HNP Capital LLC grew its stake in Lockheed Martin Co. (NYSE:LMT) by 26.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,573 shares of the aerospace company’s stock after purchasing an additional 331 shares during the period. HNP Capital LLC’s holdings in Lockheed Martin were worth $572,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of LMT. PFG Advisors acquired a new stake in Lockheed Martin during the 4th quarter worth approximately $886,000. EFG Asset Management Americas Corp. boosted its position in Lockheed Martin by 70.7% during the 1st quarter. EFG Asset Management Americas Corp. now owns 3,059 shares of the aerospace company’s stock worth $918,000 after buying an additional 1,267 shares during the period. Cypress Capital Management LLC boosted its position in Lockheed Martin by 9.4% during the 1st quarter. Cypress Capital Management LLC now owns 1,754 shares of the aerospace company’s stock worth $526,000 after buying an additional 150 shares during the period. Carroll Financial Associates Inc. boosted its position in Lockheed Martin by 44.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 1,252 shares of the aerospace company’s stock worth $455,000 after buying an additional 386 shares during the period. Finally, Executive Wealth Management LLC acquired a new stake in Lockheed Martin during the 4th quarter worth approximately $107,000. Institutional investors own 78.05% of the company’s stock.

NYSE:LMT opened at $369.46 on Friday. The company has a fifty day moving average of $360.55. The company has a market cap of $104.33 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 2.45 and a beta of 0.96. The company has a quick ratio of 0.96, a current ratio of 1.20 and a debt-to-equity ratio of 4.36. Lockheed Martin Co. has a twelve month low of $241.18 and a twelve month high of $373.37.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.26. The company had revenue of $14.42 billion during the quarter, compared to analyst estimates of $14.17 billion. Lockheed Martin had a net margin of 10.18% and a return on equity of 297.37%. Lockheed Martin’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.31 EPS. Equities research analysts anticipate that Lockheed Martin Co. will post 21.26 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders 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 dividend on an annualized basis and a yield of 2.38%. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.30%.

LMT has been the topic of several recent research reports. Robert W. Baird cut their target price on shares of Waters from $211.00 to $209.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. UBS Group lifted their target price on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Cowen reiterated an “outperform” rating and set a $230.00 target price (up from $200.00) on shares of Norfolk Southern in a research report on Wednesday, April 24th. ValuEngine downgraded shares of Viewray from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of SAGE Therapeutics in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Lockheed Martin currently has an average rating of “Buy” and a consensus target price of $366.43.

In other Lockheed Martin news, insider Kenneth R. Possenriede sold 2,000 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $363.85, for a total transaction of $727,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Marillyn A. Hewson sold 19,500 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $369.14, for a total transaction of $7,198,230.00. Following 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. Insiders have sold a total of 22,503 shares of company stock valued at $8,292,527 in the last 90 days. 0.35% of the stock is currently owned by company insiders.

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 (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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