SRN Advisors LLC Buys 90 Shares of Lockheed Martin Co. (NYSE:LMT)

SRN Advisors LLC boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 4.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,019 shares of the aerospace company’s stock after acquiring an additional 90 shares during the quarter. SRN Advisors LLC’s holdings in Lockheed Martin were worth $918,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LMT. First Pacific Financial bought a new stake in Lockheed Martin during the 1st quarter worth about $25,000. Altshuler Shaham Ltd bought a new position in shares of Lockheed Martin in the 4th quarter valued at about $26,000. Wiser Advisor Group LLC boosted its stake in shares of Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 25 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in shares of Lockheed Martin in the 1st quarter valued at about $30,000. Finally, Thompson Investment Management Inc. bought a new position in shares of Lockheed Martin in the 1st quarter valued at about $38,000. Institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In other news, insider Timothy S. Cahill sold 3,975 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the transaction, the insider now directly owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Down 0.0 %

LMT stock traded down $0.09 during mid-day trading on Friday, hitting $548.77. 1,484,756 shares of the company were exchanged, compared to its average volume of 1,127,651. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. The firm has a market cap of $130.80 billion, a P/E ratio of 20.08, a P/E/G ratio of 4.40 and a beta of 0.46. The firm’s 50 day simple moving average is $476.89 and its 200 day simple moving average is $456.78. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $561.12.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate of $6.45 by $0.66. The firm had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $6.73 EPS. On average, sell-side analysts predict that Lockheed Martin Co. will post 26.71 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.30%. Lockheed Martin’s dividend payout ratio (DPR) is currently 46.10%.

Analysts Set New Price Targets

LMT has been the topic of several recent research reports. UBS Group raised their target price on shares of Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Citigroup raised their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Susquehanna raised their target price on shares of Lockheed Martin from $540.00 to $565.00 and gave the company a “positive” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and increased their price target for the company from $540.00 to $600.00 in a research report on Friday, July 26th. Finally, Bank of America upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and increased their price target for the company from $465.00 to $635.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus price target of $526.77.

Lockheed Martin Company Profile

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.