Hudson Edge Investment Partners Inc. Buys 1,981 Shares of Lockheed Martin Co. (NYSE:LMT)

Hudson Edge Investment Partners Inc. lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 17.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,280 shares of the aerospace company’s stock after purchasing an additional 1,981 shares during the quarter. Lockheed Martin accounts for 1.2% of Hudson Edge Investment Partners Inc.’s holdings, making the stock its 20th biggest holding. Hudson Edge Investment Partners Inc.’s holdings in Lockheed Martin were worth $6,453,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Bank of Stockton grew its stake in Lockheed Martin by 31.8% during the fourth quarter. Bank of Stockton now owns 838 shares of the aerospace company’s stock worth $407,000 after buying an additional 202 shares in the last quarter. Transcend Capital Advisors LLC lifted its holdings in shares of Lockheed Martin by 6.0% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,719 shares of the aerospace company’s stock worth $835,000 after acquiring an additional 98 shares during the period. PYA Waltman Capital LLC boosted its position in shares of Lockheed Martin by 2.3% during the 4th quarter. PYA Waltman Capital LLC now owns 4,284 shares of the aerospace company’s stock worth $2,082,000 after acquiring an additional 96 shares in the last quarter. Physicians Financial Services Inc. increased its stake in Lockheed Martin by 2.7% in the fourth quarter. Physicians Financial Services Inc. now owns 7,559 shares of the aerospace company’s stock valued at $3,673,000 after acquiring an additional 200 shares during the last quarter. Finally, Compass Capital Corp MA ADV acquired a new position in Lockheed Martin during the fourth quarter valued at approximately $375,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $441.20 on Friday. The stock has a market cap of $103.86 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 2.05 and a beta of 0.48. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The company’s fifty day moving average is $469.94 and its 200 day moving average is $528.97.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Sell-side analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.99%. Lockheed Martin’s payout ratio is 59.30%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LMT shares. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Morgan Stanley decreased their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Susquehanna dropped their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. UBS Group decreased their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Finally, Barclays lowered their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

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.