Murphy Capital Management Inc. Raises Holdings in Lockheed Martin Co. (NYSE:LMT)

Murphy Capital Management Inc. increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 8,994 shares of the aerospace company’s stock after acquiring an additional 235 shares during the period. Murphy Capital Management Inc.’s holdings in Lockheed Martin were worth $3,508,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Stillwater Capital Advisors LLC boosted its position in shares of Lockheed Martin by 0.4% during the third quarter. Stillwater Capital Advisors LLC now owns 26,316 shares of the aerospace company’s stock worth $10,265,000 after buying an additional 116 shares during the period. VeraBank N.A. purchased a new position in shares of Lockheed Martin during the third quarter worth $206,000. E&G Advisors LP boosted its position in shares of Lockheed Martin by 5.0% during the third quarter. E&G Advisors LP now owns 2,100 shares of the aerospace company’s stock worth $819,000 after buying an additional 100 shares during the period. Accurate Investment Solutions Inc. boosted its position in shares of Lockheed Martin by 257.1% during the third quarter. Accurate Investment Solutions Inc. now owns 75 shares of the aerospace company’s stock worth $29,000 after buying an additional 54 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of Lockheed Martin by 14.0% during the third quarter. Pacer Advisors Inc. now owns 26,832 shares of the aerospace company’s stock worth $10,466,000 after buying an additional 3,299 shares during the period. Institutional investors own 78.32% of the company’s stock.

Shares of NYSE:LMT traded down $3.41 during trading on Friday, hitting $383.47. 61,582 shares of the stock were exchanged, compared to its average volume of 1,134,452. The company has a fifty day moving average price of $385.55 and a two-hundred day moving average price of $354.26. The company has a market cap of $107.91 billion, a PE ratio of 21.48, a P/E/G ratio of 2.53 and a beta of 0.96. 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 12-month low of $241.18 and a 12-month high of $399.96.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.74 by $0.26. The business had revenue of $14.42 billion for the quarter, compared to analyst estimates of $14.17 billion. Lockheed Martin had a return on equity of 297.37% and a net margin of 10.18%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.31 EPS. Equities research analysts anticipate that Lockheed Martin Co. will post 21.22 earnings per share 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 is an increase from Lockheed Martin’s previous quarterly dividend of $2.20. This represents a $9.60 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, November 29th. Lockheed Martin’s payout ratio is currently 49.30%.

In related news, Director James D. Taiclet, Jr. acquired 1,354 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of $376.32 per share, for a total transaction of $509,537.28. Following the transaction, the director now directly owns 1,354 shares of the company’s stock, valued at approximately $509,537.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Marillyn A. Hewson sold 19,500 shares of Lockheed Martin stock in a transaction that occurred on 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 transaction, the chairman now owns 46,534 shares of the company’s stock, valued at $17,177,560.76. The disclosure for this sale can be found here. Insiders have sold a total of 22,503 shares of company stock valued at $8,292,527 over the last 90 days. Insiders own 0.35% of the company’s stock.

LMT has been the subject of several research analyst reports. Barclays restated a “hold” rating and set a $410.00 price target on shares of Lockheed Martin in a research report on Wednesday. DZ Bank reiterated a “hold” rating on shares of Lockheed Martin in a report on Thursday, July 25th. Morgan Stanley lifted their target price on Lockheed Martin from $376.00 to $381.00 and gave the company an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Lockheed Martin from $360.00 to $395.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Finally, UBS Group lifted their target price on Lockheed Martin from $385.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Lockheed Martin currently has a consensus rating of “Buy” and an average target price of $372.64.

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.

Further Reading: SEC Filing

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

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