SRN Advisors LLC Increases Stock Position in Lockheed Martin Co. (NYSE:LMT)

SRN Advisors LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 4.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,019 shares of the aerospace company’s stock after buying an additional 90 shares during the period. SRN Advisors LLC’s holdings in Lockheed Martin were worth $918,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. First Pacific Financial purchased a new stake in shares of Lockheed Martin during the 1st quarter valued at $25,000. Altshuler Shaham Ltd purchased a new stake in Lockheed Martin during the 4th quarter worth $26,000. Wiser Advisor Group LLC boosted its position in Lockheed Martin by 65.8% during the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 25 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in Lockheed Martin during the 1st quarter worth $30,000. Finally, Thompson Investment Management Inc. acquired a new position in Lockheed Martin in the 1st quarter worth $38,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Lockheed Martin Stock Performance

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

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share 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 analyst estimates 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 in the prior year, the business earned $6.73 earnings per share. On average, research analysts anticipate that Lockheed Martin Co. will post 26.71 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Royal Bank of Canada boosted their price objective on shares of Lockheed Martin from $470.00 to $500.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. UBS Group boosted their price objective on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. TD Cowen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $480.00 to $560.00 in a report on Wednesday, July 24th. Wells Fargo & Company boosted their price objective on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Finally, Susquehanna boosted their price objective on shares of Lockheed Martin from $540.00 to $565.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus target price of $526.77.

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.