Prostatis Group LLC Buys 31 Shares of Lockheed Martin Co. (NYSE:LMT)

Prostatis Group LLC lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 3.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 878 shares of the aerospace company’s stock after acquiring an additional 31 shares during the period. Prostatis Group LLC’s holdings in Lockheed Martin were worth $410,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Mcdonald Partners LLC lifted its holdings in Lockheed Martin by 1.1% during the 1st quarter. Mcdonald Partners LLC now owns 1,865 shares of the aerospace company’s stock worth $882,000 after purchasing an additional 20 shares during the last quarter. Amplius Wealth Advisors LLC lifted its holdings in shares of Lockheed Martin by 2.6% during the first quarter. Amplius Wealth Advisors LLC now owns 815 shares of the aerospace company’s stock worth $385,000 after buying an additional 21 shares in the last quarter. Alhambra Investment Partners LLC lifted its holdings in shares of Lockheed Martin by 4.8% during the first quarter. Alhambra Investment Partners LLC now owns 476 shares of the aerospace company’s stock worth $225,000 after buying an additional 22 shares in the last quarter. M Holdings Securities Inc. increased its position in Lockheed Martin by 0.3% during the fourth quarter. M Holdings Securities Inc. now owns 8,113 shares of the aerospace company’s stock worth $3,948,000 after acquiring an additional 23 shares during the period. Finally, Connecticut Wealth Management LLC increased its position in Lockheed Martin by 4.8% during the first quarter. Connecticut Wealth Management LLC now owns 498 shares of the aerospace company’s stock worth $235,000 after acquiring an additional 23 shares during the period. 74.26% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.7 %

Shares of NYSE:LMT opened at $417.86 on Wednesday. Lockheed Martin Co. has a 1 year low of $381.55 and a 1 year high of $508.10. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.36 and a quick ratio of 1.16. The business’s 50-day moving average is $450.01 and its 200-day moving average is $461.07. The company has a market capitalization of $105.23 billion, a price-to-earnings ratio of 15.28, a P/E/G ratio of 2.42 and a beta of 0.65.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 18th. The aerospace company reported $6.73 EPS for the quarter, topping the consensus estimate of $6.45 by $0.28. Lockheed Martin had a net margin of 10.48% and a return on equity of 71.67%. The company had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $15.92 billion. During the same quarter last year, the firm posted $6.32 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts predict that Lockheed Martin Co. will post 27.07 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Thursday, August 31st. Lockheed Martin’s payout ratio is 43.88%.

Insider Buying and Selling

In other Lockheed Martin news, Director John Donovan acquired 548 shares of Lockheed Martin stock in a transaction dated Wednesday, July 19th. The stock was purchased at an average cost of $457.07 per share, for a total transaction of $250,474.36. Following the completion of the acquisition, the director now directly owns 3,378 shares of the company’s stock, valued at $1,543,982.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LMT. StockNews.com began coverage on shares of Lockheed Martin in a report on Thursday, August 17th. They issued a “buy” rating for the company. Morgan Stanley reissued an “equal weight” rating and set a $532.00 price target on shares of Lockheed Martin in a research report on Wednesday, July 19th. Susquehanna cut their price objective on shares of Lockheed Martin from $575.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, July 19th. Citigroup lowered their price target on Lockheed Martin from $579.00 to $555.00 in a report on Wednesday, July 19th. Finally, Wells Fargo & Company raised their target price on shares of Lockheed Martin from $433.00 to $440.00 in a research report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $499.43.

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, Rotary and Mission Systems, and Space.