Noesis Capital Mangement Corp Takes $233,000 Position in Lockheed Martin Co. (NYSE:LMT)

Noesis Capital Mangement Corp purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 640 shares of the aerospace company’s stock, valued at approximately $233,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC increased its holdings in Lockheed Martin by 38,923.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,341,221 shares of the aerospace company’s stock valued at $134,122,000 after purchasing an additional 1,337,784 shares during the last quarter. Geode Capital Management LLC increased its holdings in Lockheed Martin by 25.3% in the 4th quarter. Geode Capital Management LLC now owns 3,422,800 shares of the aerospace company’s stock valued at $894,874,000 after purchasing an additional 691,751 shares during the last quarter. Waverton Investment Management Ltd increased its holdings in Lockheed Martin by 159.0% in the 2nd quarter. Waverton Investment Management Ltd now owns 235,976 shares of the aerospace company’s stock valued at $85,787,000 after purchasing an additional 144,869 shares during the last quarter. Rothschild & Co. Asset Management US Inc. acquired a new stake in Lockheed Martin in the 2nd quarter valued at approximately $32,316,000. Finally, Deprince Race & Zollo Inc. acquired a new stake in Lockheed Martin in the 1st quarter valued at approximately $17,232,000. 78.70% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently weighed in on LMT. UBS Group lifted their target price on shares of Lockheed Martin from $385.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. lifted their target price on shares of Lockheed Martin from $360.00 to $395.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. DZ Bank reiterated a “hold” rating on shares of Lockheed Martin in a report on Thursday, July 25th. Robert W. Baird lifted their target price on shares of Lockheed Martin from $326.00 to $371.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, Barclays lifted their target price on shares of Lockheed Martin from $340.00 to $370.00 and gave the company an “equal weight” rating in a report on Thursday, May 16th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $367.86.

In other Lockheed Martin news, Chairman Marillyn A. Hewson sold 19,500 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $369.14, for a total value of $7,198,230.00. Following the completion of the transaction, the chairman now owns 46,534 shares in the company, valued at $17,177,560.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James D. Taiclet, Jr. purchased 1,354 shares of the company’s stock in a transaction on Friday, August 9th. The stock was acquired at an average price of $376.32 per share, with a total value of $509,537.28. Following the purchase, the director now owns 1,354 shares of the company’s stock, valued at $509,537.28. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 22,503 shares of company stock valued at $8,292,527. Insiders own 0.35% of the company’s stock.

Shares of NYSE:LMT traded down $0.27 during trading on Thursday, hitting $382.73. The company’s stock had a trading volume of 15,193 shares, compared to its average volume of 1,121,801. The business has a 50 day moving average price of $368.62 and a two-hundred day moving average price of $333.88. The company has a market capitalization of $108.28 billion, a PE ratio of 21.42, a P/E/G ratio of 2.53 and a beta of 0.97. The company has a debt-to-equity ratio of 4.36, a quick ratio of 0.96 and a current ratio of 1.20. Lockheed Martin Co. has a fifty-two week low of $241.18 and a fifty-two week high of $384.27.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.74 by $0.26. The business had revenue of $14.42 billion during the quarter, compared to the consensus estimate of $14.17 billion. Lockheed Martin had a net margin of 10.18% and a return on equity of 297.37%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.31 earnings per share. As a group, equities analysts expect that Lockheed Martin Co. will post 21.2 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a $2.20 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $8.80 annualized dividend and a dividend yield of 2.30%. Lockheed Martin’s dividend payout ratio (DPR) is 49.30%.

Lockheed Martin Company 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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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