Northwest Quadrant Wealth Management LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 5.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,222 shares of the aerospace company’s stock after selling 74 shares during the quarter. Northwest Quadrant Wealth Management LLC’s holdings in Lockheed Martin were worth $439,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Advisors Preferred LLC acquired a new stake in Lockheed Martin in the 1st quarter worth about $26,000. Heritage Wealth Advisors boosted its holdings in Lockheed Martin by 304.3% in the 1st quarter. Heritage Wealth Advisors now owns 93 shares of the aerospace company’s stock worth $28,000 after buying an additional 70 shares during the last quarter. Lake Point Wealth Management acquired a new stake in Lockheed Martin in the 4th quarter worth about $26,000. Covenant Multifamily Offices LLC acquired a new stake in Lockheed Martin in the 1st quarter worth about $36,000. Finally, Bremer Bank National Association acquired a new stake in Lockheed Martin in the 1st quarter worth about $41,000. Hedge funds and other institutional investors own 78.05% of the company’s stock.

In related news, insider Kenneth R. Possenriede sold 2,000 shares of the company’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 value of $727,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Maryanne Lavan sold 1,003 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $365.50, for a total value of $366,596.50. Following the completion of the transaction, the senior vice president now owns 1,478 shares in the company, valued at $540,209. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,503 shares of company stock worth $8,292,527. Insiders own 0.35% of the company’s stock.

Several equities research analysts recently issued reports on LMT shares. UBS Group lifted their price objective on Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Morgan Stanley set a $18.00 price objective on PG&E and gave the stock a “hold” rating in a report on Friday, June 14th. Robert W. Baird lowered their price objective on Waters from $211.00 to $209.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Bank of America reiterated a “buy” rating and issued a $60.00 price objective (up from $55.00) on shares of Western Digital in a report on Wednesday, April 24th. Finally, Zacks Investment Research upgraded Green Brick Partners from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. Seven 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 company. The company presently has an average rating of “Buy” and a consensus price target of $366.43.

Shares of Lockheed Martin stock opened at $369.46 on Friday. The firm has a market cap of $104.33 billion, a PE ratio of 20.70, a P/E/G ratio of 2.45 and a beta of 0.96. The business’s 50 day moving average is $360.55. Lockheed Martin Co. has a 1-year low of $241.18 and a 1-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.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.74 by $0.26. The business had revenue of $14.42 billion for the quarter, compared to analysts’ expectations of $14.17 billion. Lockheed Martin had a return on equity of 297.37% and a net margin of 10.18%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.31 EPS. As a group, research analysts forecast that Lockheed Martin Co. will post 21.26 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, August 30th. Lockheed Martin’s dividend 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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