Public Sector Pension Investment Board Buys 4,114 Shares of Lockheed Martin Co. (NYSE:LMT)

Public Sector Pension Investment Board raised its position in Lockheed Martin Co. (NYSE:LMT) by 110.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 7,847 shares of the aerospace company’s stock after buying an additional 4,114 shares during the period. Public Sector Pension Investment Board’s holdings in Lockheed Martin were worth $3,665,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Edge Capital Group LLC raised its holdings in Lockheed Martin by 16.2% during the 2nd quarter. Edge Capital Group LLC now owns 12,469 shares of the aerospace company’s stock worth $5,824,000 after purchasing an additional 1,739 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Lockheed Martin by 168.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,020 shares of the aerospace company’s stock worth $1,411,000 after buying an additional 1,895 shares during the last quarter. Fairscale Capital LLC acquired a new position in Lockheed Martin in the second quarter valued at approximately $230,000. Fidelis Capital Partners LLC boosted its stake in Lockheed Martin by 98.3% in the second quarter. Fidelis Capital Partners LLC now owns 5,286 shares of the aerospace company’s stock valued at $2,469,000 after acquiring an additional 2,620 shares during the last quarter. Finally, Frank Rimerman Advisors LLC grew its holdings in Lockheed Martin by 52,325.0% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,097 shares of the aerospace company’s stock worth $980,000 after acquiring an additional 2,093 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Melius Research raised Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. TD Cowen upgraded Lockheed Martin from a “hold” rating to a “buy” rating and raised their target price for the stock from $480.00 to $560.00 in a report on Wednesday, July 24th. Morgan Stanley upped their price target on Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Wells Fargo & Company lifted their price objective on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, UBS Group upped their target price on shares of Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $553.43.

Insider Transactions at Lockheed Martin

In related news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction dated 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 sale, the insider now owns 8,877 shares of the company’s stock, valued at $4,574,850.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Up 0.8 %

Shares of Lockheed Martin stock opened at $582.29 on Friday. The firm has a market cap of $139.71 billion, a PE ratio of 21.31, a P/E/G ratio of 4.66 and a beta of 0.47. The business’s 50 day simple moving average is $556.36 and its 200 day simple moving average is $493.44. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $584.07.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The company had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.05 billion. During the same period last year, the company earned $6.73 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

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.