Tower Research Capital LLC TRC bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,960 shares of the aerospace company’s stock, valued at approximately $2,056,000.

Several other institutional investors have also made changes to their positions in LMT. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in Lockheed Martin by 55.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 450 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 160 shares in the last quarter. Franklin Street Advisors Inc. NC grew its stake in Lockheed Martin by 0.6% in the second quarter. Franklin Street Advisors Inc. NC now owns 26,660 shares of the aerospace company’s stock worth $7,876,000 after purchasing an additional 168 shares in the last quarter. OLD National Bancorp IN grew its stake in Lockheed Martin by 1.4% in the second quarter. OLD National Bancorp IN now owns 12,154 shares of the aerospace company’s stock worth $3,591,000 after purchasing an additional 170 shares in the last quarter. Summit Financial Strategies Inc. grew its stake in Lockheed Martin by 19.4% in the second quarter. Summit Financial Strategies Inc. now owns 1,046 shares of the aerospace company’s stock worth $309,000 after purchasing an additional 170 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its stake in Lockheed Martin by 7.0% in the first quarter. Sunbelt Securities Inc. now owns 2,603 shares of the aerospace company’s stock worth $880,000 after purchasing an additional 171 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

A number of research firms recently commented on LMT. Zacks Investment Research downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. UBS Group began coverage on Lockheed Martin in a research note on Wednesday, August 15th. They issued a “buy” rating and a $400.00 price target for the company. Berenberg Bank upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. Bank of America lifted their price target on Lockheed Martin from $400.00 to $412.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Finally, Credit Suisse Group lifted their price target on Lockheed Martin from $355.00 to $340.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $372.02.

Shares of LMT stock opened at $325.28 on Thursday. The company has a debt-to-equity ratio of 28.14, a current ratio of 1.19 and a quick ratio of 0.97. Lockheed Martin Co. has a 52 week low of $291.52 and a 52 week high of $363.00. The company has a market capitalization of $91.77 billion, a price-to-earnings ratio of 24.40, a P/E/G ratio of 2.55 and a beta of 0.72.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 24th. The aerospace company reported $4.31 EPS for the quarter, beating the Zacks’ consensus estimate of $3.92 by $0.39. The company had revenue of $13.40 billion during the quarter, compared to the consensus estimate of $12.72 billion. Lockheed Martin had a return on equity of 944.31% and a net margin of 5.00%. Lockheed Martin’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.23 earnings per share. analysts predict that Lockheed Martin Co. will post 17.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Tuesday, September 4th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, August 31st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.46%. Lockheed Martin’s dividend payout ratio (DPR) is presently 60.02%.

In other news, Chairman Marillyn A. Hewson sold 25,000 shares of Lockheed Martin stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $323.68, for a total transaction of $8,092,000.00. Following the sale, the chairman now owns 90,625 shares of the company’s stock, valued at $29,333,500. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Maryanne Lavan sold 7,250 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $323.64, for a total value of $2,346,390.00. Following the sale, the senior vice president now directly owns 9,869 shares in the company, valued at approximately $3,194,003.16. The disclosure for this sale can be found here. Insiders own 0.35% 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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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

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