Xponance Inc. diminished its place in shares of Lockheed Martin Co. (NYSE:LMT – Free Report) by 29.4% within the 2nd quarter, based on the corporate in its most up-to-date disclosure with the Securities & Trade Fee. The agency owned 34,049 shares of the aerospace firm’s inventory after promoting 14,165 shares throughout the interval. Xponance Inc.’s holdings in Lockheed Martin have been value $15,904,000 as of its most up-to-date submitting with the Securities & Trade Fee.
Different hedge funds and different institutional traders have additionally modified their holdings of the corporate. Sachetta LLC boosted its place in shares of Lockheed Martin by 50.0% throughout the second quarter. Sachetta LLC now owns 60 shares of the aerospace firm’s inventory value $28,000 after shopping for a further 20 shares throughout the interval. Wiser Advisor Group LLC raised its stake in shares of Lockheed Martin by 65.8% within the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace firm’s inventory valued at $29,000 after buying a further 25 shares within the final quarter. Edmond DE Rothschild Holding S.A. acquired a brand new stake in shares of Lockheed Martin within the first quarter valued at $30,000. Stephens Consulting LLC raised its stake in shares of Lockheed Martin by 48.9% within the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace firm’s inventory valued at $31,000 after buying a further 22 shares within the final quarter. Lastly, Ridgewood Investments LLC acquired a brand new stake in shares of Lockheed Martin within the second quarter valued at $35,000. 74.19% of the inventory is at the moment owned by hedge funds and different institutional traders.
Lockheed Martin Inventory Up 1.2 %
LMT opened at $571.92 on Monday. The enterprise’s 50-day easy shifting common is $545.61 and its 200-day easy shifting common is $489.13. The corporate has a debt-to-equity ratio of three.10, a fast ratio of 1.07 and a present ratio of 1.24. Lockheed Martin Co. has a one 12 months low of $393.77 and a one 12 months excessive of $578.73. The inventory has a market capitalization of $137.23 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 4.55 and a beta of 0.47.
Lockheed Martin (NYSE:LMT – Get Free Report) final posted its earnings outcomes on Tuesday, July twenty third. The aerospace firm reported $7.11 EPS for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a return on fairness of 95.03% and a internet margin of 9.48%. The enterprise had income of $18.12 billion for the quarter, in comparison with analysts’ expectations of $17.05 billion. Throughout the identical quarter within the earlier 12 months, the agency earned $6.73 earnings per share. The enterprise’s income was up 8.6% in comparison with the identical quarter final 12 months. Analysts anticipate that Lockheed Martin Co. will put up 26.65 EPS for the present 12 months.
Lockheed Martin Dividend Announcement
The enterprise additionally lately declared a quarterly dividend, which will probably be paid on Friday, September twenty seventh. Traders of file on Tuesday, September third will probably be issued a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized foundation and a dividend yield of two.20%. The ex-dividend date is Tuesday, September third. Lockheed Martin’s dividend payout ratio is at the moment 46.10%.
Insider Shopping for and Promoting
In associated information, insider Timothy S. Cahill offered 3,975 shares of the agency’s inventory in a transaction dated Wednesday, July twenty fourth. The inventory was offered at a median worth of $515.36, for a complete transaction of $2,048,556.00. Following the transaction, the insider now owns 8,877 shares of the corporate’s inventory, valued at $4,574,850.72. The transaction was disclosed in a submitting with the SEC, which is accessible by way of this hyperlink. Company insiders personal 0.17% of the corporate’s inventory.
Analysts Set New Worth Targets
A number of analysts have lately issued experiences on LMT shares. Susquehanna elevated their worth goal on Lockheed Martin from $540.00 to $565.00 and gave the corporate a “constructive” ranking in a analysis observe on Wednesday, July twenty fourth. Deutsche Financial institution Aktiengesellschaft upgraded Lockheed Martin from a “maintain” ranking to a “purchase” ranking and elevated their worth goal for the corporate from $540.00 to $600.00 in a analysis observe on Friday, July twenty sixth. Barclays raised their worth goal on Lockheed Martin from $480.00 to $505.00 and gave the corporate an “equal weight” ranking in a analysis observe on Tuesday, July thirtieth. Royal Financial institution of Canada upgraded Lockheed Martin from a “sector carry out” ranking to an “outperform” ranking and raised their worth goal for the corporate from $500.00 to $600.00 in a analysis observe on Monday, August fifth. Lastly, UBS Group raised their worth goal on Lockheed Martin from $511.00 to $538.00 and gave the corporate a “impartial” ranking in a analysis observe on Wednesday, July twenty fourth. One analyst has rated the inventory with a promote ranking, 5 have issued a maintain ranking, eight have issued a purchase ranking and two have issued a robust purchase ranking to the inventory. Primarily based on information from MarketBeat.com, the inventory presently has a consensus ranking of “Average Purchase” and a median goal worth of $553.43.
Learn Our Newest Analysis Report on LMT
Lockheed Martin Profile
Lockheed Martin Company, a safety and aerospace firm, engages within the analysis, design, improvement, manufacture, integration, and sustainment of know-how methods, merchandise, and providers worldwide. The corporate operates by way of Aeronautics, Missiles and Fireplace Management, Rotary and Mission Techniques, and Area segments.
Additional Studying
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