Lockheed Martin Co. (NYSE:LMT) Shares Sold by Buckley Wealth Management LLC

Buckley Wealth Management LLC lowered its holdings in Lockheed Martin Co. (NYSE:LMT) by 1.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,391 shares of the aerospace company’s stock after selling 154 shares during the quarter. Lockheed Martin accounts for about 1.8% of Buckley Wealth Management LLC’s holdings, making the stock its 18th biggest position. Buckley Wealth Management LLC’s holdings in Lockheed Martin were worth $3,663,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Chesley Taft & Associates LLC raised its stake in shares of Lockheed Martin by 0.6% during the 3rd quarter. Chesley Taft & Associates LLC now owns 4,496 shares of the aerospace company’s stock worth $1,754,000 after buying an additional 26 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Lockheed Martin by 0.5% during the 2nd quarter. Private Trust Co. NA now owns 5,385 shares of the aerospace company’s stock worth $1,957,000 after buying an additional 28 shares during the last quarter. Independence Bank of Kentucky raised its stake in shares of Lockheed Martin by 12.0% during the 2nd quarter. Independence Bank of Kentucky now owns 280 shares of the aerospace company’s stock worth $102,000 after buying an additional 30 shares during the last quarter. Granite Investment Partners LLC raised its stake in shares of Lockheed Martin by 0.3% during the 2nd quarter. Granite Investment Partners LLC now owns 10,622 shares of the aerospace company’s stock worth $3,862,000 after buying an additional 30 shares during the last quarter. Finally, Marietta Wealth Management LLC raised its stake in shares of Lockheed Martin by 0.9% during the 2nd quarter. Marietta Wealth Management LLC now owns 3,496 shares of the aerospace company’s stock worth $1,271,000 after buying an additional 30 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Lockheed Martin stock traded down $5.41 during midday trading on Friday, reaching $381.47. 1,326,890 shares of the company were exchanged, compared to its average volume of 1,134,452. The company has a market capitalization of $107.91 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 2.53 and a beta of 0.96. The firm’s 50-day simple moving average is $385.55 and its 200-day simple moving average is $354.26. Lockheed Martin Co. has a 1 year low of $241.18 and a 1 year high of $399.96. The company has a debt-to-equity ratio of 4.36, a quick ratio of 0.96 and a current ratio of 1.20.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $5.00 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.26. The firm had revenue of $14.42 billion during the quarter, compared to analysts’ expectations of $14.17 billion. Lockheed Martin had a return on equity of 297.37% and a net margin of 10.18%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.31 EPS. On average, analysts forecast that Lockheed Martin Co. will post 21.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be given a dividend of $2.40 per share. This represents a $9.60 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Friday, November 29th. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.20. Lockheed Martin’s dividend payout ratio (DPR) is currently 49.30%.

Several research analysts have recently issued reports on LMT shares. Credit Suisse Group lifted their price target on Lockheed Martin from $379.00 to $401.00 and gave the stock a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on Lockheed Martin from $360.00 to $395.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. DZ Bank reaffirmed a “hold” rating on shares of Lockheed Martin in a research note on Thursday, July 25th. Morgan Stanley lifted their price objective on Lockheed Martin from $376.00 to $381.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Barclays reiterated a “hold” rating and set a $410.00 price objective on shares of Lockheed Martin in a research report on Wednesday. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $372.64.

In other Lockheed Martin news, Chairman Marillyn A. Hewson sold 19,500 shares of Lockheed Martin stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $369.14, for a total value of $7,198,230.00. Following the completion of the sale, the chairman now owns 46,534 shares in the company, valued at approximately $17,177,560.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James D. Taiclet, Jr. purchased 1,354 shares of the stock in a transaction on Friday, August 9th. The stock was acquired at an average price of $376.32 per share, with a total value of $509,537.28. Following the acquisition, the director now directly owns 1,354 shares in the company, valued at $509,537.28. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 22,503 shares of company stock valued at $8,292,527. 0.35% of the stock is currently owned by company insiders.

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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