New Hampshire Trust Has $1.55 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

New Hampshire Trust lowered its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 3.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,362 shares of the aerospace company’s stock after selling 127 shares during the period. New Hampshire Trust’s holdings in Lockheed Martin were worth $1,548,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of LMT. Lee Financial Co increased its holdings in Lockheed Martin by 367.6% in the 1st quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock worth $210,000 after purchasing an additional 375 shares in the last quarter. Vontobel Holding Ltd. increased its stake in shares of Lockheed Martin by 240.0% in the first quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock valued at $1,821,000 after buying an additional 2,911 shares during the period. Sei Investments Co. increased its stake in shares of Lockheed Martin by 56.8% in the first quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock valued at $9,995,000 after buying an additional 8,389 shares during the period. NewEdge Advisors LLC increased its stake in shares of Lockheed Martin by 18.4% in the first quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock valued at $12,716,000 after buying an additional 4,472 shares during the period. Finally, Mackenzie Financial Corp boosted its position in shares of Lockheed Martin by 20.4% during the 1st quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock valued at $47,391,000 after purchasing an additional 18,201 shares in the last quarter. Institutional investors and hedge funds own 74.26% of the company’s stock.

Lockheed Martin Stock Down 0.4 %

Shares of LMT stock traded down $1.84 during trading hours on Friday, reaching $424.05. The company had a trading volume of 1,681,583 shares, compared to its average volume of 1,202,413. 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 company has a market cap of $106.79 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 2.40 and a beta of 0.65. The business has a fifty day simple moving average of $447.76 and a 200-day simple moving average of $460.06. Lockheed Martin Co. has a 12 month low of $381.55 and a 12 month high of $508.10.

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

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Thursday, August 31st. Lockheed Martin’s payout ratio is 43.88%.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, Director John Donovan purchased 548 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was bought at an average cost of $457.07 per share, with a total value of $250,474.36. Following the completion of the transaction, the director now owns 3,378 shares of the company’s stock, valued at approximately $1,543,982.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LMT. Wells Fargo & Company upped their target price on Lockheed Martin from $433.00 to $440.00 in a research report on Wednesday, July 19th. StockNews.com began coverage on Lockheed Martin in a report on Thursday, August 17th. They issued a “buy” rating on the stock. Citigroup cut their price target on Lockheed Martin from $579.00 to $555.00 in a report on Wednesday, July 19th. Susquehanna cut their price target on Lockheed Martin from $575.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, July 19th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $532.00 price target on shares of Lockheed Martin in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.