Lockheed Martin Co. (NYSE:LMT) Position Boosted by Industrial Alliance Investment Management Inc.

Industrial Alliance Investment Management Inc. grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 3.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 940 shares of the aerospace company’s stock after purchasing an additional 30 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in Lockheed Martin were worth $428,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Warther Private Wealth LLC boosted its position in shares of Lockheed Martin by 86.1% during the 4th quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock valued at $7,419,000 after purchasing an additional 7,575 shares in the last quarter. Morningstar Investment Services LLC boosted its position in shares of Lockheed Martin by 99.6% during the 4th quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock valued at $66,697,000 after purchasing an additional 73,774 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of Lockheed Martin by 0.4% during the 4th quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock valued at $3,509,000 after purchasing an additional 29 shares in the last quarter. Cercano Management LLC purchased a new stake in Lockheed Martin during the fourth quarter valued at about $29,454,000. Finally, Brevan Howard Capital Management LP lifted its stake in Lockheed Martin by 414.2% during the fourth 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 in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on LMT. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. upped their price objective on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Citigroup upped their price objective 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. UBS Group increased their price target on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, TD Cowen raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and increased their price target for the stock from $480.00 to $560.00 in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $517.75.

Insider Buying and Selling

In related news, insider Timothy S. Cahill sold 3,975 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total value 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 $4,574,850.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.17% of the stock is owned by company insiders.

Lockheed Martin Stock Performance

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

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 business 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%. Lockheed Martin’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $6.73 earnings per share. As a group, equities analysts predict that Lockheed Martin Co. will post 26.26 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business 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 annualized dividend and a dividend yield of 2.34%. Lockheed Martin’s payout ratio is 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.