Piscataqua Savings Bank Has $41,000 Position in Lockheed Martin Co. (NYSE:LMT)

Piscataqua Savings Bank reduced its holdings in Lockheed Martin Co. (NYSE:LMTGet Rating) by 34.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 96 shares of the aerospace company’s stock after selling 50 shares during the period. Piscataqua Savings Bank’s holdings in Lockheed Martin were worth $41,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMT. Advisor Resource Council acquired a new stake in Lockheed Martin in the 4th quarter valued at $350,000. O Shaughnessy Asset Management LLC increased its stake in shares of Lockheed Martin by 24.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,958 shares of the aerospace company’s stock worth $1,762,000 after purchasing an additional 986 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Lockheed Martin by 69.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,876 shares of the aerospace company’s stock worth $1,022,000 after purchasing an additional 1,175 shares during the last quarter. True North Advisors LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth about $521,000. Finally, Ariel Investments LLC increased its stake in shares of Lockheed Martin by 1.4% during the 4th quarter. Ariel Investments LLC now owns 22,861 shares of the aerospace company’s stock worth $8,125,000 after purchasing an additional 325 shares during the last quarter. 75.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LMT shares. Morgan Stanley lowered their price objective on shares of Lockheed Martin from $525.00 to $522.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th. Wells Fargo & Company reduced their target price on shares of Lockheed Martin from $496.00 to $406.00 and set an “equal weight” rating for the company in a report on Wednesday, July 20th. Finally, Royal Bank of Canada started coverage on shares of Lockheed Martin in a report on Monday, August 29th. They set a “sector perform” rating and a $460.00 target price for the company. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $448.92.

Insider Activity

In other news, Director John Donovan bought 632 shares of the company’s stock in a transaction dated Wednesday, July 20th. The stock was bought at an average cost of $396.16 per share, for a total transaction of $250,373.12. Following the transaction, the director now owns 1,200 shares of the company’s stock, valued at $475,392. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Gregory M. Ulmer sold 6,929 shares of the company’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 this link. Also, Director John Donovan acquired 632 shares of the stock in a transaction that occurred on Wednesday, July 20th. The shares were bought at an average price of $396.16 per share, with a total value of $250,373.12. Following the completion of the transaction, the director now owns 1,200 shares in the company, valued at $475,392. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Performance

NYSE LMT opened at $414.29 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.27 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $109.85 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.84 and a beta of 0.66. Lockheed Martin Co. has a 12-month low of $324.23 and a 12-month high of $479.99. The firm has a 50-day moving average price of $418.99 and a two-hundred day moving average price of $432.01.

Lockheed Martin (NYSE:LMTGet Rating) last posted its quarterly earnings data on Tuesday, July 19th. The aerospace company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.39 by ($5.23). The business had revenue of $15.45 billion during the quarter, compared to the consensus estimate of $16.02 billion. Lockheed Martin had a net margin of 7.33% and a return on equity of 69.02%. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $7.13 EPS. Analysts anticipate that Lockheed Martin Co. will post 26.8 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 23rd. Stockholders of record on Thursday, September 1st will be given a $2.80 dividend. This represents a $11.20 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Wednesday, August 31st. Lockheed Martin’s payout ratio is presently 64.81%.

Lockheed Martin Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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