NumerixS Investment Technologies Inc Cuts Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

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NumerixS Investment Technologies Inc lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 86.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 600 shares of the aerospace company’s stock after selling 3,904 shares during the period. NumerixS Investment Technologies Inc’s holdings in Lockheed Martin were worth $218,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Krane Funds Advisors LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter valued at $26,000. Paragon Capital Management LLC raised its stake in shares of Lockheed Martin by 406.7% in the 2nd quarter. Paragon Capital Management LLC now owns 76 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 61 shares during the period. Advisors Preferred LLC purchased a new position in shares of Lockheed Martin in the 1st quarter valued at $26,000. Heritage Wealth Advisors raised its stake in shares of Lockheed Martin by 304.3% in the 1st quarter. Heritage Wealth Advisors now owns 93 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 70 shares during the period. Finally, MRA Associates USA LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter valued at $38,000. 78.33% of the stock is currently owned by institutional investors.

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

LMT stock traded down $2.19 during mid-day trading on Thursday, hitting $394.85. 582,808 shares of the company were exchanged, compared to its average volume of 914,100. The company has a market capitalization of $110.89 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 2.61 and a beta of 0.95. The company has a current ratio of 1.20, a quick ratio of 0.96 and a debt-to-equity ratio of 4.36. Lockheed Martin Co. has a twelve month low of $241.18 and a twelve month high of $399.96. The firm has a fifty day simple moving average of $378.60 and a 200 day simple moving average of $344.82.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.74 by $0.26. The company had revenue of $14.42 billion during the quarter, compared to analyst estimates of $14.17 billion. Lockheed Martin had a net margin of 10.18% and a return on equity of 297.37%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $4.31 EPS. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 21.2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Friday, August 30th. Lockheed Martin’s dividend payout ratio is currently 49.30%.

A number of brokerages have recently commented on LMT. UBS Group raised their target price on shares of Lockheed Martin from $385.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. DZ Bank reaffirmed a “hold” rating on shares of Lockheed Martin in a research note on Thursday, July 25th. Credit Suisse Group lifted their price target on shares of Lockheed Martin from $369.00 to $379.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of Lockheed Martin from $360.00 to $395.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley lifted their price target on shares of Lockheed Martin from $356.00 to $376.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Lockheed Martin currently has a consensus rating of “Buy” and a consensus price target of $367.86.

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. 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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