Strategic Wealth Partners Ltd. Acquires New Holdings in Lockheed Martin Co. (NYSE:LMT)

Strategic Wealth Partners Ltd. acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 283 shares of the aerospace company’s stock, valued at approximately $103,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Paragon Capital Management LLC raised its stake in shares of Lockheed Martin by 406.7% during the second quarter. Paragon Capital Management LLC now owns 76 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of Lockheed Martin during the first quarter valued at about $26,000. Heritage Wealth Advisors raised its stake in shares of Lockheed Martin by 304.3% during the first quarter. Heritage Wealth Advisors now owns 93 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 70 shares in the last quarter. MRA Associates USA LLC bought a new stake in shares of Lockheed Martin during the second quarter valued at about $38,000. Finally, Trustcore Financial Services LLC raised its stake in shares of Lockheed Martin by 245.5% during the second quarter. Trustcore Financial Services LLC now owns 114 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 78.70% of the company’s stock.

LMT has been the topic of several research reports. Credit Suisse Group boosted their price target on shares of Lockheed Martin from $369.00 to $379.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price target 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. Morgan Stanley boosted their price target on shares of Lockheed Martin from $356.00 to $376.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 14th. Barclays boosted their price target on shares of Lockheed Martin from $340.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 16th. Finally, DZ Bank reiterated a “hold” rating on shares of Lockheed Martin in a research report on Thursday, July 25th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $367.86.



In related news, SVP Maryanne Lavan sold 1,003 shares of Lockheed Martin stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $365.50, for a total value of $366,596.50. Following the transaction, the senior vice president now owns 1,478 shares of the company’s stock, valued at approximately $540,209. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kenneth R. Possenriede sold 2,000 shares of Lockheed Martin stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $363.85, for a total value of $727,700.00. The disclosure for this sale can be found here. Insiders sold a total of 22,503 shares of company stock worth $8,292,527 in the last three months. 0.35% of the stock is currently owned by company insiders.

Lockheed Martin stock traded down $8.99 during midday trading on Friday, hitting $376.89. The company’s stock had a trading volume of 1,101,444 shares, compared to its average volume of 975,135. The company has a quick ratio of 0.96, a current ratio of 1.20 and a debt-to-equity ratio of 4.36. The stock’s 50-day moving average price is $369.12 and its 200-day moving average price is $334.80. Lockheed Martin Co. has a 12 month low of $241.18 and a 12 month high of $386.93. The company has a market capitalization of $108.97 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.56 and a beta of 0.97.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be paid a $2.20 dividend. The ex-dividend date is Friday, August 30th. This represents a $8.80 dividend on an annualized basis and a yield of 2.33%. Lockheed Martin’s dividend payout ratio is currently 49.30%.

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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