Stephens Inc. AR Buys 11,566 Shares of Lockheed Martin Co. (NYSE:LMT)

Stephens Inc. AR increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 80.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,897 shares of the aerospace company’s stock after purchasing an additional 11,566 shares during the quarter. Stephens Inc. AR’s holdings in Lockheed Martin were worth $9,415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Lockheed Martin by 25.3% in the fourth quarter. Geode Capital Management LLC now owns 3,422,800 shares of the aerospace company’s stock valued at $894,874,000 after acquiring an additional 691,751 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in Lockheed Martin by 38,923.0% in the second quarter. Thoroughbred Financial Services LLC now owns 1,341,221 shares of the aerospace company’s stock valued at $134,122,000 after acquiring an additional 1,337,784 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Lockheed Martin by 1.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,035,403 shares of the aerospace company’s stock valued at $310,787,000 after acquiring an additional 18,777 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Lockheed Martin by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 680,087 shares of the aerospace company’s stock valued at $178,074,000 after acquiring an additional 37,194 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in Lockheed Martin by 3.7% in the first quarter. Eagle Asset Management Inc. now owns 428,151 shares of the aerospace company’s stock valued at $128,513,000 after acquiring an additional 15,359 shares during the last quarter. 78.55% of the stock is currently owned by institutional investors and hedge funds.

LMT has been the topic of a number of recent research reports. Cowen reaffirmed a “buy” rating and issued a $360.00 price objective on shares of Lockheed Martin in a research note on Wednesday, April 24th. ValuEngine upgraded shares of Lockheed Martin from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Robert W. Baird increased their target price on shares of Lockheed Martin from $326.00 to $371.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Credit Suisse Group increased their target price on shares of Lockheed Martin from $369.00 to $379.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, UBS Group increased their target price on shares of Lockheed Martin from $385.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $367.86.



In related news, SVP Maryanne Lavan sold 1,003 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $365.50, for a total transaction of $366,596.50. Following the sale, the senior vice president now directly owns 1,478 shares in the company, valued at $540,209. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James D. Taiclet, Jr. acquired 1,354 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $376.32 per share, for a total transaction of $509,537.28. Following the completion of the acquisition, the director now owns 1,354 shares of the company’s stock, valued at $509,537.28. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 22,503 shares of company stock worth $8,292,527. 0.35% of the stock is currently owned by company insiders.

Shares of NYSE:LMT traded up $1.41 during midday trading on Thursday, reaching $370.35. 21,832 shares of the company were exchanged, compared to its average volume of 1,221,291. Lockheed Martin Co. has a fifty-two week low of $241.18 and a fifty-two week high of $381.51. 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 stock’s fifty day moving average price is $366.41. The firm has a market cap of $106.46 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.50 and a beta of 0.97.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $5.00 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.26. Lockheed Martin had a net margin of 10.18% and a return on equity of 297.37%. The business had revenue of $14.42 billion for the quarter, compared to analyst estimates of $14.17 billion. During the same period last year, the business posted $4.31 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, analysts expect that Lockheed Martin Co. will post 21.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be issued a dividend of $2.20 per share. The ex-dividend date is Friday, August 30th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.38%. Lockheed Martin’s payout ratio is 49.30%.

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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