Lynx Investment Advisory Invests $161,000 in Lockheed Martin Co. (NYSE:LMT)

Lynx Investment Advisory purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 344 shares of the aerospace company’s stock, valued at approximately $161,000.

Other hedge funds also recently modified their holdings of the company. Trust Point Inc. bought a new stake in shares of Lockheed Martin during the 4th quarter worth $417,000. Clear Creek Financial Management LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth $204,000. Stratos Wealth Advisors LLC boosted its holdings in shares of Lockheed Martin by 0.7% during the 4th quarter. Stratos Wealth Advisors LLC now owns 7,754 shares of the aerospace company’s stock worth $3,515,000 after buying an additional 56 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of Lockheed Martin by 12.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 10,020 shares of the aerospace company’s stock worth $4,542,000 after buying an additional 1,118 shares during the period. Finally, Narwhal Capital Management boosted its holdings in shares of Lockheed Martin by 21.3% during the 4th quarter. Narwhal Capital Management now owns 23,106 shares of the aerospace company’s stock worth $10,473,000 after buying an additional 4,064 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT stock traded down $4.24 during mid-day trading on Tuesday, reaching $541.14. The company’s stock had a trading volume of 1,033,139 shares, compared to its average volume of 1,095,953. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $562.60. The company has a market cap of $128.99 billion, a P/E ratio of 20.01, a PEG ratio of 4.40 and a beta of 0.46. 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’s 50-day moving average is $478.45 and its two-hundred day moving average is $457.38.

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

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 46.10%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday, April 23rd. UBS Group increased their price target on shares of Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft raised 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 report on Friday, July 26th. Finally, Citigroup increased their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average target price of $534.46.

Insider Buying and Selling

In related news, insider Timothy S. Cahill sold 3,975 shares of the stock in a transaction dated 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 sale, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin 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.