Arkadios Wealth Advisors Buys 1,531 Shares of Lockheed Martin Co. (NYSE:LMT)

Arkadios Wealth Advisors raised its stake in Lockheed Martin Co. (NYSE:LMTGet Rating) by 70.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,719 shares of the aerospace company’s stock after acquiring an additional 1,531 shares during the quarter. Arkadios Wealth Advisors’ holdings in Lockheed Martin were worth $1,599,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Western Pacific Wealth Management LP bought a new position in shares of Lockheed Martin during the fourth quarter worth approximately $25,000. Capital Advisory Group Advisory Services LLC acquired a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $38,000. San Luis Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $42,000. Citizens National Bank Trust Department acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $43,000. Finally, Simon Quick Advisors LLC boosted its position in shares of Lockheed Martin by 1,940.0% during the 1st quarter. Simon Quick Advisors LLC now owns 102 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 97 shares in the last quarter. 75.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director John Donovan bought 632 shares of the stock in a transaction that occurred on Wednesday, July 20th. The stock was acquired at an average price of $396.16 per share, with a total value of $250,373.12. Following the completion of the purchase, the director now directly owns 1,200 shares of the company’s stock, valued at $475,392. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director John Donovan bought 632 shares of the stock in a transaction that occurred on Wednesday, July 20th. The stock was acquired at an average price of $396.16 per share, with a total value of $250,373.12. Following the completion of the purchase, the director now directly owns 1,200 shares of the company’s stock, valued at $475,392. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gregory M. Ulmer sold 6,929 shares of Lockheed Martin stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $423.87, for a total transaction of $2,936,995.23. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $422.08 on Friday. The firm has a market cap of $111.91 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 2.88 and a beta of 0.66. The firm’s fifty day moving average is $419.75 and its 200-day moving average is $431.25. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.06 and a current ratio of 1.27. Lockheed Martin Co. has a 52 week low of $324.23 and a 52 week high of $479.99.

Lockheed Martin (NYSE:LMTGet Rating) last announced its earnings results on Tuesday, July 19th. The aerospace company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $6.39 by ($5.23). Lockheed Martin had a return on equity of 69.02% and a net margin of 7.33%. The firm had revenue of $15.45 billion for the quarter, compared to the consensus estimate of $16.02 billion. During the same period in the prior year, the business earned $7.13 EPS. Lockheed Martin’s quarterly revenue was down 9.3% on a year-over-year basis. Sell-side analysts predict that Lockheed Martin Co. will post 26.8 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on LMT. Royal Bank of Canada began coverage on shares of Lockheed Martin in a research report on Monday, August 29th. They set a “sector perform” rating and a $460.00 price target on the stock. Morgan Stanley reduced their price target on shares of Lockheed Martin from $525.00 to $522.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 20th. Finally, Wells Fargo & Company cut their target price on shares of Lockheed Martin from $496.00 to $406.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 20th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $448.92.

Lockheed Martin Profile

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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.

See Also

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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