Railway Pension Investments Ltd Has $64.71 Million Position in Lockheed Martin Co. (NYSE:LMT)

Railway Pension Investments Ltd decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,253 shares of the aerospace company’s stock after selling 200 shares during the period. Railway Pension Investments Ltd owned about 0.06% of Lockheed Martin worth $64,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. First Pacific Financial acquired a new stake in Lockheed Martin in the first quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Lockheed Martin during the 4th quarter valued at $26,000. Wiser Advisor Group LLC grew 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 acquiring an additional 25 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Lockheed Martin in the 1st quarter worth about $30,000. Finally, Thompson Investment Management Inc. bought a new position in Lockheed Martin in the first quarter valued at about $38,000. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on LMT. TD Cowen raised Lockheed Martin from a “hold” rating to a “buy” rating and upped their price objective for the company from $480.00 to $560.00 in a research note on Wednesday, July 24th. Susquehanna raised their price target on shares of Lockheed Martin from $540.00 to $565.00 and gave the company a “positive” rating in a research note on Wednesday, July 24th. Wells Fargo & Company lifted their price target 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. UBS Group raised their target price on Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $526.77.

Lockheed Martin Stock Down 0.0 %

LMT traded down $0.09 during midday trading on Friday, hitting $548.77. The company had a trading volume of 1,484,756 shares, compared to its average volume of 1,127,651. The company has a market capitalization of $130.80 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 4.40 and a beta of 0.46. The stock’s 50 day moving average price is $476.89 and its 200 day moving average price is $456.78. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $561.12.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results 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. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.05 billion. During the same quarter in the prior year, the company earned $6.73 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $3.15 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.30%. Lockheed Martin’s payout ratio is 46.10%.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the sale, the insider now directly owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

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.