Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,106 shares of the aerospace company’s stock after purchasing an additional 1,030 shares during the quarter. Apollon Wealth Management LLC’s holdings in Lockheed Martin were worth $4,720,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Hudock Inc. raised its stake in Lockheed Martin by 1.3% during the first quarter. Hudock Inc. now owns 1,760 shares of the aerospace company’s stock worth $801,000 after purchasing an additional 22 shares during the period. American Trust raised its holdings in shares of Lockheed Martin by 1.8% in the 1st quarter. American Trust now owns 1,394 shares of the aerospace company’s stock worth $634,000 after purchasing an additional 24 shares during the period. Hunter Associates Investment Management LLC lifted its stake in shares of Lockheed Martin by 1.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock valued at $912,000 after purchasing an additional 25 shares in the last quarter. Missouri Trust & Investment Co grew its holdings in shares of Lockheed Martin by 19.8% during the 4th quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock worth $68,000 after purchasing an additional 25 shares during the period. Finally, Rowlandmiller & PARTNERS.ADV raised its holdings in Lockheed Martin by 7.1% in the first quarter. Rowlandmiller & PARTNERS.ADV now owns 377 shares of the aerospace company’s stock valued at $171,000 after buying an additional 25 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lockheed Martin

In other news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the transaction, the insider now directly owns 8,877 shares in the company, valued at $4,574,850.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.17% of the stock is currently owned by company insiders.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $558.39 on Tuesday. The company has a market cap of $133.98 billion, a P/E ratio of 20.43, a PEG ratio of 4.40 and a beta of 0.46. The business has a 50 day moving average of $496.47 and a two-hundred day moving average of $465.71. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $564.22. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business had revenue of $18.12 billion during the quarter, compared to analyst estimates of $17.05 billion. During the same quarter in the previous year, the firm posted $6.73 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Lockheed Martin Co. will post 26.71 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a $3.15 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.26%. Lockheed Martin’s dividend payout ratio is presently 46.10%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LMT. JPMorgan Chase & Co. lifted their target price on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Royal Bank of Canada upgraded Lockheed Martin from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $500.00 to $600.00 in a report on Monday, August 5th. The Goldman Sachs Group lowered their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. Bank of America upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and upped their target price for the company from $465.00 to $635.00 in a research note on Wednesday, July 31st. Finally, TD Cowen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $480.00 to $560.00 in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $541.85.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.