Huber Financial Advisors LLC purchased a new position in Lockheed Martin Co. (NYSE:LMT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 600 shares of the aerospace company’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in Lockheed Martin by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 680,087 shares of the aerospace company’s stock valued at $178,074,000 after buying an additional 37,194 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Lockheed Martin by 25.3% during the 4th quarter. Geode Capital Management LLC now owns 3,422,800 shares of the aerospace company’s stock worth $894,874,000 after purchasing an additional 691,751 shares during the last quarter. Pennsylvania Trust Co increased its stake in shares of Lockheed Martin by 1,081.8% during the 1st quarter. Pennsylvania Trust Co now owns 129,441 shares of the aerospace company’s stock worth $957,000 after purchasing an additional 118,488 shares during the last quarter. Accredited Investors Inc. acquired a new position in shares of Lockheed Martin during the 1st quarter worth about $266,000. Finally, LaFleur & Godfrey LLC increased its stake in shares of Lockheed Martin by 51.8% during the 1st quarter. LaFleur & Godfrey LLC now owns 6,275 shares of the aerospace company’s stock worth $1,884,000 after purchasing an additional 2,140 shares during the last quarter. Institutional investors own 78.70% of the company’s stock.

Several research analysts have recently weighed in on the stock. Bank of America restated a “buy” rating and set a $400.00 price objective (up from $390.00) on shares of Lockheed Martin in a research note on Wednesday, April 24th. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $326.00 to $371.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Morgan Stanley boosted their price objective on shares of Lockheed Martin from $356.00 to $376.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. ValuEngine upgraded shares of Lockheed Martin from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, UBS Group boosted their price objective on shares of Lockheed Martin from $385.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $367.86.

Shares of LMT stock traded up $3.01 during midday trading on Monday, hitting $380.01. 283,402 shares of the company were exchanged, compared to its average volume of 1,171,181. The firm has a market capitalization of $107.24 billion, a P/E ratio of 21.29, a PEG ratio of 2.48 and a beta of 0.97. The company has a debt-to-equity ratio of 4.36, a quick ratio of 0.96 and a current ratio of 1.20. The firm’s 50 day moving average price is $366.95 and its two-hundred day moving average price is $332.26. Lockheed Martin Co. has a 52 week low of $241.18 and a 52 week high of $381.51.

Lockheed Martin (NYSE:LMT) last announced its 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 business had revenue of $14.42 billion during the quarter, compared to the consensus estimate 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 was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.31 EPS. Analysts expect that Lockheed Martin Co. will post 21.2 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be issued a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Friday, August 30th. Lockheed Martin’s payout ratio is 49.30%.

In related news, Chairman Marillyn A. Hewson sold 19,500 shares of Lockheed Martin stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $369.14, for a total transaction of $7,198,230.00. Following the completion of the sale, the chairman now owns 46,534 shares of the company’s stock, valued at approximately $17,177,560.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $366,596.50. Following the sale, the senior vice president now directly owns 1,478 shares of the company’s stock, valued at approximately $540,209. The disclosure for this sale can be found here. Insiders have sold a total of 22,503 shares of company stock valued at $8,292,527 in the last ninety days. 0.35% of the stock is currently owned by insiders.

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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