Royal Capital Wealth Management LLC Acquires New Holdings in Lockheed Martin Co. (NYSE:LMT)

Royal Capital Wealth Management LLC bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 431 shares of the aerospace company’s stock, valued at approximately $201,000.

Other institutional investors have also recently bought and sold shares of the company. Sachetta LLC raised its holdings in shares of Lockheed Martin by 50.0% during the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 20 shares during the period. Wiser Advisor Group LLC increased its holdings in Lockheed Martin by 65.8% during the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 25 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Lockheed Martin in the 1st quarter valued at about $30,000. Stephens Consulting LLC lifted its holdings in shares of Lockheed Martin by 48.9% in the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 22 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of Lockheed Martin during the second quarter worth about $35,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.3 %

Lockheed Martin stock opened at $578.63 on Wednesday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. The stock has a 50-day simple moving average of $550.14 and a 200 day simple moving average of $491.21. The stock has a market capitalization of $137.92 billion, a P/E ratio of 21.17, a PEG ratio of 4.66 and a beta of 0.47. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $581.75.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $17.05 billion. During the same period in the previous year, the company posted $6.73 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts expect that Lockheed Martin Co. will post 26.65 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s payout ratio is presently 46.10%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LMT shares. UBS Group lifted their target price on Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. TD Cowen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and lifted their price objective for the company from $480.00 to $560.00 in a report on Wednesday, July 24th. Barclays increased their target price on shares of Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Wells Fargo & Company lifted their price target on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and increased their price objective for the stock from $540.00 to $600.00 in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus target price of $553.43.

Insider Activity

In related news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the sale, the insider now owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.17% of the company’s stock.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.