Cantor Fitzgerald Investment Advisors L.P. Buys Shares of 22,246 Lockheed Martin Co. (NYSE:LMT)

Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Lockheed Martin Co. (NYSE:LMTFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,246 shares of the aerospace company’s stock, valued at approximately $10,083,000.

A number of other hedge funds also recently modified their holdings of LMT. WealthPlan Investment Management LLC raised its position in shares of Lockheed Martin by 132.9% during the third quarter. WealthPlan Investment Management LLC now owns 10,230 shares of the aerospace company’s stock worth $4,184,000 after purchasing an additional 5,838 shares during the period. Childress Capital Advisors LLC bought a new position in shares of Lockheed Martin during the third quarter worth about $305,000. Flputnam Investment Management Co. grew its holdings in shares of Lockheed Martin by 27.6% during the third quarter. Flputnam Investment Management Co. now owns 1,298 shares of the aerospace company’s stock worth $531,000 after buying an additional 281 shares in the last quarter. HM Payson & Co. grew its holdings in shares of Lockheed Martin by 12.2% during the third quarter. HM Payson & Co. now owns 11,416 shares of the aerospace company’s stock worth $4,669,000 after buying an additional 1,244 shares in the last quarter. Finally, Smithfield Trust Co grew its holdings in shares of Lockheed Martin by 11.7% during the third quarter. Smithfield Trust Co now owns 4,744 shares of the aerospace company’s stock worth $1,938,000 after buying an additional 496 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LMT. Citigroup increased their price objective on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $475.00 to $518.00 in a report on Monday, April 15th. Wells Fargo & Company raised their price target on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $485.40.

Get Our Latest Research Report on LMT

Lockheed Martin Stock Performance

Shares of NYSE LMT traded up $0.27 during midday trading on Friday, hitting $467.35. 513,802 shares of the company’s stock were exchanged, compared to its average volume of 757,857. 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 12 month low of $393.77 and a 12 month high of $479.50. The company’s 50 day moving average price is $457.87 and its 200 day moving average price is $447.36. The firm has a market capitalization of $112.14 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 4.40 and a beta of 0.46.

Lockheed Martin (NYSE:LMTGet Free Report) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. During the same period in the previous year, the company posted $6.43 EPS. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, analysts predict that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a $3.15 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $12.60 annualized dividend and a yield of 2.70%. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Insider Activity at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock worth $7,249,946 in the last ninety days. 0.17% of the stock is owned by company insiders.

Lockheed Martin Company Profile

(Free Report)

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.

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

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