Pachira Investments Inc. Buys 93 Shares of Lockheed Martin Co. (NYSE:LMT)

Pachira Investments Inc. raised its stake in Lockheed Martin Co. (NYSE:LMT) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,793 shares of the aerospace company’s stock after acquiring an additional 93 shares during the quarter. Lockheed Martin comprises 2.2% of Pachira Investments Inc.’s holdings, making the stock its 14th largest position. Pachira Investments Inc.’s holdings in Lockheed Martin were worth $2,802,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Trust Point Inc. boosted its position in shares of Lockheed Martin by 6.7% in the third quarter. Trust Point Inc. now owns 833 shares of the aerospace company’s stock valued at $487,000 after acquiring an additional 52 shares during the period. Aaron Wealth Advisors LLC boosted its holdings in Lockheed Martin by 38.8% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 2,076 shares of the aerospace company’s stock valued at $1,214,000 after purchasing an additional 580 shares during the period. Joule Financial LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $244,000. Stonegate Investment Group LLC increased its holdings in shares of Lockheed Martin by 1.8% during the third quarter. Stonegate Investment Group LLC now owns 104,703 shares of the aerospace company’s stock worth $61,205,000 after purchasing an additional 1,846 shares during the period. Finally, Sonoma Private Wealth LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at approximately $241,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LMT has been the subject of a number of analyst reports. Melius Research raised Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. Melius upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price target on the stock in a research report on Tuesday, September 3rd. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. UBS Group raised their target price on Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Finally, Susquehanna lifted their price target on Lockheed Martin from $565.00 to $705.00 and gave the company a “positive” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target of $597.92.

Lockheed Martin Stock Up 0.4 %

Shares of NYSE LMT opened at $611.76 on Friday. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $614.62. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07. The firm has a market cap of $146.78 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 4.84 and a beta of 0.47. The company has a 50 day simple moving average of $578.29 and a 200 day simple moving average of $510.27.

Lockheed Martin (NYSE:LMT) last issued 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 company had revenue of $18.12 billion for the quarter, compared to analysts’ expectations of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. Lockheed Martin’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.73 earnings per share. On average, research analysts forecast that Lockheed Martin Co. will post 26.68 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a $3.30 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin’s dividend payout ratio is currently 48.30%.

Insider Transactions at Lockheed Martin

In related news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 8,877 shares in the company, valued at $4,574,850.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

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.