MRA Advisory Group Purchases 220 Shares of Lockheed Martin Co. (NYSE:LMT)

MRA Advisory Group boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 31.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 923 shares of the aerospace company’s stock after buying an additional 220 shares during the quarter. MRA Advisory Group’s holdings in Lockheed Martin were worth $431,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. tru Independence LLC grew its position in shares of Lockheed Martin by 2.5% in the 2nd quarter. tru Independence LLC now owns 827 shares of the aerospace company’s stock valued at $386,000 after buying an additional 20 shares during the last quarter. Caprock Group LLC boosted its holdings in Lockheed Martin by 279.5% in the second quarter. Caprock Group LLC now owns 6,809 shares of the aerospace company’s stock valued at $3,181,000 after acquiring an additional 5,015 shares during the last quarter. Lynch & Associates IN increased its position in Lockheed Martin by 3.6% during the 2nd quarter. Lynch & Associates IN now owns 16,118 shares of the aerospace company’s stock valued at $7,529,000 after purchasing an additional 558 shares during the period. Certuity LLC raised its holdings in Lockheed Martin by 16.7% during the 2nd quarter. Certuity LLC now owns 789 shares of the aerospace company’s stock worth $369,000 after purchasing an additional 113 shares during the last quarter. Finally, Kerusso Capital Management LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $2,253,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. UBS Group increased 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. Morgan Stanley boosted their price objective on Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. raised their target price on Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Wells Fargo & Company boosted their price target on Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Melius raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective for the company in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $553.43.

Lockheed Martin Trading Down 0.3 %

LMT opened at $566.63 on Friday. The firm has a market capitalization of $135.96 billion, a PE ratio of 20.73, a P/E/G ratio of 4.56 and a beta of 0.47. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $578.73. The company’s 50-day moving average is $524.33 and its 200 day moving average is $478.96.

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

Lockheed Martin Dividend Announcement

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

Insider Buying and Selling

In related news, insider Timothy S. Cahill sold 3,975 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 8,877 shares in the company, valued at $4,574,850.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

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.