Sullivan Bruyette Speros & Blaney LLC grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,891 shares of the aerospace company’s stock after purchasing an additional 72 shares during the period. Sullivan Bruyette Speros & Blaney LLC’s holdings in Lockheed Martin were worth $1,778,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisors Preferred LLC acquired a new position in Lockheed Martin in the first quarter worth approximately $26,000. Heritage Wealth Advisors boosted its position in Lockheed Martin by 304.3% during the first quarter. Heritage Wealth Advisors now owns 93 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 70 shares during the period. Ellis Investment Partners LLC bought a new stake in Lockheed Martin during the first quarter worth approximately $29,000. Covenant Multifamily Offices LLC bought a new stake in Lockheed Martin during the first quarter worth approximately $36,000. Finally, Bremer Bank National Association bought a new stake in Lockheed Martin during the first quarter worth approximately $41,000. Institutional investors own 78.70% of the company’s stock.

In other news, Chairman Marillyn A. Hewson sold 19,500 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $369.14, for a total value of $7,198,230.00. Following the completion of the sale, the chairman now directly owns 46,534 shares of the company’s stock, valued at $17,177,560.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Maryanne Lavan sold 1,003 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $365.50, for a total value of $366,596.50. Following the completion of the sale, the senior vice president now directly owns 1,478 shares of the company’s stock, valued at $540,209. The disclosure for this sale can be found here. Insiders sold 22,503 shares of company stock valued at $8,292,527 over the last three months. 0.35% of the stock is owned by company insiders.

Shares of LMT traded up $2.01 during mid-day trading on Tuesday, hitting $382.48. The company’s stock had a trading volume of 18,726 shares, compared to its average volume of 1,139,086. Lockheed Martin Co. has a one year low of $241.18 and a one year high of $381.68. The company has a debt-to-equity ratio of 4.36, a quick ratio of 0.96 and a current ratio of 1.20. The firm has a market capitalization of $107.29 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 2.50 and a beta of 0.97. The stock’s 50-day moving average is $367.86 and its two-hundred day moving average is $332.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.26. Lockheed Martin had a return on equity of 297.37% and a net margin of 10.18%. The company had revenue of $14.42 billion during the quarter, compared to analysts’ expectations of $14.17 billion. During the same period in the prior year, the business earned $4.31 earnings per share. Lockheed Martin’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts expect that Lockheed Martin Co. will post 21.2 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a $2.20 dividend. The ex-dividend date is Friday, August 30th. This represents a $8.80 annualized dividend and a dividend yield of 2.30%. Lockheed Martin’s dividend payout ratio is 49.30%.

A number of equities research analysts have issued reports on LMT shares. ValuEngine raised Lockheed Martin from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Zacks Investment Research raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 target price for the company in a research report on Thursday, April 25th. Credit Suisse Group upped their target price on Lockheed Martin from $369.00 to $379.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. UBS Group upped their target price on Lockheed Martin from $385.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Robert W. Baird upped their target price on Lockheed Martin from $326.00 to $371.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $367.86.

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. 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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