Lynch & Associates IN Buys 192 Shares of Lockheed Martin Co. (NYSE:LMT)

Lynch & Associates IN grew its stake in Lockheed Martin Co. (NYSE:LMT) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,656 shares of the aerospace company’s stock after buying an additional 192 shares during the quarter. Lockheed Martin accounts for about 2.0% of Lynch & Associates IN’s investment portfolio, making the stock its 16th biggest holding. Lynch & Associates IN’s holdings in Lockheed Martin were worth $7,668,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Lee Financial Co raised its stake in shares of Lockheed Martin by 367.6% in the 1st quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock valued at $210,000 after purchasing an additional 375 shares during the period. Vontobel Holding Ltd. grew its holdings in shares of Lockheed Martin by 240.0% during the first quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock worth $1,821,000 after buying an additional 2,911 shares in the last quarter. Sei Investments Co. raised its position in Lockheed Martin by 56.8% in the 1st quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock valued at $9,995,000 after buying an additional 8,389 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Lockheed Martin by 18.4% in the 1st quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock valued at $12,716,000 after acquiring an additional 4,472 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in Lockheed Martin by 20.4% during the 1st quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock worth $47,391,000 after acquiring an additional 18,201 shares during the last quarter. Institutional investors own 74.26% of the company’s stock.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded down $3.94 during trading hours on Tuesday, reaching $425.92. 310,136 shares of the stock were exchanged, compared to its average volume of 1,195,969. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.16 and a current ratio of 1.36. The stock’s fifty day simple moving average is $447.76 and its 200 day simple moving average is $459.96. Lockheed Martin Co. has a 52 week low of $381.55 and a 52 week high of $508.10. The firm has a market capitalization of $107.26 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 2.41 and a beta of 0.65.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 18th. The aerospace company reported $6.73 EPS for the quarter, topping analysts’ consensus estimates of $6.45 by $0.28. The firm had revenue of $16.69 billion for the quarter, compared to analyst estimates of $15.92 billion. Lockheed Martin had a return on equity of 71.67% and a net margin of 10.48%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $6.32 EPS. Sell-side analysts predict that Lockheed Martin Co. will post 27.07 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be given a dividend of $3.00 per share. The ex-dividend date is Thursday, August 31st. This represents a $12.00 annualized dividend and a yield of 2.82%. Lockheed Martin’s dividend payout ratio is 43.88%.

Insiders Place Their Bets

In other Lockheed Martin news, Director John Donovan bought 548 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was purchased at an average cost of $457.07 per share, for a total transaction of $250,474.36. Following the completion of the purchase, the director now directly owns 3,378 shares of the company’s stock, valued at $1,543,982.46. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LMT. StockNews.com began coverage on shares of Lockheed Martin in a report on Thursday, August 17th. They set a “buy” rating for the company. Morgan Stanley restated an “equal weight” rating and set a $532.00 price objective on shares of Lockheed Martin in a research note on Wednesday, July 19th. Citigroup lowered their target price on Lockheed Martin from $579.00 to $555.00 in a research report on Wednesday, July 19th. Royal Bank of Canada reduced their price target on Lockheed Martin from $500.00 to $475.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 19th. Finally, Susquehanna lowered their price target on Lockheed Martin from $575.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $499.43.

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.