Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Howard Capital Management Inc.

Howard Capital Management Inc. increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 75.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,034 shares of the aerospace company’s stock after buying an additional 444 shares during the quarter. Howard Capital Management Inc.’s holdings in Lockheed Martin were worth $483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Weil Company Inc. boosted its holdings in shares of Lockheed Martin by 11.8% in the second quarter. Weil Company Inc. now owns 504 shares of the aerospace company’s stock valued at $235,000 after acquiring an additional 53 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Lockheed Martin by 3.5% during the 2nd quarter. Private Advisor Group LLC now owns 49,045 shares of the aerospace company’s stock worth $22,908,000 after purchasing an additional 1,640 shares during the period. Addison Advisors LLC increased its holdings in shares of Lockheed Martin by 36.9% in the 2nd quarter. Addison Advisors LLC now owns 89 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 24 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Lockheed Martin by 3.1% in the second quarter. Parkside Financial Bank & Trust now owns 2,121 shares of the aerospace company’s stock valued at $991,000 after purchasing an additional 63 shares during the period. Finally, Wellington Shields Capital Management LLC boosted its holdings in Lockheed Martin by 24.8% during the second quarter. Wellington Shields Capital Management LLC now owns 3,986 shares of the aerospace company’s stock worth $1,862,000 after buying an additional 791 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lockheed Martin

In other news, insider Timothy S. Cahill sold 3,975 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total value of $2,048,556.00. Following the completion of the sale, the insider now owns 8,877 shares in the company, valued at $4,574,850.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and lifted their price target for the company from $540.00 to $600.00 in a research report on Friday, July 26th. Royal Bank of Canada upgraded Lockheed Martin from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $500.00 to $600.00 in a research report on Monday, August 5th. TD Cowen upgraded Lockheed Martin from a “hold” rating to a “buy” rating and raised their price target for the company from $480.00 to $560.00 in a research report on Wednesday, July 24th. UBS Group boosted their price objective on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Melius upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price target on the stock in a research report on Tuesday. One investment 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 company. According to MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average target price of $553.43.

Lockheed Martin Stock Performance

NYSE:LMT opened at $566.82 on Friday. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $578.73. The firm’s 50 day moving average is $524.33 and its two-hundred day moving average is $478.58. The company has a market cap of $136.00 billion, a P/E ratio of 20.74, a P/E/G ratio of 4.56 and a beta of 0.46. 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 quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. The firm 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 quarterly 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 earnings per share. Analysts expect that Lockheed Martin Co. will post 26.65 EPS for the current year.

Lockheed Martin Dividend Announcement

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 dividend of $3.15 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.22%. 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.