Duality Advisers LP Has $3.79 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

Duality Advisers LP raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 118.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,337 shares of the aerospace company’s stock after buying an additional 4,519 shares during the quarter. Duality Advisers LP’s holdings in Lockheed Martin were worth $3,792,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. First Pacific Financial acquired a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $26,000. Activest Wealth Management lifted its holdings in shares of Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 60 shares during the period. Iron Horse Wealth Management LLC boosted its position in shares of Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 77 shares in the last quarter. Finally, Thompson Investment Management Inc. bought a new stake in Lockheed Martin in the first quarter valued at about $38,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 1.0 %

Shares of Lockheed Martin stock traded up $4.50 during trading on Friday, reaching $464.88. 290,270 shares of the company were exchanged, compared to its average volume of 1,062,682. The business has a 50-day moving average price of $464.94 and a 200-day moving average price of $451.36. The firm has a market capitalization of $111.54 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 4.34 and a beta of 0.46. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. Lockheed Martin’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the business posted $6.43 EPS. Sell-side analysts anticipate that Lockheed Martin Co. will post 26.19 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LMT shares. Wells Fargo & Company lifted their price objective on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. UBS Group increased their price objective on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Finally, Citigroup boosted their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $485.40.

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.