Moors & Cabot Inc. Purchases 109 Shares of Lockheed Martin Co. (NYSE:LMT)

Moors & Cabot Inc. raised its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.6% during the second quarter, HoldingsChannel.com reports. The fund owned 19,793 shares of the aerospace company’s stock after buying an additional 109 shares during the quarter. Moors & Cabot Inc.’s holdings in Lockheed Martin were worth $9,245,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LMT. GAMMA Investing LLC grew its stake in Lockheed Martin by 130.0% during the second quarter. GAMMA Investing LLC now owns 3,572 shares of the aerospace company’s stock worth $1,668,000 after purchasing an additional 2,019 shares during the period. Morningstar Investment Services LLC grew its position in shares of Lockheed Martin by 99.6% during the 4th quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock worth $66,697,000 after buying an additional 73,774 shares during the period. Brevan Howard Capital Management LP increased its stake in shares of Lockheed Martin by 414.2% in the 4th quarter. Brevan Howard Capital Management LP now owns 7,121 shares of the aerospace company’s stock valued at $3,228,000 after acquiring an additional 5,736 shares in the last quarter. New Mexico Educational Retirement Board lifted its position in shares of Lockheed Martin by 20.5% during the 1st quarter. New Mexico Educational Retirement Board now owns 14,097 shares of the aerospace company’s stock valued at $6,222,000 after acquiring an additional 2,400 shares during the period. Finally, American National Bank boosted its stake in Lockheed Martin by 26.8% during the first quarter. American National Bank now owns 36,577 shares of the aerospace company’s stock worth $16,638,000 after acquiring an additional 7,731 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 0.5 %

Lockheed Martin stock opened at $572.92 on Tuesday. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $578.73. 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 firm’s 50-day simple moving average is $537.11 and its 200 day simple moving average is $485.28. The stock has a market cap of $136.56 billion, a PE ratio of 20.96, a price-to-earnings-growth 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 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 95.03% 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. Research analysts predict that Lockheed Martin Co. will post 26.65 EPS for the current fiscal 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 issued a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 46.10%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Bank of America reiterated a “buy” rating and issued a $635.00 price target on shares of Lockheed Martin in a report on Friday, August 30th. Wells Fargo & Company boosted their price objective on Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. TD Cowen upgraded Lockheed Martin from a “hold” rating to a “buy” rating and increased their target price for the stock from $480.00 to $560.00 in a report on Wednesday, July 24th. Finally, Barclays boosted their price target on shares of Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. One equities 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 data from MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average price target of $553.43.

Insider Activity at Lockheed Martin

In other Lockheed Martin 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 value of $2,048,556.00. Following the sale, the insider now owns 8,877 shares of the company’s stock, valued at $4,574,850.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by company insiders.

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.