TradeLink Capital LLC Invests $234,000 in Lockheed Martin Co. (NYSE:LMT)

TradeLink Capital LLC purchased a new position in Lockheed Martin Co. (NYSE:LMT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 500 shares of the aerospace company’s stock, valued at approximately $234,000.

Other institutional investors also recently added to or reduced their stakes in the company. Meeder Advisory Services Inc. boosted its holdings in shares of Lockheed Martin by 21.3% in the second quarter. Meeder Advisory Services Inc. now owns 4,853 shares of the aerospace company’s stock valued at $2,267,000 after purchasing an additional 851 shares during the period. Abbrea Capital LLC lifted its holdings in shares of Lockheed Martin by 4.4% in the 2nd quarter. Abbrea Capital LLC now owns 1,601 shares of the aerospace company’s stock worth $748,000 after buying an additional 67 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Lockheed Martin by 224.2% in the 2nd quarter. Meeder Asset Management Inc. now owns 107 shares of the aerospace company’s stock worth $50,000 after buying an additional 74 shares during the period. Nuance Investments LLC grew its position in shares of Lockheed Martin by 36.0% during the 2nd quarter. Nuance Investments LLC now owns 54,358 shares of the aerospace company’s stock worth $25,391,000 after buying an additional 14,401 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its stake in shares of Lockheed Martin by 1.8% during the second quarter. Main Street Financial Solutions LLC now owns 4,107 shares of the aerospace company’s stock valued at $1,919,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of a number of research reports. Bank of America reissued a “buy” rating and set a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $540.00 to $600.00 in a research note on Friday, July 26th. Melius upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 target price for the company in a report on Tuesday, September 3rd. Barclays lifted their price target on Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Finally, Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $553.43.

Insider Buying and Selling

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 8,877 shares of the company’s stock, valued at $4,574,850.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Price Performance

NYSE LMT opened at $568.27 on Friday. The stock’s fifty day moving average price is $532.73 and its 200 day moving average price is $482.55. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $578.73. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07. The company has a market cap of $135.45 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 4.55 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.45 by $0.66. The firm had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $6.73 earnings per share. As a group, equities research analysts forecast that Lockheed Martin Co. will post 26.65 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be paid a $3.15 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.22%. Lockheed Martin’s payout ratio is currently 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.