’s stock worth $309,000 after purchasing an additional 170 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Lockheed Martin by 7.0% during the first quarter. Sunbelt Securities Inc. now owns 2,603 shares of the aerospace company’s stock worth $880,000 after purchasing an additional 171 shares during the period. 78.23% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman Marillyn A. Hewson sold 25,000 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $323.68, for a total value of $8,092,000.00. Following the completion of the transaction, the chairman now owns 90,625 shares in the company, valued at $29,333,500. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Maryanne Lavan sold 7,250 shares of the firm’s stock in a transaction on Wednesday, July 25th. The shares were sold at an average price of $323.64, for a total value of $2,346,390.00. Following the completion of the transaction, the senior vice president now owns 9,869 shares of the company’s stock, valued at approximately $3,194,003.16. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Several brokerages recently weighed in on LMT. Zacks Investment Research downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Berenberg Bank raised Lockheed Martin from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Bank of America increased their price target on Lockheed Martin from $400.00 to $412.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Credit Suisse Group increased their price target on Lockheed Martin from $355.00 to $340.00 and gave the stock a “neutral” rating in a report on Wednesday, July 25th. Finally, Sanford C. Bernstein increased their price objective on Lockheed Martin from $349.00 to $356.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 25th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Lockheed Martin currently has a consensus rating of “Buy” and an average price target of $370.38.

Lockheed Martin opened at $313.12 on Friday, MarketBeat reports. The firm has a market capitalization of $89.91 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 2.50 and a beta of 0.71. The company has a debt-to-equity ratio of 28.14, a current ratio of 1.19 and a quick ratio of 0.97. Lockheed Martin Co. has a 1 year low of $291.52 and a 1 year high of $363.00.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 24th. The aerospace company reported $4.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.92 by $0.39. The firm had revenue of $13.40 billion during the quarter, compared to analysts’ expectations of $12.72 billion. Lockheed Martin had a return on equity of 944.31% and a net margin of 5.00%. Lockheed Martin’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.23 earnings per share. sell-side analysts anticipate that Lockheed Martin Co. will post 17.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Tuesday, September 4th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Friday, August 31st. Lockheed Martin’s payout ratio is 60.02%.

Lockheed Martin 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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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