Hudson Edge Investment Partners Inc. Acquires 873 Shares of Lockheed Martin Corporation (NYSE:LMT)

Hudson Edge Investment Partners Inc. raised its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 6.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,153 shares of the aerospace company’s stock after purchasing an additional 873 shares during the period. Lockheed Martin makes up about 1.3% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 24th largest holding. Hudson Edge Investment Partners Inc.’s holdings in Lockheed Martin were worth $6,322,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LMT. First American Bank raised its position in Lockheed Martin by 18.8% in the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock worth $3,749,000 after buying an additional 1,327 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at about $33,294,000. State of Wyoming grew its stake in shares of Lockheed Martin by 93.9% in the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company’s stock worth $541,000 after acquiring an additional 539 shares during the period. Cantor Fitzgerald Investment Advisors L.P. lifted its position in Lockheed Martin by 18.6% during the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock valued at $7,652,000 after purchasing an additional 2,686 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in Lockheed Martin by 3.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company’s stock worth $49,893,000 after purchasing an additional 3,809 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.7%

NYSE LMT opened at $462.82 on Thursday. Lockheed Martin Corporation has a 12 month low of $418.88 and a 12 month high of $618.95. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. The stock has a market cap of $108.44 billion, a PE ratio of 19.99, a P/E/G ratio of 1.62 and a beta of 0.28. The stock’s 50 day moving average is $470.96 and its 200 day moving average is $466.07.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The firm had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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 given a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. Lockheed Martin’s payout ratio is 57.02%.

Wall Street Analysts Forecast Growth

LMT has been the topic of several research analyst reports. Baird R W raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Robert W. Baird raised Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 target price on the stock in a report on Wednesday, April 23rd. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 3rd. UBS Group lifted their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 23rd. Finally, Bank of America lowered Lockheed Martin from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and an average price target of $541.80.

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.