National Asset Management Inc. Reduces Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

National Asset Management Inc. lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,351 shares of the aerospace company’s stock after selling 829 shares during the period. National Asset Management Inc.’s holdings in Lockheed Martin were worth $5,049,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LMT. Main Street Research LLC raised its position in shares of Lockheed Martin by 4.4% in the first quarter. Main Street Research LLC now owns 619 shares of the aerospace company’s stock worth $229,000 after buying an additional 26 shares in the last quarter. EPG Wealth Management LLC increased its stake in Lockheed Martin by 1.4% in the first quarter. EPG Wealth Management LLC now owns 2,025 shares of the aerospace company’s stock valued at $748,000 after acquiring an additional 27 shares during the last quarter. K.J. Harrison & Partners Inc increased its stake in Lockheed Martin by 1.0% in the first quarter. K.J. Harrison & Partners Inc now owns 2,780 shares of the aerospace company’s stock valued at $1,027,000 after acquiring an additional 27 shares during the last quarter. Marotta Asset Management increased its stake in Lockheed Martin by 3.6% in the second quarter. Marotta Asset Management now owns 777 shares of the aerospace company’s stock valued at $295,000 after acquiring an additional 27 shares during the last quarter. Finally, Kovack Advisors Inc. grew its stake in shares of Lockheed Martin by 0.6% during the second quarter. Kovack Advisors Inc. now owns 4,905 shares of the aerospace company’s stock valued at $1,856,000 after buying an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 74.51% of the company’s stock.

Shares of NYSE LMT traded up $1.62 during trading hours on Wednesday, hitting $345.96. The company’s stock had a trading volume of 5,352 shares, compared to its average volume of 1,473,404. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.15 and a current ratio of 1.36. The stock has a market cap of $95.80 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 3.23 and a beta of 0.98. Lockheed Martin Co. has a 12 month low of $319.81 and a 12 month high of $399.60. The business has a 50-day simple moving average of $364.77 and a 200-day simple moving average of $371.78.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Sunday, July 25th. The aerospace company reported $6.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $6.53 by ($0.01). Lockheed Martin had a return on equity of 123.35% and a net margin of 10.69%. The company had revenue of $17.03 billion during the quarter, compared to analysts’ expectations of $16.93 billion. During the same quarter last year, the business earned $5.79 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities research analysts forecast that Lockheed Martin Co. will post 23.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 24th. Shareholders of record on Wednesday, September 1st will be issued a $2.60 dividend. The ex-dividend date of this dividend is Tuesday, August 31st. This represents a $10.40 annualized dividend and a yield of 3.01%. Lockheed Martin’s dividend payout ratio (DPR) is presently 41.87%.

A number of brokerages have recently issued reports on LMT. Wells Fargo & Company raised their price objective on Lockheed Martin from $384.00 to $385.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 27th. Credit Suisse Group reaffirmed a “neutral” rating and set a $370.20 price objective (down from $394.00) on shares of Lockheed Martin in a research note on Tuesday, July 27th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating on shares of Lockheed Martin in a research note on Friday, September 10th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $400.87.

About Lockheed Martin

Lockheed Martin Corp. operates as a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space.

See Also: How is a management fee different from a performance fee?

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMT).

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

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.