Lockheed Martin Co. (NYSE:LMT) EVP Gregory M. Ulmer Sells 6,929 Shares

Lockheed Martin Co. (NYSE:LMTGet Rating) EVP Gregory M. Ulmer sold 6,929 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $423.87, for a total transaction of $2,936,995.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Lockheed Martin Stock Performance

NYSE:LMT opened at $426.41 on Friday. The firm’s fifty day moving average price is $418.80 and its 200 day moving average price is $424.98. Lockheed Martin Co. has a 1-year low of $324.23 and a 1-year high of $479.99. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.27 and a quick ratio of 1.06. The firm has a market cap of $113.06 billion, a price-to-earnings ratio of 24.68, a price-to-earnings-growth ratio of 3.04 and a beta of 0.67.

Lockheed Martin (NYSE:LMTGet Rating) last issued its earnings results on Tuesday, July 19th. The aerospace company reported $1.16 EPS for the quarter, missing the consensus estimate of $6.39 by ($5.23). The company had revenue of $15.45 billion for the quarter, compared to analysts’ expectations of $16.02 billion. Lockheed Martin had a return on equity of 69.02% and a net margin of 7.33%. Lockheed Martin’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.13 earnings per share. On average, sell-side analysts expect that Lockheed Martin Co. will post 25.93 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Thursday, September 1st will be paid a $2.80 dividend. This represents a $11.20 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Wednesday, August 31st. Lockheed Martin’s payout ratio is 64.81%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP acquired a new position in shares of Lockheed Martin during the 4th quarter valued at about $25,000. Better Money Decisions LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter valued at about $33,000. Schubert & Co increased its stake in shares of Lockheed Martin by 53.8% during the 2nd quarter. Schubert & Co now owns 80 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 28 shares during the last quarter. PARK CIRCLE Co acquired a new position in shares of Lockheed Martin during the 4th quarter valued at about $36,000. Finally, Charter Oak Capital Management LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 78.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LMT. Susquehanna lifted their price target on shares of Lockheed Martin from $515.00 to $539.00 in a research note on Wednesday, April 20th. Susquehanna Bancshares lifted their price target on shares of Lockheed Martin from $515.00 to $539.00 in a research note on Wednesday, April 20th. Morgan Stanley decreased their price target on shares of Lockheed Martin from $525.00 to $522.00 and set an “overweight” rating for the company in a research note on Wednesday, July 20th. Seaport Res Ptn reiterated a “buy” rating on shares of Lockheed Martin in a research note on Tuesday, April 19th. Finally, Argus lifted their price target on shares of Lockheed Martin from $415.00 to $500.00 in a research note on Wednesday, April 20th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $448.00.

About Lockheed Martin

(Get Rating)

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, Rotary and Mission Systems, and Space.

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