Menu Close

Williams Jones Wealth Management LLC. Has $3.14 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Williams Jones Wealth Management LLC. increased its position in shares of Lockheed Martin Co. (NYSE:LMTGet Rating) by 3.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,120 shares of the aerospace company’s stock after purchasing an additional 251 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in Lockheed Martin were worth $3,143,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in Lockheed Martin by 163.4% during the 4th quarter. Acadian Asset Management LLC now owns 8,628 shares of the aerospace company’s stock worth $3,064,000 after acquiring an additional 5,352 shares during the last quarter. Regal Investment Advisors LLC grew its holdings in Lockheed Martin by 14.0% during the 4th quarter. Regal Investment Advisors LLC now owns 666 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 82 shares during the last quarter. Associated Banc Corp grew its holdings in Lockheed Martin by 8.0% during the 4th quarter. Associated Banc Corp now owns 1,179 shares of the aerospace company’s stock worth $419,000 after acquiring an additional 87 shares during the last quarter. Dakota Wealth Management grew its holdings in Lockheed Martin by 15.2% during the 4th quarter. Dakota Wealth Management now owns 1,078 shares of the aerospace company’s stock worth $383,000 after acquiring an additional 142 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Lockheed Martin by 1.6% during the 4th quarter. Rhumbline Advisers now owns 388,003 shares of the aerospace company’s stock worth $137,900,000 after acquiring an additional 6,252 shares during the last quarter. Institutional investors and hedge funds own 75.50% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In other news, EVP Gregory M. Ulmer sold 6,929 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $423.87, for a total transaction of $2,936,995.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Gregory M. Ulmer sold 6,929 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $423.87, for a total transaction of $2,936,995.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Donovan bought 632 shares of the stock in a transaction that occurred on Wednesday, July 20th. The stock was bought at an average cost of $396.16 per share, for a total transaction of $250,373.12. Following the transaction, the director now owns 1,200 shares of the company’s stock, valued at approximately $475,392. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Up 0.4 %

Lockheed Martin stock opened at $421.53 on Monday. The company has a 50 day moving average of $419.88 and a 200-day moving average of $432.89. The company has a quick ratio of 1.06, a current ratio of 1.27 and a debt-to-equity ratio of 1.02. Lockheed Martin Co. has a twelve month low of $324.23 and a twelve month high of $479.99. The stock has a market capitalization of $111.77 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 2.89 and a beta of 0.66.

Lockheed Martin (NYSE:LMTGet Rating) last announced its earnings results on Tuesday, July 19th. The aerospace company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $6.39 by ($5.23). Lockheed Martin had a return on equity of 69.02% and a net margin of 7.33%. The company had revenue of $15.45 billion during the quarter, compared to analyst estimates of $16.02 billion. During the same period in the previous year, the company posted $7.13 earnings per share. Lockheed Martin’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities research analysts anticipate that Lockheed Martin Co. will post 26.8 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Thursday, September 1st will be given a $2.80 dividend. This represents a $11.20 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Wednesday, August 31st. Lockheed Martin’s dividend payout ratio is presently 64.81%.

Analyst Ratings Changes

A number of brokerages have commented on LMT. Morgan Stanley decreased their price objective on shares of Lockheed Martin from $525.00 to $522.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. Wells Fargo & Company reduced their target price on shares of Lockheed Martin from $496.00 to $406.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 20th. Finally, Royal Bank of Canada assumed coverage on shares of Lockheed Martin in a research note on Monday, August 29th. They issued a “sector perform” rating and a $460.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $448.92.

About Lockheed Martin

(Get Rating)

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.

Read More

Receive News & Ratings for Lockheed Martin Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Lockheed Martin and related companies with MarketBeat.com’s FREE daily email newsletter.