Insider Selling: Lockheed Martin Co. (NYSE:LMT) Insider Sells 3,975 Shares of Stock

Lockheed Martin Co. (NYSE:LMT) insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction on 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 directly owns 8,877 shares of the company’s stock, valued at $4,574,850.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Lockheed Martin Stock Up 1.2 %

Shares of LMT traded up $6.44 during trading hours on Thursday, reaching $521.64. 1,922,976 shares of the stock traded hands, compared to its average volume of 1,085,224. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $526.69. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The stock has a fifty day simple moving average of $468.42 and a 200 day simple moving average of $453.45. The company has a market cap of $125.16 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 4.67 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. The firm had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.05 billion. Lockheed Martin had a return on equity of 90.61% and a net margin of 9.48%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.73 EPS. On average, equities analysts forecast that Lockheed Martin Co. will post 26.43 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a $3.15 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.42%. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Institutional Investors Weigh In On Lockheed Martin

A number of hedge funds have recently made changes to their positions in LMT. Warther Private Wealth LLC raised its position in Lockheed Martin by 86.1% in the fourth quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock worth $7,419,000 after acquiring an additional 7,575 shares during the period. Morningstar Investment Services LLC raised its holdings in shares of Lockheed Martin by 99.6% in the 4th quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock worth $66,697,000 after purchasing an additional 73,774 shares during the period. AdvisorNet Financial Inc lifted its stake in Lockheed Martin by 0.4% in the fourth quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock valued at $3,509,000 after purchasing an additional 29 shares during the last quarter. Cercano Management LLC bought a new position in Lockheed Martin during the fourth quarter valued at $29,454,000. Finally, Brevan Howard Capital Management LP grew its holdings in Lockheed Martin by 414.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 7,121 shares of the aerospace company’s stock valued at $3,228,000 after purchasing an additional 5,736 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on LMT. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. UBS Group boosted their price objective on Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. upped their target price on Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a research report on Thursday. TD Cowen raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and lifted their price target for the company from $480.00 to $560.00 in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lockheed Martin from $487.00 to $540.00 and gave the stock a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus price target of $513.45.

Lockheed Martin Company 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.