Braun Bostich & Associates Inc. increased its position in Lockheed Martin Co. (NYSE:LMT) by 39.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 643 shares of the aerospace company’s stock after purchasing an additional 182 shares during the period. Braun Bostich & Associates Inc.’s holdings in Lockheed Martin were worth $190,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of LMT. FMR LLC boosted its holdings in Lockheed Martin by 1.4% in the second quarter. FMR LLC now owns 2,337,478 shares of the aerospace company’s stock worth $690,562,000 after acquiring an additional 32,879 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Lockheed Martin by 3.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 9,286 shares of the aerospace company’s stock worth $2,744,000 after acquiring an additional 305 shares in the last quarter. Omnia Family Wealth LLC boosted its holdings in Lockheed Martin by 34.9% in the second quarter. Omnia Family Wealth LLC now owns 2,116 shares of the aerospace company’s stock worth $625,000 after acquiring an additional 547 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in Lockheed Martin by 11.4% in the second quarter. Great West Life Assurance Co. Can now owns 262,665 shares of the aerospace company’s stock worth $77,695,000 after acquiring an additional 26,912 shares in the last quarter. Finally, Chicago Equity Partners LLC boosted its holdings in Lockheed Martin by 392.2% in the second quarter. Chicago Equity Partners LLC now owns 17,620 shares of the aerospace company’s stock worth $5,205,000 after acquiring an additional 14,040 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

Several equities research analysts have commented on LMT shares. Credit Suisse Group boosted their target price on Lockheed Martin from $355.00 to $340.00 and gave the stock a “neutral” rating in a report on Wednesday, July 25th. Berenberg Bank raised Lockheed Martin from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Zacks Investment Research raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $343.00 target price on the stock in a report on Wednesday, July 11th. Bank of America boosted their target price on Lockheed Martin from $400.00 to $412.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Finally, Morgan Stanley boosted their target price on Lockheed Martin from $352.00 to $377.00 and gave the stock an “overweight” rating in a report on Wednesday, July 25th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $372.02.

Shares of NYSE:LMT opened at $324.34 on Wednesday. The firm has a market cap of $91.50 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 2.54 and a beta of 0.71. The company has a debt-to-equity ratio of 28.14, a quick ratio of 0.97 and a current ratio of 1.19. Lockheed Martin Co. has a 1 year low of $291.52 and a 1 year high of $363.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 24th. The aerospace company reported $4.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.92 by $0.39. The firm had revenue of $13.40 billion for the quarter, compared to the consensus estimate of $12.72 billion. Lockheed Martin had a return on equity of 944.31% and a net margin of 5.00%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.23 earnings per share. research analysts predict that Lockheed Martin Co. will post 17.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Tuesday, September 4th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Friday, August 31st. Lockheed Martin’s payout ratio is currently 60.02%.

In other news, SVP Maryanne Lavan sold 7,250 shares of the company’s stock in a transaction on Wednesday, July 25th. The stock was sold at an average price of $323.64, for a total transaction of $2,346,390.00. Following the transaction, the senior vice president now directly owns 9,869 shares of the company’s stock, valued at $3,194,003.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Marillyn A. Hewson sold 25,000 shares of the company’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $323.68, for a total value of $8,092,000.00. Following the transaction, the chairman now directly owns 90,625 shares in the company, valued at $29,333,500. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

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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