Fidelis Capital Partners LLC Acquires 2,620 Shares of Lockheed Martin Co. (NYSE:LMT)

Fidelis Capital Partners LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 98.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,286 shares of the aerospace company’s stock after buying an additional 2,620 shares during the period. Fidelis Capital Partners LLC’s holdings in Lockheed Martin were worth $2,469,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Frank Rimerman Advisors LLC boosted its stake in Lockheed Martin by 52,325.0% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,097 shares of the aerospace company’s stock valued at $980,000 after purchasing an additional 2,093 shares during the last quarter. Holderness Investments Co. lifted its holdings in shares of Lockheed Martin by 10.4% in the second quarter. Holderness Investments Co. now owns 3,972 shares of the aerospace company’s stock valued at $1,855,000 after purchasing an additional 375 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Lockheed Martin by 6.0% during the second quarter. ProShare Advisors LLC now owns 33,727 shares of the aerospace company’s stock valued at $15,754,000 after buying an additional 1,921 shares during the last quarter. Merriman Wealth Management LLC bought a new stake in Lockheed Martin during the second quarter worth $223,000. Finally, Alaethes Wealth LLC raised its position in Lockheed Martin by 2.5% in the 2nd quarter. Alaethes Wealth LLC now owns 3,387 shares of the aerospace company’s stock valued at $1,582,000 after buying an additional 82 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Up 1.2 %

Shares of Lockheed Martin stock opened at $571.92 on Friday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. The stock has a market capitalization of $137.23 billion, a P/E ratio of 20.93, a P/E/G ratio of 4.55 and a beta of 0.47. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $578.73. The stock’s 50-day simple moving average is $545.61 and its 200 day simple moving average is $488.74.

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 the consensus estimate of $6.45 by $0.66. The company had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.73 earnings per share. As a group, research analysts anticipate that Lockheed Martin Co. will post 26.65 EPS for the current year.

Lockheed Martin Dividend Announcement

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 given a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the firm’s 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 transaction, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. TD Cowen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and upped their target price for the stock from $480.00 to $560.00 in a research note on Wednesday, July 24th. Wells Fargo & Company increased their price objective on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Bank of America restated a “buy” rating and issued a $635.00 target price on shares of Lockheed Martin in a research note on Friday, August 30th. UBS Group increased their price target on Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus price target 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.