Syon Capital LLC Raises Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Syon Capital LLC grew its stake in Lockheed Martin Co. (NYSE:LMT) by 33.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,394 shares of the aerospace company’s stock after acquiring an additional 598 shares during the quarter. Syon Capital LLC’s holdings in Lockheed Martin were worth $1,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Virtu Financial LLC lifted its position in shares of Lockheed Martin by 32.0% in the fourth quarter. Virtu Financial LLC now owns 5,012 shares of the aerospace company’s stock valued at $2,272,000 after acquiring an additional 1,216 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in Lockheed Martin by 1.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 1,626 shares of the aerospace company’s stock worth $702,000 after buying an additional 27 shares during the period. Sierra Summit Advisors LLC purchased a new position in Lockheed Martin during the fourth quarter worth about $291,000. Garde Capital Inc. purchased a new position in Lockheed Martin during the fourth quarter worth about $101,000. Finally, GLOBALT Investments LLC GA purchased a new position in Lockheed Martin during the fourth quarter worth about $5,684,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LMT has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. UBS Group increased their target price on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Wells Fargo & Company increased their target price on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Finally, Citigroup increased their target price on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Stock Performance

NYSE:LMT traded down $0.22 during trading hours on Friday, reaching $458.34. 702,880 shares of the stock were exchanged, compared to its average volume of 864,249. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The firm has a 50 day simple moving average of $462.54 and a 200-day simple moving average of $449.16. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $479.50. The stock has a market capitalization of $109.97 billion, a P/E ratio of 16.77, a P/E/G ratio of 4.32 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. Lockheed Martin’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $6.43 EPS. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be issued a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Monday, June 3rd. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.