Ameritas Investment Partners Inc. Cuts Stock Position in Lockheed Martin Co. (NYSE:LMT)

Ameritas Investment Partners Inc. decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,610 shares of the aerospace company’s stock after selling 72 shares during the period. Ameritas Investment Partners Inc.’s holdings in Lockheed Martin were worth $2,620,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of LMT. Boston Research & Management Inc. lifted its holdings in shares of Lockheed Martin by 0.4% during the 2nd quarter. Boston Research & Management Inc. now owns 10,980 shares of the aerospace company’s stock valued at $5,128,000 after purchasing an additional 45 shares during the last quarter. Sei Investments Co. raised its stake in Lockheed Martin by 60.2% in the second quarter. Sei Investments Co. now owns 71,344 shares of the aerospace company’s stock valued at $33,327,000 after buying an additional 26,797 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Lockheed Martin by 7.3% in the second quarter. Pacer Advisors Inc. now owns 25,279 shares of the aerospace company’s stock worth $11,808,000 after acquiring an additional 1,724 shares in the last quarter. AE Wealth Management LLC boosted its holdings in Lockheed Martin by 95.3% in the second quarter. AE Wealth Management LLC now owns 10,943 shares of the aerospace company’s stock worth $5,112,000 after acquiring an additional 5,340 shares in the last quarter. Finally, Weaver C. Barksdale & Associates Inc. grew its stake in shares of Lockheed Martin by 18.7% during the second quarter. Weaver C. Barksdale & Associates Inc. now owns 4,448 shares of the aerospace company’s stock worth $2,078,000 after acquiring an additional 702 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Timothy S. Cahill sold 3,975 shares of the business’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 completion of the sale, the insider now directly owns 8,877 shares in the company, valued at $4,574,850.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by company insiders.

Lockheed Martin Trading Up 1.2 %

Lockheed Martin stock opened at $571.92 on Friday. The firm has a market cap of $137.23 billion, a PE ratio of 20.93, a P/E/G ratio of 4.55 and a beta of 0.47. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $578.73. The stock’s 50 day simple moving average is $545.61 and its two-hundred day simple moving average is $488.74. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) 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 net margin of 9.48% and a return on equity of 95.03%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.73 earnings per share. Analysts anticipate that Lockheed Martin Co. will post 26.65 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.20%. Lockheed Martin’s payout ratio is 46.10%.

Analysts Set New Price Targets

Several brokerages recently commented on LMT. Bank of America reiterated a “buy” rating and issued a $635.00 target price on shares of Lockheed Martin in a research note on Friday, August 30th. Royal Bank of Canada upgraded shares of Lockheed Martin from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $500.00 to $600.00 in a research note on Monday, August 5th. TD Cowen raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and boosted their price objective for the company from $480.00 to $560.00 in a report on Wednesday, July 24th. Barclays raised their target price on Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Finally, Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $553.43.

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.