Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Industrial Alliance Investment Management Inc.

Industrial Alliance Investment Management Inc. grew its position in Lockheed Martin Co. (NYSE:LMT) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 940 shares of the aerospace company’s stock after purchasing an additional 30 shares during the quarter. Industrial Alliance Investment Management Inc.’s holdings in Lockheed Martin were worth $428,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Warther Private Wealth LLC grew its position in shares of Lockheed Martin by 86.1% in the 4th quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock valued at $7,419,000 after buying an additional 7,575 shares during the last quarter. Morningstar Investment Services LLC grew its position in shares of Lockheed Martin by 99.6% in the 4th quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock valued at $66,697,000 after buying an additional 73,774 shares during the last quarter. AdvisorNet Financial Inc grew its position in shares of Lockheed Martin by 0.4% in the 4th quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock valued at $3,509,000 after buying an additional 29 shares during the last quarter. Cercano Management LLC purchased a new position in shares of Lockheed Martin in the 4th quarter valued at $29,454,000. Finally, Brevan Howard Capital Management LP grew its position in shares of Lockheed Martin by 414.2% in the 4th quarter. Brevan Howard Capital Management LP now owns 7,121 shares of the aerospace company’s stock valued at $3,228,000 after buying an additional 5,736 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded up $9.82 during midday trading on Tuesday, hitting $537.46. The stock had a trading volume of 1,233,975 shares, compared to its average volume of 1,085,790. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $538.46. The stock has a 50 day moving average price of $472.18 and a two-hundred day moving average price of $454.93. The company has a market capitalization of $128.11 billion, a PE ratio of 19.67, a P/E/G ratio of 4.71 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.45 by $0.66. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The firm had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. During the same quarter last year, the business earned $6.73 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Lockheed Martin Co. will post 26.26 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be paid a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Wall Street Analyst Weigh In

A number of research firms recently commented on LMT. Citigroup increased their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada raised their price objective on shares of Lockheed Martin from $470.00 to $500.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th. TD Cowen raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and raised their price objective for the stock from $480.00 to $560.00 in a research report on Wednesday, July 24th. Susquehanna raised their price objective on shares of Lockheed Martin from $540.00 to $565.00 and gave the stock a “positive” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and raised their price objective for the stock from $540.00 to $600.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $517.75.

Insider Activity at Lockheed Martin

In related news, insider Timothy S. Cahill sold 3,975 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total value of $2,048,556.00. Following the completion of the sale, the insider now owns 8,877 shares in the company, valued at $4,574,850.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

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.