YHB Investment Advisors Inc. Has $262,000 Stake in Lockheed Martin Co. (NYSE:LMT)

YHB Investment Advisors Inc. decreased its stake in Lockheed Martin Co. (NYSE:LMT) by 8.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 722 shares of the aerospace company’s stock after selling 65 shares during the period. YHB Investment Advisors Inc.’s holdings in Lockheed Martin were worth $262,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LMT. EFG Asset Management Americas Corp. raised its position in Lockheed Martin by 70.7% in the 1st quarter. EFG Asset Management Americas Corp. now owns 3,059 shares of the aerospace company’s stock valued at $918,000 after purchasing an additional 1,267 shares during the last quarter. Cypress Capital Management LLC raised its position in Lockheed Martin by 9.4% in the 1st quarter. Cypress Capital Management LLC now owns 1,754 shares of the aerospace company’s stock valued at $526,000 after purchasing an additional 150 shares during the last quarter. Carroll Financial Associates Inc. raised its position in Lockheed Martin by 44.6% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,252 shares of the aerospace company’s stock valued at $455,000 after purchasing an additional 386 shares during the last quarter. United Asset Strategies Inc. raised its position in Lockheed Martin by 1.3% in the 1st quarter. United Asset Strategies Inc. now owns 4,943 shares of the aerospace company’s stock valued at $1,484,000 after purchasing an additional 62 shares during the last quarter. Finally, Old North State Trust LLC raised its position in Lockheed Martin by 138.6% in the 1st quarter. Old North State Trust LLC now owns 2,066 shares of the aerospace company’s stock valued at $620,000 after purchasing an additional 1,200 shares during the last quarter. 78.47% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 price objective for the company in a research report on Thursday, April 25th. UBS Group lifted their price objective on Lockheed Martin from $385.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Credit Suisse Group lifted their price objective on Lockheed Martin from $369.00 to $379.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Barclays lifted their price objective on Lockheed Martin from $340.00 to $370.00 and gave the company an “equal weight” rating in a research report on Thursday, May 16th. Finally, Cowen reiterated a “buy” rating and issued a $360.00 price objective on shares of Lockheed Martin in a research report on Wednesday, April 24th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $366.43.

Shares of LMT stock traded up $3.93 on Thursday, reaching $366.10. 456,010 shares of the stock were exchanged, compared to its average volume of 1,109,626. The company has a market capitalization of $103.39 billion, a PE ratio of 20.51, a PEG ratio of 2.45 and a beta of 0.96. Lockheed Martin Co. has a one year low of $241.18 and a one year high of $373.37. The company has a current ratio of 1.20, a quick ratio of 0.96 and a debt-to-equity ratio of 4.36. The firm’s 50 day moving average price is $362.08.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.26. The company 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 firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.31 earnings per share. As a group, analysts anticipate that Lockheed Martin Co. will post 21.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $2.20 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.40%. Lockheed Martin’s payout ratio is currently 49.30%.

In related news, insider Kenneth R. Possenriede sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $363.85, for a total value of $727,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Marillyn A. Hewson sold 19,500 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $369.14, for a total value of $7,198,230.00. Following the completion of the sale, the chairman now owns 46,534 shares of the company’s stock, valued at approximately $17,177,560.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,503 shares of company stock valued at $8,292,527. 0.35% of the stock is currently owned by corporate insiders.

Lockheed Martin 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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