Symmetry Investments LP Takes Position in Lockheed Martin Co. (NYSE:LMT)

Symmetry Investments LP acquired a new stake in Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,297 shares of the aerospace company’s stock, valued at approximately $588,000.

Several other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in Lockheed Martin by 10,526.6% during the fourth quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock worth $617,416,000 after buying an additional 1,349,409 shares in the last quarter. Franklin Resources Inc. increased its position in Lockheed Martin by 14.9% during the fourth quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock worth $1,173,641,000 after buying an additional 336,588 shares in the last quarter. Vanguard Group Inc. increased its position in Lockheed Martin by 1.3% during the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after buying an additional 279,162 shares in the last quarter. Corient Private Wealth LLC increased its position in Lockheed Martin by 91.8% during the fourth quarter. Corient Private Wealth LLC now owns 574,017 shares of the aerospace company’s stock worth $260,169,000 after buying an additional 274,680 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Lockheed Martin by 28.5% during the third quarter. Envestnet Asset Management Inc. now owns 707,696 shares of the aerospace company’s stock worth $289,419,000 after buying an additional 156,842 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LMT shares. UBS Group raised their price objective on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Wells Fargo & Company raised their price objective on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Finally, Citigroup raised 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Trading Down 1.0 %

Shares of LMT opened at $462.77 on Tuesday. The stock’s 50-day moving average is $461.99 and its two-hundred day moving average is $448.86. The stock has a market cap of $111.04 billion, a PE ratio of 17.10, a P/E/G ratio of 4.42 and a beta of 0.48. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month 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.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.43 earnings per share. Equities analysts forecast that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be paid a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Monday, June 3rd. Lockheed Martin’s dividend payout ratio is presently 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.