Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Optimist Retirement Group LLC

Optimist Retirement Group LLC increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,094 shares of the aerospace company’s stock after acquiring an additional 124 shares during the period. Optimist Retirement Group LLC’s holdings in Lockheed Martin were worth $1,912,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Intrepid Financial Planning Group LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter valued at about $253,000. Garner Asset Management Corp grew its position in Lockheed Martin by 6.6% during the second quarter. Garner Asset Management Corp now owns 3,494 shares of the aerospace company’s stock worth $1,632,000 after buying an additional 215 shares during the period. Altrius Capital Management Inc increased its holdings in Lockheed Martin by 1.9% in the second quarter. Altrius Capital Management Inc now owns 8,986 shares of the aerospace company’s stock valued at $4,198,000 after buying an additional 169 shares in the last quarter. Carolinas Wealth Consulting LLC lifted its position in shares of Lockheed Martin by 33.7% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 802 shares of the aerospace company’s stock valued at $374,000 after acquiring an additional 202 shares during the period. Finally, Lokken Investment Group LLC boosted its stake in shares of Lockheed Martin by 13.3% during the 2nd quarter. Lokken Investment Group LLC now owns 3,149 shares of the aerospace company’s stock worth $1,471,000 after acquiring an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LMT shares. TD Cowen raised Lockheed Martin from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $480.00 to $560.00 in a report on Wednesday, July 24th. Wells Fargo & Company boosted their price objective on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Melius upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 target price for the company in a report on Tuesday, September 3rd. Barclays upped their price target on shares of Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Finally, Morgan Stanley raised their price objective on shares of Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $553.43.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $566.00 on Thursday. 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 52 week low of $393.77 and a 52 week high of $578.73. The company has a market cap of $135.80 billion, a P/E ratio of 20.71, a P/E/G ratio of 4.55 and a beta of 0.47. 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 EPS for the quarter, beating the consensus estimate of $6.45 by $0.66. The company had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.73 EPS. Equities research analysts forecast 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. Shareholders of record on Tuesday, September 3rd will be issued a $3.15 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.23%. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Insider Activity

In related news, insider Timothy S. Cahill sold 3,975 shares of the stock in a transaction 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 directly owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.17% of the company’s stock.

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.