TPG Advisors LLC Invests $224,000 in Lockheed Martin Co. (NYSE:LMT)

TPG Advisors LLC bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the second quarter, Holdings Channel.com reports. The fund bought 481 shares of the aerospace company’s stock, valued at approximately $224,000.

A number of other large investors have also added to or reduced their stakes in the business. Aveo Capital Partners LLC boosted its holdings in shares of Lockheed Martin by 4.1% during the fourth quarter. Aveo Capital Partners LLC now owns 661 shares of the aerospace company’s stock worth $300,000 after acquiring an additional 26 shares during the period. Gryphon Financial Partners LLC boosted its stake in Lockheed Martin by 111.1% in the 4th quarter. Gryphon Financial Partners LLC now owns 2,297 shares of the aerospace company’s stock valued at $1,026,000 after purchasing an additional 1,209 shares during the period. TrinityPoint Wealth LLC grew its holdings in Lockheed Martin by 9.5% in the 4th quarter. TrinityPoint Wealth LLC now owns 3,948 shares of the aerospace company’s stock valued at $1,789,000 after buying an additional 344 shares in the last quarter. Clearbridge Investments LLC increased its position in Lockheed Martin by 1.2% during the 4th quarter. Clearbridge Investments LLC now owns 59,743 shares of the aerospace company’s stock worth $27,078,000 after buying an additional 727 shares during the period. Finally, AXS Investments LLC lifted its holdings in shares of Lockheed Martin by 662.8% during the fourth quarter. AXS Investments LLC now owns 1,373 shares of the aerospace company’s stock worth $622,000 after buying an additional 1,193 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.2 %

Lockheed Martin stock opened at $571.92 on Friday. The firm has a market cap of $137.23 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 4.55 and a beta of 0.47. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $578.73. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. The firm has a 50 day moving average price of $545.61 and a two-hundred day moving average price of $488.34.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. The business had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. Lockheed Martin’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $6.73 earnings per share. Equities analysts predict that Lockheed Martin Co. will post 26.65 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.20%. Lockheed Martin’s payout ratio is 46.10%.

Insider Activity at Lockheed Martin

In other Lockheed Martin 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 value of $2,048,556.00. Following the transaction, the insider now directly owns 8,877 shares of the company’s stock, valued at $4,574,850.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on LMT shares. TD Cowen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and upped their price target for the company from $480.00 to $560.00 in a research note on Wednesday, July 24th. JPMorgan Chase & Co. increased their target price on shares of Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and lifted their price target for the company from $540.00 to $600.00 in a research report on Friday, July 26th. Morgan Stanley raised their target price on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Finally, Wells Fargo & Company increased their price target on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $553.43.

Lockheed Martin 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.