Cahill Financial Advisors Inc. Sells 474 Shares of Lockheed Martin Co. (NYSE:LMT)

Cahill Financial Advisors Inc. lessened its position in shares of Lockheed Martin Co. (NYSE:LMT) by 16.0% during the second quarter, Holdings Channel reports. The institutional investor owned 2,487 shares of the aerospace company’s stock after selling 474 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in Lockheed Martin were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC raised its position in shares of Lockheed Martin by 93.7% in the second quarter. Quest Partners LLC now owns 7,813 shares of the aerospace company’s stock valued at $3,649,000 after purchasing an additional 3,780 shares during the period. X Square Capital LLC grew its stake in Lockheed Martin by 1.3% in the 2nd quarter. X Square Capital LLC now owns 2,105 shares of the aerospace company’s stock valued at $983,000 after buying an additional 28 shares in the last quarter. LSV Asset Management raised its holdings in Lockheed Martin by 3.3% during the 2nd quarter. LSV Asset Management now owns 505,427 shares of the aerospace company’s stock valued at $236,085,000 after acquiring an additional 16,280 shares during the period. Morton Community Bank lifted its position in shares of Lockheed Martin by 4.7% during the second quarter. Morton Community Bank now owns 8,133 shares of the aerospace company’s stock worth $3,799,000 after acquiring an additional 363 shares in the last quarter. Finally, MRA Advisory Group boosted its holdings in shares of Lockheed Martin by 31.3% in the second quarter. MRA Advisory Group now owns 923 shares of the aerospace company’s stock worth $431,000 after acquiring an additional 220 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on LMT. UBS Group raised their target price on Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Wells Fargo & Company increased their price objective on Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Susquehanna lifted their target price on shares of Lockheed Martin from $540.00 to $565.00 and gave the company a “positive” rating in a research report on Wednesday, July 24th. TD Cowen raised Lockheed Martin from a “hold” rating to a “buy” rating and increased their target price for the company from $480.00 to $560.00 in a research note on Wednesday, July 24th. Finally, Bank of America reaffirmed a “buy” rating and set a $635.00 price target on shares of Lockheed Martin in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $553.43.

Insider Activity

In related news, insider Timothy S. Cahill sold 3,975 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $4,574,850.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is owned by corporate insiders.

Lockheed Martin Price Performance

Shares of LMT opened at $566.63 on Monday. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $578.73. The company has a market capitalization of $135.06 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 4.55 and a beta of 0.47. The firm has a 50 day moving average of $524.33 and a 200 day moving average of $479.32. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. The business had revenue of $18.12 billion during the quarter, compared to analyst estimates of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $6.73 EPS. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s payout ratio is presently 46.10%.

About Lockheed Martin

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.