MRA Associates USA LLC Buys Shares of 104 Lockheed Martin Co. (NYSE:LMT)

MRA Associates USA LLC acquired a new stake in Lockheed Martin Co. (NYSE:LMT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 104 shares of the aerospace company’s stock, valued at approximately $38,000.

Several other hedge funds have also added to or reduced their stakes in LMT. Thoroughbred Financial Services LLC lifted its stake in shares of Lockheed Martin by 38,923.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,341,221 shares of the aerospace company’s stock valued at $134,122,000 after purchasing an additional 1,337,784 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Lockheed Martin by 25.3% in the 4th quarter. Geode Capital Management LLC now owns 3,422,800 shares of the aerospace company’s stock valued at $894,874,000 after purchasing an additional 691,751 shares during the last quarter. Waverton Investment Management Ltd lifted its stake in shares of Lockheed Martin by 159.0% in the 2nd quarter. Waverton Investment Management Ltd now owns 235,976 shares of the aerospace company’s stock valued at $85,787,000 after purchasing an additional 144,869 shares during the last quarter. Rothschild & Co. Asset Management US Inc. acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at $32,316,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Lockheed Martin by 76,921.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 53,915 shares of the aerospace company’s stock valued at $19,600,000 after purchasing an additional 53,845 shares during the last quarter. 78.70% of the stock is owned by institutional investors and hedge funds.

In related news, Director James D. Taiclet, Jr. acquired 1,354 shares of the company’s stock in a transaction dated 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 acquisition, the director now owns 1,354 shares in the company, valued at approximately $509,537.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Maryanne Lavan sold 1,003 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $365.50, for a total transaction of $366,596.50. Following the transaction, the senior vice president now owns 1,478 shares in the company, valued at approximately $540,209. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,503 shares of company stock valued at $8,292,527. Company insiders own 0.35% of the company’s stock.



Lockheed Martin stock traded down $3.43 on Friday, reaching $382.45. 267,030 shares of the stock were exchanged, compared to its average volume of 1,050,629. The stock has a market cap of $107.77 billion, a PE ratio of 21.43, a PEG ratio of 2.53 and a beta of 0.97. The company has a current ratio of 1.20, a quick ratio of 0.96 and a debt-to-equity ratio of 4.36. Lockheed Martin Co. has a twelve month low of $241.18 and a twelve month high of $386.65. The firm has a fifty day moving average price of $368.93 and a two-hundred day moving average price of $334.36.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.74 by $0.26. The firm had revenue of $14.42 billion during the quarter, compared to analyst estimates of $14.17 billion. Lockheed Martin had a net margin of 10.18% and a return on equity of 297.37%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.31 EPS. Equities analysts anticipate that Lockheed Martin Co. will post 21.2 EPS for the current fiscal year.

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

LMT has been the subject of several analyst reports. Zacks Investment Research raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 price objective for the company in a research note on Thursday, April 25th. Morgan Stanley lifted their price objective on shares of Lockheed Martin from $356.00 to $376.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Credit Suisse Group lifted their price objective on shares of Lockheed Martin from $369.00 to $379.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. DZ Bank reaffirmed a “hold” rating on shares of Lockheed Martin in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Lockheed Martin from $360.00 to $395.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Lockheed Martin currently has an average rating of “Buy” and an average target price of $367.86.

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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