AXQ Capital LP Buys 1,296 Shares of Lockheed Martin Corporation $LMT

AXQ Capital LP raised its stake in Lockheed Martin Corporation (NYSE:LMT) by 102.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,557 shares of the aerospace company’s stock after purchasing an additional 1,296 shares during the period. Lockheed Martin makes up approximately 0.5% of AXQ Capital LP’s holdings, making the stock its 29th biggest position. AXQ Capital LP’s holdings in Lockheed Martin were worth $1,276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Lockheed Martin by 5.4% in the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after purchasing an additional 50 shares during the period. Integrity Financial Corp WA acquired a new stake in Lockheed Martin during the second quarter worth $206,000. Schnieders Capital Management LLC. increased its holdings in Lockheed Martin by 17.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock valued at $676,000 after buying an additional 215 shares during the period. Finally, Kornitzer Capital Management Inc. KS increased its holdings in Lockheed Martin by 1.8% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 4,421 shares of the aerospace company’s stock valued at $2,048,000 after buying an additional 80 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LMT shares. Morgan Stanley set a $675.00 price objective on shares of Lockheed Martin in a report on Wednesday, February 4th. TD Cowen raised their price target on shares of Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $654.00 price objective on shares of Lockheed Martin in a report on Friday, February 6th. BNP Paribas Exane increased their target price on Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Finally, UBS Group raised their target price on Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $612.50.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $659.80 on Tuesday. The stock has a 50-day simple moving average of $567.39 and a 200 day simple moving average of $504.43. The stock has a market capitalization of $151.81 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 1.19 and a beta of 0.23. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $669.75.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the previous year, the business posted $7.67 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, March 2nd. Lockheed Martin’s payout ratio is 64.22%.

Lockheed Martin Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.