Stillwater Capital Advisors LLC grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,316 shares of the aerospace company’s stock after acquiring an additional 116 shares during the quarter. Lockheed Martin comprises 2.6% of Stillwater Capital Advisors LLC’s holdings, making the stock its 16th largest holding. Stillwater Capital Advisors LLC’s holdings in Lockheed Martin were worth $10,265,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new stake in Lockheed Martin during the second quarter worth $26,000. Accurate Investment Solutions Inc. grew its holdings in Lockheed Martin by 257.1% during the third quarter. Accurate Investment Solutions Inc. now owns 75 shares of the aerospace company’s stock worth $29,000 after buying an additional 54 shares in the last quarter. Paragon Capital Management LLC grew its holdings in Lockheed Martin by 406.7% during the second quarter. Paragon Capital Management LLC now owns 76 shares of the aerospace company’s stock worth $28,000 after buying an additional 61 shares in the last quarter. MRA Associates USA LLC bought a new stake in Lockheed Martin during the second quarter worth $38,000. Finally, Trustcore Financial Services LLC grew its holdings in Lockheed Martin by 245.5% during the second quarter. Trustcore Financial Services LLC now owns 114 shares of the aerospace company’s stock worth $41,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.
In other news, Director James D. Taiclet, Jr. purchased 1,354 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of $376.32 per share, with a total value of $509,537.28. Following the transaction, the director now directly owns 1,354 shares of the company’s stock, valued at $509,537.28. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Maryanne Lavan sold 1,003 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $365.50, for a total value of $366,596.50. Following the transaction, the senior vice president now directly owns 1,478 shares in the company, valued at approximately $540,209. The disclosure for this sale can be found here. Insiders have sold a total of 22,503 shares of company stock worth $8,292,527 in the last ninety days. Insiders own 0.35% of the company’s stock.
Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.26. The firm had revenue of $14.42 billion during the quarter, compared to the consensus estimate of $14.17 billion. Lockheed Martin had a return on equity of 297.37% and a net margin of 10.18%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.31 EPS. Equities research analysts forecast that Lockheed Martin Co. will post 21.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a dividend of $2.40 per share. This represents a $9.60 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.20. Lockheed Martin’s dividend payout ratio is currently 49.30%.
Several equities research analysts recently issued reports on LMT shares. UBS Group upped their price target on Lockheed Martin from $385.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Barclays reiterated a “hold” rating and set a $410.00 price target on shares of Lockheed Martin in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on Lockheed Martin from $360.00 to $395.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Credit Suisse Group upped their price objective on Lockheed Martin from $379.00 to $401.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Morgan Stanley upped their price objective on Lockheed Martin from $376.00 to $381.00 and gave the company an “equal weight” rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Lockheed Martin currently has a consensus rating of “Buy” and a consensus price target of $372.64.
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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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