High Falls Advisors Inc Has $400,000 Holdings in Lockheed Martin Co. (NYSE:LMT)

High Falls Advisors Inc increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 43.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 880 shares of the aerospace company’s stock after purchasing an additional 265 shares during the period. High Falls Advisors Inc’s holdings in Lockheed Martin were worth $400,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Hudock Inc. raised its stake in Lockheed Martin by 1.3% during the first quarter. Hudock Inc. now owns 1,760 shares of the aerospace company’s stock worth $801,000 after buying an additional 22 shares during the last quarter. Norris Perne & French LLP MI lifted its stake in shares of Lockheed Martin by 2.8% during the 4th quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock valued at $410,000 after buying an additional 25 shares in the last quarter. Genesee Capital Advisors LLC lifted its stake in shares of Lockheed Martin by 2.8% during the 4th quarter. Genesee Capital Advisors LLC now owns 923 shares of the aerospace company’s stock valued at $419,000 after buying an additional 25 shares in the last quarter. Hunter Associates Investment Management LLC lifted its stake in shares of Lockheed Martin by 1.3% during the 4th quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock valued at $912,000 after buying an additional 25 shares in the last quarter. Finally, Missouri Trust & Investment Co lifted its stake in Lockheed Martin by 19.8% in the 4th quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock worth $68,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded up $9.82 during midday trading on Tuesday, hitting $537.46. The company had a trading volume of 1,233,975 shares, compared to its average volume of 1,085,790. The stock has a market cap of $128.11 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 4.71 and a beta of 0.46. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10. The company has a fifty day simple moving average of $472.18 and a 200 day simple moving average of $454.93. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $538.46.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results 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 the consensus estimate of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. Lockheed Martin’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.73 EPS. As a group, analysts predict that Lockheed Martin Co. will post 26.26 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $3.15 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.34%. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LMT shares. JPMorgan Chase & Co. increased their price target on shares of Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Barclays increased their target price on shares of Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a report on Tuesday. UBS Group increased their price target on shares of Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Susquehanna increased their price target on shares of Lockheed Martin from $540.00 to $565.00 and gave the company a “positive” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and raised their target price for the stock from $540.00 to $600.00 in a research report on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus target price of $517.75.

Insider Activity

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was 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 approximately $4,574,850.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

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.