Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Sugarloaf Wealth Management LLC

Sugarloaf Wealth Management LLC lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 568 shares of the aerospace company’s stock after acquiring an additional 35 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Lockheed Martin were worth $262,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LMT. Mcdonald Partners LLC lifted its holdings in shares of Lockheed Martin by 1.1% during the first quarter. Mcdonald Partners LLC now owns 1,865 shares of the aerospace company’s stock worth $882,000 after buying an additional 20 shares in the last quarter. Amplius Wealth Advisors LLC raised its stake in Lockheed Martin by 2.6% in the first quarter. Amplius Wealth Advisors LLC now owns 815 shares of the aerospace company’s stock valued at $385,000 after purchasing an additional 21 shares in the last quarter. Alhambra Investment Partners LLC raised its stake in Lockheed Martin by 4.8% in the first quarter. Alhambra Investment Partners LLC now owns 476 shares of the aerospace company’s stock valued at $225,000 after purchasing an additional 22 shares in the last quarter. Janiczek Wealth Management LLC raised its stake in Lockheed Martin by 0.7% in the second quarter. Janiczek Wealth Management LLC now owns 3,262 shares of the aerospace company’s stock valued at $1,502,000 after purchasing an additional 22 shares in the last quarter. Finally, M Holdings Securities Inc. raised its stake in Lockheed Martin by 0.3% in the fourth quarter. M Holdings Securities Inc. now owns 8,113 shares of the aerospace company’s stock valued at $3,948,000 after purchasing an additional 23 shares in the last quarter. Institutional investors and hedge funds own 74.26% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE:LMT traded down $3.63 during mid-day trading on Tuesday, reaching $426.23. The stock had a trading volume of 341,678 shares, compared to its average volume of 1,196,075. The company has a current ratio of 1.36, a quick ratio of 1.16 and a debt-to-equity ratio of 1.87. The company has a market cap of $107.34 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 2.41 and a beta of 0.65. Lockheed Martin Co. has a 1 year low of $381.55 and a 1 year high of $508.10. The business’s 50 day moving average price is $447.76 and its 200 day moving average price is $459.96.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 18th. The aerospace company reported $6.73 EPS for the quarter, topping analysts’ consensus estimates of $6.45 by $0.28. Lockheed Martin had a return on equity of 71.67% and a net margin of 10.48%. The company had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $15.92 billion. During the same period in the previous year, the business earned $6.32 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts expect that Lockheed Martin Co. will post 27.07 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $12.00 dividend on an annualized basis and a yield of 2.82%. Lockheed Martin’s dividend payout ratio is currently 43.88%.

Analysts Set New Price Targets

A number of research analysts recently commented on LMT shares. StockNews.com started coverage on Lockheed Martin in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $532.00 price target on shares of Lockheed Martin in a research note on Wednesday, July 19th. Wells Fargo & Company upgraded Lockheed Martin from an “underweight” rating to an “equal weight” rating and set a $440.00 target price on the stock in a research report on Monday. Royal Bank of Canada dropped their price target on Lockheed Martin from $500.00 to $475.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 19th. Finally, Citigroup cut their price target on Lockheed Martin from $579.00 to $555.00 in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $499.43.

Insider Activity

In other Lockheed Martin news, Director John Donovan purchased 548 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was purchased at an average price of $457.07 per share, for a total transaction of $250,474.36. Following the purchase, the director now directly owns 3,378 shares in the company, valued at $1,543,982.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.17% 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, Rotary and Mission Systems, and Space.