Lockheed Martin Co. (NYSE:LMT) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,577 shares of the aerospace company’s stock after purchasing an additional 2,298 shares during the period. Pacer Advisors Inc.’s holdings in Lockheed Martin were worth $16,120,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC purchased a new stake in shares of Lockheed Martin in the third quarter valued at approximately $8,556,000. Trustmark National Bank Trust Department lifted its holdings in Lockheed Martin by 5.9% in the third quarter. Trustmark National Bank Trust Department now owns 665 shares of the aerospace company’s stock valued at $389,000 after acquiring an additional 37 shares during the period. King Luther Capital Management Corp boosted its position in shares of Lockheed Martin by 1.1% during the 3rd quarter. King Luther Capital Management Corp now owns 7,652 shares of the aerospace company’s stock worth $4,473,000 after purchasing an additional 85 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in shares of Lockheed Martin by 8.3% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 23,542 shares of the aerospace company’s stock worth $13,762,000 after purchasing an additional 1,811 shares during the period. Finally, Moran Wealth Management LLC increased its holdings in shares of Lockheed Martin by 1.3% in the 3rd quarter. Moran Wealth Management LLC now owns 107,916 shares of the aerospace company’s stock valued at $63,083,000 after purchasing an additional 1,334 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of several recent analyst reports. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their price target on Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. TD Cowen boosted their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. UBS Group lifted their price target on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird increased their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $611.00.

Lockheed Martin Price Performance

LMT stock opened at $542.22 on Friday. The stock has a market capitalization of $128.53 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 4.43 and a beta of 0.49. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The stock’s fifty day simple moving average is $573.12 and its 200-day simple moving average is $526.94.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period last year, the company earned $6.77 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. Equities research analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a dividend of $3.30 per share. The ex-dividend date is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.43%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is currently 45.62%.

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.