Lockheed Martin Co. (NYSE:LMT) Shares Sold by ARP Americas LP

ARP Americas LP decreased its stake in Lockheed Martin Co. (NYSE:LMT) by 38.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,906 shares of the aerospace company’s stock after selling 1,820 shares during the period. Lockheed Martin makes up 0.1% of ARP Americas LP’s portfolio, making the stock its 24th biggest position. ARP Americas LP’s holdings in Lockheed Martin were worth $1,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors boosted its holdings in Lockheed Martin by 1.5% in the first quarter. Capital World Investors now owns 17,207,412 shares of the aerospace company’s stock valued at $5,832,471,000 after purchasing an additional 252,054 shares during the last quarter. Capital International Investors lifted its holdings in Lockheed Martin by 6.5% during the 1st quarter. Capital International Investors now owns 2,375,034 shares of the aerospace company’s stock worth $805,018,000 after buying an additional 144,422 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in Lockheed Martin during the 2nd quarter worth approximately $49,952,000. Waddell & Reed Financial Inc. lifted its holdings in Lockheed Martin by 36.4% during the 1st quarter. Waddell & Reed Financial Inc. now owns 465,483 shares of the aerospace company’s stock worth $157,775,000 after buying an additional 124,146 shares during the last quarter. Finally, Ziegler Capital Management LLC bought a new position in Lockheed Martin during the 1st quarter worth approximately $38,165,000. 81.87% of the stock is owned by institutional investors.

LMT traded down $2.75 during trading hours on Friday, hitting $378.97. The company’s stock had a trading volume of 1,101,905 shares, compared to its average volume of 1,406,967. Lockheed Martin Co. has a fifty-two week low of $266.11 and a fifty-two week high of $442.53. The company has a current ratio of 1.31, a quick ratio of 1.08 and a debt-to-equity ratio of 3.22. The firm has a market capitalization of $106.27 billion, a PE ratio of 16.61, a PEG ratio of 2.25 and a beta of 0.95. The company has a 50-day simple moving average of $369.01 and a 200 day simple moving average of $382.20.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 21st. The aerospace company reported $5.79 EPS for the quarter, beating the consensus estimate of $5.72 by $0.07. Lockheed Martin had a return on equity of 182.05% and a net margin of 10.25%. The firm had revenue of $16.22 billion for the quarter, compared to analysts’ expectations of $15.19 billion. During the same period last year, the firm earned $5.00 EPS. The firm’s revenue was up 12.4% compared to the same quarter last year. Research analysts expect that Lockheed Martin Co. will post 24.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a $2.40 dividend. This represents a $9.60 annualized dividend and a yield of 2.53%. The ex-dividend date is Monday, August 31st. Lockheed Martin’s dividend payout ratio is currently 43.74%.

A number of research analysts have commented on LMT shares. Vertical Research reaffirmed a “buy” rating and set a $410.00 target price on shares of Lockheed Martin in a report on Tuesday, April 21st. UBS Group reduced their target price on Lockheed Martin from $482.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, June 11th. Credit Suisse Group reduced their target price on Lockheed Martin from $433.00 to $400.00 and set a “hold” rating on the stock in a report on Friday, July 17th. Seaport Global Securities initiated coverage on Lockheed Martin in a report on Tuesday, May 19th. They set a “buy” rating and a $435.00 target price on the stock. Finally, Bank of America increased their price target on Lockheed Martin from $400.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $442.67.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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

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