Lockheed Martin Co. (NYSE:LMT) is Schulhoff & Co. Inc.’s 3rd Largest Position

Schulhoff & Co. Inc. raised its holdings in Lockheed Martin Co. (NYSE:LMTGet Rating) by 0.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,750 shares of the aerospace company’s stock after acquiring an additional 85 shares during the period. Lockheed Martin makes up 3.1% of Schulhoff & Co. Inc.’s investment portfolio, making the stock its 3rd largest position. Schulhoff & Co. Inc.’s holdings in Lockheed Martin were worth $7,393,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LMT. Mount Yale Investment Advisors LLC increased its position in shares of Lockheed Martin by 38.1% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 2,582 shares of the aerospace company’s stock valued at $918,000 after purchasing an additional 712 shares during the last quarter. RFG Advisory LLC grew its position in Lockheed Martin by 1.9% during the fourth quarter. RFG Advisory LLC now owns 3,999 shares of the aerospace company’s stock valued at $1,421,000 after acquiring an additional 75 shares during the last quarter. Valmark Advisers Inc. raised its stake in shares of Lockheed Martin by 1.8% during the fourth quarter. Valmark Advisers Inc. now owns 3,480 shares of the aerospace company’s stock worth $1,237,000 after acquiring an additional 60 shares in the last quarter. TrueWealth Advisors LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $203,000. Finally, Intelligence Driven Advisers LLC purchased a new stake in shares of Lockheed Martin in the 4th quarter valued at $412,000. Institutional investors own 78.89% of the company’s stock.

Lockheed Martin Stock Performance

LMT stock traded down $1.72 during midday trading on Friday, reaching $426.41. 932,609 shares of the company’s stock traded hands, compared to its average volume of 1,328,485. The stock’s 50-day moving average is $418.80 and its 200 day moving average is $424.98. The stock has a market cap of $113.06 billion, a P/E ratio of 24.68, a PEG ratio of 2.93 and a beta of 0.67. Lockheed Martin Co. has a 52-week low of $324.23 and a 52-week high of $479.99. The company has a current ratio of 1.27, a quick ratio of 1.06 and a debt-to-equity ratio of 1.02.

Lockheed Martin (NYSE:LMTGet Rating) last released its earnings results on Tuesday, July 19th. The aerospace company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $6.39 by ($5.23). The firm had revenue of $15.45 billion for the quarter, compared to the consensus estimate of $16.02 billion. Lockheed Martin had a return on equity of 69.02% and a net margin of 7.33%. Lockheed Martin’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.13 EPS. As a group, analysts anticipate that Lockheed Martin Co. will post 26.8 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Thursday, September 1st will be paid a dividend of $2.80 per share. This represents a $11.20 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Wednesday, August 31st. Lockheed Martin’s payout ratio is presently 64.81%.

Analyst Ratings Changes

LMT has been the topic of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Lockheed Martin from $496.00 to $406.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 20th. Argus boosted their target price on Lockheed Martin from $415.00 to $500.00 in a research note on Wednesday, April 20th. Susquehanna raised their price target on Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. Susquehanna Bancshares boosted their price objective on Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. Finally, Morgan Stanley cut their target price on shares of Lockheed Martin from $525.00 to $522.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $448.00.

Insider Buying and Selling at Lockheed Martin

In other news, EVP Gregory M. Ulmer sold 6,929 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $423.87, for a total transaction of $2,936,995.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Gregory M. Ulmer sold 6,929 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $423.87, for a total value of $2,936,995.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Donovan bought 632 shares of the business’s stock in a transaction dated Wednesday, July 20th. The shares were acquired at an average cost of $396.16 per share, for a total transaction of $250,373.12. Following the purchase, the director now owns 1,200 shares of the company’s stock, valued at approximately $475,392. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by company insiders.

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.

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

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