Brown Brothers Harriman & Co. decreased its stake in shares of Lockheed Martin Co. (NYSE:LMT – Free Report) by 9.3% through the second quarter, HoldingsChannel stories. The agency owned 5,517 shares of the aerospace firm’s inventory after promoting 565 shares through the quarter. Brown Brothers Harriman & Co.’s holdings in Lockheed Martin have been value $2,577,000 as of its most up-to-date submitting with the Securities and Change Fee.
Quite a lot of different hedge funds and different institutional buyers have additionally made adjustments to their positions within the inventory. Plato Funding Administration Ltd raised its stake in Lockheed Martin by 5.1% within the 2nd quarter. Plato Funding Administration Ltd now owns 1,118 shares of the aerospace firm’s inventory value $522,000 after buying a further 54 shares over the last quarter. Retirement Planning Co of New England Inc. raised its stake in shares of Lockheed Martin by 1.9% within the second quarter. Retirement Planning Co of New England Inc. now owns 1,387 shares of the aerospace firm’s inventory value $648,000 after buying a further 26 shares over the last quarter. Mystic Asset Administration Inc. boosted its place in Lockheed Martin by 1.3% within the second quarter. Mystic Asset Administration Inc. now owns 4,471 shares of the aerospace firm’s inventory valued at $2,089,000 after shopping for a further 57 shares over the last quarter. Clear Funding Analysis LLC elevated its holdings in Lockheed Martin by 36.6% within the 2nd quarter. Clear Funding Analysis LLC now owns 261 shares of the aerospace firm’s inventory value $122,000 after shopping for a further 70 shares through the interval. Lastly, Williams Monetary LLC raised its place in Lockheed Martin by 1,210.1% through the 2nd quarter. Williams Monetary LLC now owns 27,303 shares of the aerospace firm’s inventory value $12,372,000 after shopping for a further 25,219 shares over the last quarter. Hedge funds and different institutional buyers personal 74.19% of the corporate’s inventory.
Insider Shopping for and Promoting
In different Lockheed Martin information, insider Timothy S. Cahill offered 3,975 shares of the agency’s inventory in a transaction that occurred on Wednesday, July twenty fourth. The shares have been offered at a mean value of $515.36, for a complete worth of $2,048,556.00. Following the transaction, the insider now instantly owns 8,877 shares of the corporate’s inventory, valued at roughly $4,574,850.72. The transaction was disclosed in a submitting with the Securities & Change Fee, which is obtainable at the SEC web site. 0.17% of the inventory is presently owned by firm insiders.
Lockheed Martin Value Efficiency
NYSE:LMT opened at $572.92 on Tuesday. The inventory has a 50 day shifting common of $537.11 and a two-hundred day shifting common of $485.28. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month excessive of $578.73. The agency has a market cap of $136.56 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 4.55 and a beta of 0.47. The corporate has a present ratio of 1.24, a fast ratio of 1.07 and a debt-to-equity ratio of three.10.
Lockheed Martin (NYSE:LMT – Get Free Report) final issued its quarterly earnings outcomes on Tuesday, July twenty third. The aerospace firm reported $7.11 EPS for the quarter, topping the consensus estimate of $6.45 by $0.66. The agency had income of $18.12 billion through the quarter, in comparison with analysts’ expectations of $17.05 billion. Lockheed Martin had a return on fairness of 95.03% and a internet margin of 9.48%. The agency’s income for the quarter was up 8.6% on a year-over-year foundation. Throughout the identical interval within the earlier 12 months, the enterprise earned $6.73 earnings per share. On common, analysts count on that Lockheed Martin Co. will publish 26.65 earnings per share for the present fiscal 12 months.
Lockheed Martin Dividend Announcement
The agency additionally just lately declared a quarterly dividend, which might be paid on Friday, September twenty seventh. Stockholders of report on Tuesday, September third might be paid a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of two.20%. The ex-dividend date is Tuesday, September third. Lockheed Martin’s dividend payout ratio is presently 46.10%.
Wall Avenue Analyst Weigh In
Quite a lot of analysis analysts just lately issued stories on the inventory. Deutsche Financial institution Aktiengesellschaft upgraded shares of Lockheed Martin from a “maintain” ranking to a “purchase” ranking and boosted their goal value for the corporate from $540.00 to $600.00 in a analysis report on Friday, July twenty sixth. Financial institution of America restated a “purchase” ranking and issued a $635.00 goal value on shares of Lockheed Martin in a analysis be aware on Friday, August thirtieth. Morgan Stanley lifted their value goal on Lockheed Martin from $503.00 to $599.00 and gave the corporate an “equal weight” ranking in a analysis report on Friday, August ninth. JPMorgan Chase & Co. upped their value goal on Lockheed Martin from $518.00 to $560.00 and gave the inventory an “obese” ranking in a analysis report on Thursday, July twenty fifth. Lastly, Barclays lifted their goal value on shares of Lockheed Martin from $480.00 to $505.00 and gave the corporate an “equal weight” ranking in a report on Tuesday, July thirtieth. One analyst has rated the inventory with a promote ranking, 5 have given a maintain ranking, eight have given a purchase ranking and two have issued a powerful purchase ranking to the corporate’s inventory. In response to MarketBeat, the inventory presently has a consensus ranking of “Average Purchase” and a consensus value goal of $553.43.
View Our Newest Inventory Report on Lockheed Martin
Lockheed Martin Firm Profile
Lockheed Martin Company, a safety and aerospace firm, engages within the analysis, design, growth, manufacture, integration, and sustainment of know-how programs, merchandise, and companies worldwide. The corporate operates via Aeronautics, Missiles and Fireplace Management, Rotary and Mission Methods, and House segments.
See Additionally
Need to see what different hedge funds are holding LMT? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMT – Free Report).
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