Machina Capital S.A.S. Raises Holdings in Lockheed Martin Corporation (NYSE:LMT)

Machina Capital S.A.S. grew its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 148.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,235 shares of the aerospace company's stock after purchasing an additional 3,126 shares during the period. Machina Capital S.A.S.'s holdings in Lockheed Martin were worth $2,339,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LMT. TruNorth Capital Management LLC purchased a new position in shares of Lockheed Martin during the 1st quarter valued at about $31,000. Mizuho Securities Co. Ltd. purchased a new position in Lockheed Martin in the 4th quarter worth approximately $34,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $35,000. Redwood Park Advisors LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth $40,000. Finally, Banque Transatlantique SA purchased a new stake in Lockheed Martin during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Up 0.2%

Shares of LMT traded up $1.05 during mid-day trading on Friday, reaching $421.60. 2,458,783 shares of the company's stock traded hands, compared to its average volume of 1,823,272. The stock's 50-day moving average is $465.80 and its two-hundred day moving average is $462.67. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.91. The stock has a market cap of $98.43 billion, a P/E ratio of 23.74, a P/E/G ratio of 1.45 and a beta of 0.28. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same period last year, the firm posted $7.11 EPS. Lockheed Martin's revenue was up .2% on a year-over-year basis. Research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is 74.32%.

Wall Street Analyst Weigh In

Several brokerages have commented on LMT. UBS Group decreased their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a report on Wednesday. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research note on Wednesday, April 16th. TD Cowen reiterated a "hold" rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. Finally, Robert W. Baird dropped their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a report on Wednesday. Fifteen analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of "Hold" and an average price target of $506.65.

About Lockheed Martin

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.