Blair William & Co. IL Has $20.06 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Blair William & Co. IL increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 35.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,953 shares of the aerospace company’s stock after purchasing an additional 11,134 shares during the quarter. Blair William & Co. IL’s holdings in Lockheed Martin were worth $20,063,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LMT. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Lockheed Martin by 18.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,429 shares of the aerospace company’s stock valued at $10,921,000 after acquiring an additional 3,681 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in Lockheed Martin by 5.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,077 shares of the aerospace company’s stock valued at $3,773,000 after purchasing an additional 420 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Lockheed Martin by 6.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 50,449 shares of the aerospace company’s stock valued at $23,565,000 after purchasing an additional 3,189 shares in the last quarter. Old West Investment Management LLC increased its position in shares of Lockheed Martin by 4.1% during the 2nd quarter. Old West Investment Management LLC now owns 24,990 shares of the aerospace company’s stock worth $11,673,000 after purchasing an additional 986 shares during the last quarter. Finally, Edgestream Partners L.P. raised its stake in shares of Lockheed Martin by 63.6% during the 2nd quarter. Edgestream Partners L.P. now owns 3,170 shares of the aerospace company’s stock worth $1,481,000 after purchasing an additional 1,232 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

LMT has been the subject of several analyst reports. TD Cowen raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and raised their target price for the company from $480.00 to $560.00 in a research note on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Melius raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 target price on the stock in a report on Tuesday, September 3rd. Bank of America reiterated a “buy” rating and set a $635.00 price target on shares of Lockheed Martin in a report on Friday, August 30th. Finally, UBS Group upped their price objective on Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus price target of $553.43.

Insider Activity

In related news, insider Timothy S. Cahill sold 3,975 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by company insiders.

Lockheed Martin Stock Performance

LMT opened at $566.00 on Thursday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07. The business has a fifty day simple moving average of $541.35 and a 200 day simple moving average of $486.83. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $578.73. The company has a market capitalization of $135.80 billion, a PE ratio of 20.71, 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 (EPS) for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The company had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. During the same quarter in the previous year, the business posted $6.73 earnings per share. Lockheed Martin’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts expect that Lockheed Martin Co. will post 26.65 EPS for the current year.

Lockheed Martin Announces Dividend

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 issued a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.23%. Lockheed Martin’s dividend payout ratio is presently 46.10%.

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.