Lockheed Martin Co. (NYSE:LMT) Shares Bought by Entropy Technologies LP

Entropy Technologies LP grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 213.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 10,570 shares of the aerospace company’s stock after purchasing an additional 7,199 shares during the quarter. Entropy Technologies LP’s holdings in Lockheed Martin were worth $4,808,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. First Pacific Financial acquired a new position in shares of Lockheed Martin in the 1st quarter worth $25,000. Altshuler Shaham Ltd acquired a new position in shares of Lockheed Martin in the 4th quarter worth $26,000. Activest Wealth Management grew its holdings in shares of Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 60 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Lockheed Martin in the 1st quarter worth $30,000. Finally, Iron Horse Wealth Management LLC grew its holdings in shares of Lockheed Martin by 1,925.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 77 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LMT has been the topic of a number of recent research reports. UBS Group lifted their target price on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $475.00 to $518.00 in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft lifted their target price on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Citigroup raised their target price on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group decreased their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $485.40.

Lockheed Martin Stock Up 1.6 %

LMT traded up $7.28 during trading on Wednesday, reaching $475.86. 1,122,521 shares of the stock traded hands, compared to its average volume of 1,060,782. The stock has a market cap of $114.18 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 4.36 and a beta of 0.46. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The stock’s 50-day simple moving average is $465.23 and its two-hundred day simple moving average is $451.86.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter last year, the firm earned $6.43 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.19 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be given a $3.15 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.65%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

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.