Pacer Advisors Inc. Has $11.81 Million Position in Lockheed Martin Co. (NYSE:LMT)

Pacer Advisors Inc. raised its position in Lockheed Martin Co. (NYSE:LMT) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,279 shares of the aerospace company’s stock after buying an additional 1,724 shares during the quarter. Pacer Advisors Inc.’s holdings in Lockheed Martin were worth $11,808,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Sachetta LLC grew its holdings in Lockheed Martin by 50.0% in the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after buying an additional 20 shares in the last quarter. Wiser Advisor Group LLC grew its holdings in Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after buying an additional 25 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Lockheed Martin in the 1st quarter valued at $30,000. Stephens Consulting LLC grew its holdings in Lockheed Martin by 48.9% in the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after buying an additional 22 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new position in Lockheed Martin in the 2nd quarter valued at $35,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the 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 completion of the transaction, the insider now directly owns 8,877 shares in the company, valued at $4,574,850.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $571.92 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $137.23 billion, a PE ratio of 20.93, a P/E/G ratio of 4.55 and a beta of 0.47. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $578.73. The stock has a 50-day moving average price of $545.61 and a two-hundred day moving average price of $489.13.

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

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be given a $3.15 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.20%. Lockheed Martin’s dividend payout ratio is presently 46.10%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LMT. Morgan Stanley upped their price objective on Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Melius raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 target price on the stock in a report on Tuesday, September 3rd. Royal Bank of Canada raised Lockheed Martin from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $500.00 to $600.00 in a report on Monday, August 5th. Susquehanna increased their target price on Lockheed Martin from $540.00 to $565.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. Finally, Barclays increased their target price on Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $553.43.

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.