Delta Asset Management LLC TN Acquires 181 Shares of Lockheed Martin Co. (NYSE:LMT)

Delta Asset Management LLC TN lifted its position in Lockheed Martin Co. (NYSE:LMT) by 37.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 659 shares of the aerospace company’s stock after buying an additional 181 shares during the period. Delta Asset Management LLC TN’s holdings in Lockheed Martin were worth $240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LMT. Dimensional Fund Advisors LP lifted its position in Lockheed Martin by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 680,087 shares of the aerospace company’s stock valued at $178,074,000 after acquiring an additional 37,194 shares in the last quarter. Geode Capital Management LLC lifted its position in Lockheed Martin by 25.3% in the 4th quarter. Geode Capital Management LLC now owns 3,422,800 shares of the aerospace company’s stock valued at $894,874,000 after acquiring an additional 691,751 shares in the last quarter. Trust Department MB Financial Bank N A lifted its position in Lockheed Martin by 189.2% in the 1st quarter. Trust Department MB Financial Bank N A now owns 535 shares of the aerospace company’s stock valued at $161,000 after acquiring an additional 350 shares in the last quarter. Altfest L J & Co. Inc. lifted its position in Lockheed Martin by 242.7% in the 1st quarter. Altfest L J & Co. Inc. now owns 19,360 shares of the aerospace company’s stock valued at $2,960,000 after acquiring an additional 13,710 shares in the last quarter. Finally, EFG Asset Management Americas Corp. lifted 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 acquiring an additional 1,267 shares in the last quarter. Hedge funds and other institutional investors own 78.50% of the company’s stock.

Several equities research analysts have commented on the stock. Cowen reiterated a “buy” rating and issued a $360.00 price objective on shares of Lockheed Martin in a research note on Wednesday, April 24th. Robert W. Baird increased their price objective on shares of Lockheed Martin from $326.00 to $371.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. DZ Bank reiterated a “hold” rating on shares of Lockheed Martin in a research note on Thursday, July 25th. Morgan Stanley increased their price objective on shares of Lockheed Martin from $324.00 to $356.00 and gave the company an “equal weight” rating in a research note on Friday, June 14th. Finally, Credit Suisse Group increased their price objective on shares of Lockheed Martin from $369.00 to $379.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Seven equities 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 stock. The company currently has an average rating of “Buy” and an average target price of $366.43.

In related news, Chairman Marillyn A. Hewson sold 19,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chairman now directly owns 46,534 shares of the company’s stock, valued at approximately $17,177,560.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kenneth R. Possenriede sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $363.85, for a total transaction of $727,700.00. 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 company insiders.

Shares of LMT stock opened at $366.78 on Wednesday. The business’s 50 day moving average is $363.70. The company has a debt-to-equity ratio of 4.36, a quick ratio of 0.96 and a current ratio of 1.20. Lockheed Martin Co. has a 12-month low of $241.18 and a 12-month high of $373.37. The stock has a market cap of $102.20 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 2.40 and a beta of 0.97.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.74 by $0.26. Lockheed Martin had a net margin of 10.18% and a return on equity of 297.37%. The company had revenue of $14.42 billion during the quarter, compared to analyst estimates of $14.17 billion. During the same quarter last year, the business posted $4.31 EPS. Lockheed Martin’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that Lockheed Martin Co. will post 21.23 earnings per share for the current fiscal year.

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

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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