Fidelis Capital Partners LLC Raises Position in Lockheed Martin Co. (NYSE:LMT)

Fidelis Capital Partners LLC raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 98.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,286 shares of the aerospace company’s stock after buying an additional 2,620 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Lockheed Martin were worth $2,469,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LMT. Aveo Capital Partners LLC raised its stake in Lockheed Martin by 4.1% in the fourth quarter. Aveo Capital Partners LLC now owns 661 shares of the aerospace company’s stock valued at $300,000 after purchasing an additional 26 shares in the last quarter. Gryphon Financial Partners LLC raised its position in shares of Lockheed Martin by 111.1% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,297 shares of the aerospace company’s stock valued at $1,026,000 after buying an additional 1,209 shares in the last quarter. TrinityPoint Wealth LLC lifted its holdings in shares of Lockheed Martin by 9.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,948 shares of the aerospace company’s stock worth $1,789,000 after acquiring an additional 344 shares during the last quarter. AXS Investments LLC grew its position in Lockheed Martin by 662.8% in the fourth quarter. AXS Investments LLC now owns 1,373 shares of the aerospace company’s stock worth $622,000 after acquiring an additional 1,193 shares in the last quarter. Finally, HCR Wealth Advisors bought a new position in Lockheed Martin in the fourth quarter valued at $233,000. 74.19% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the transaction, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LMT shares. Wells Fargo & Company lifted their price target on Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Melius raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 target price for the company in a research note on Tuesday, September 3rd. Bank of America reissued a “buy” rating and set a $635.00 price target on shares of Lockheed Martin in a research note on Friday, August 30th. Melius Research raised shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Barclays lifted their target price on shares of Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $553.43.

Lockheed Martin Trading Up 1.2 %

LMT opened at $571.92 on Friday. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $578.73. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07. The business has a 50 day simple moving average of $545.61 and a two-hundred day simple moving average of $488.74. The firm has a market capitalization of $137.23 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 4.55 and a beta of 0.47.

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

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is currently 46.10%.

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.