Lockheed Martin Co. (NYSE:LMT) Stock Holdings Trimmed by Hancock Whitney Corp

Hancock Whitney Corp lessened its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,906 shares of the aerospace company’s stock after selling 352 shares during the period. Lockheed Martin comprises 0.9% of Hancock Whitney Corp’s portfolio, making the stock its 21st largest position. Hancock Whitney Corp’s holdings in Lockheed Martin were worth $26,581,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Aveo Capital Partners LLC raised its stake in Lockheed Martin by 4.1% during the fourth quarter. Aveo Capital Partners LLC now owns 661 shares of the aerospace company’s stock worth $300,000 after acquiring an additional 26 shares during the period. Gryphon Financial Partners LLC grew its holdings in shares of Lockheed Martin by 111.1% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,297 shares of the aerospace company’s stock valued at $1,026,000 after purchasing an additional 1,209 shares during the last quarter. TrinityPoint Wealth LLC raised its position in shares of Lockheed Martin by 9.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,948 shares of the aerospace company’s stock worth $1,789,000 after purchasing an additional 344 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Lockheed Martin by 1.2% in the 4th quarter. Clearbridge Investments LLC now owns 59,743 shares of the aerospace company’s stock worth $27,078,000 after purchasing an additional 727 shares during the last quarter. Finally, AXS Investments LLC boosted its position in Lockheed Martin by 662.8% during the 4th quarter. AXS Investments LLC now owns 1,373 shares of the aerospace company’s stock valued at $622,000 after purchasing an additional 1,193 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of several analyst reports. UBS Group increased their target price on Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Melius Research upgraded shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada raised shares of Lockheed Martin from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $500.00 to $600.00 in a research note on Monday, August 5th. Wells Fargo & Company raised their price target 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. Finally, Barclays boosted their price objective on Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus target price of $553.43.

Lockheed Martin Stock Performance

LMT opened at $571.92 on Friday. The business has a 50 day moving average price of $545.61 and a two-hundred day moving average price of $488.34. 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 company has a market capitalization of $137.23 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 4.55 and a beta of 0.47. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $578.73.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, beating the consensus estimate of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business 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 firm posted $6.73 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Research analysts predict that Lockheed Martin Co. will post 26.65 EPS 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. Investors of record on Tuesday, September 3rd will be issued a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s payout ratio is 46.10%.

Insider Transactions 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 shares were 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 directly owns 8,877 shares in the company, valued at $4,574,850.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.17% of the company’s stock.

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.