Lockheed Martin Co. (NYSE:LMT) is Greystone Financial Group LLC’s 9th Largest Position

Greystone Financial Group LLC trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,294 shares of the aerospace company’s stock after selling 193 shares during the period. Lockheed Martin accounts for 2.5% of Greystone Financial Group LLC’s portfolio, making the stock its 9th largest holding. Greystone Financial Group LLC’s holdings in Lockheed Martin were worth $12,749,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LMT. Aveo Capital Partners LLC increased its stake in Lockheed Martin by 4.1% in the 4th 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 last quarter. Gryphon Financial Partners LLC raised its stake in Lockheed Martin by 111.1% during the fourth 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 in the last quarter. Wealthspire Advisors LLC lifted its position in Lockheed Martin by 16.9% during the fourth quarter. Wealthspire Advisors LLC now owns 2,846 shares of the aerospace company’s stock valued at $1,290,000 after purchasing an additional 411 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Lockheed Martin by 3.2% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 32,826 shares of the aerospace company’s stock valued at $14,878,000 after acquiring an additional 1,033 shares during the last quarter. Finally, Rossmore Private Capital grew its position in Lockheed Martin by 5.5% in the fourth quarter. Rossmore Private Capital now owns 10,896 shares of the aerospace company’s stock worth $4,939,000 after acquiring an additional 567 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In other news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total value of $2,048,556.00. Following the transaction, the insider now owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Down 0.3 %

Shares of Lockheed Martin stock traded down $1.96 during trading on Friday, hitting $566.63. 976,688 shares of the stock traded hands, compared to its average volume of 1,069,765. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. The stock’s fifty day simple moving average is $524.33 and its 200 day simple moving average is $478.58. The firm has a market cap of $135.96 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 4.56 and a beta of 0.46. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $578.73.

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

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a $3.15 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.22%. Lockheed Martin’s dividend payout ratio is presently 46.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Morgan Stanley upped their price objective on Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Barclays increased their target price on shares of Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. UBS Group lifted their price target on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. increased their price objective 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. Finally, Bank of America restated a “buy” rating and set a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $553.43.

About Lockheed Martin

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.