Hudson Edge Investment Partners Inc. Has $6.45 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Hudson Edge Investment Partners Inc. lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,280 shares of the aerospace company’s stock after buying an additional 1,981 shares during the period. Lockheed Martin comprises about 1.2% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 20th largest holding. Hudson Edge Investment Partners Inc.’s holdings in Lockheed Martin were worth $6,453,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. McAdam LLC lifted its position in shares of Lockheed Martin by 101.7% in the third quarter. McAdam LLC now owns 1,178 shares of the aerospace company’s stock worth $689,000 after purchasing an additional 594 shares in the last quarter. YHB Investment Advisors Inc. lifted its position in Lockheed Martin by 28.0% during the 3rd quarter. YHB Investment Advisors Inc. now owns 685 shares of the aerospace company’s stock worth $400,000 after buying an additional 150 shares in the last quarter. Romano Brothers AND Company lifted its position in Lockheed Martin by 6.6% during the 3rd quarter. Romano Brothers AND Company now owns 595 shares of the aerospace company’s stock worth $348,000 after buying an additional 37 shares in the last quarter. DT Investment Partners LLC boosted its stake in shares of Lockheed Martin by 2.5% during the 3rd quarter. DT Investment Partners LLC now owns 968 shares of the aerospace company’s stock worth $566,000 after buying an additional 24 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. grew its holdings in shares of Lockheed Martin by 2.2% in the 3rd quarter. Investment Research & Advisory Group Inc. now owns 5,146 shares of the aerospace company’s stock valued at $3,008,000 after acquiring an additional 113 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Up 1.1 %

Shares of NYSE:LMT opened at $441.20 on Friday. Lockheed Martin Co. has a 12-month low of $419.70 and a 12-month high of $618.95. The business has a 50 day moving average of $469.94 and a 200-day moving average of $528.97. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock has a market cap of $103.86 billion, a PE ratio of 19.82, a P/E/G ratio of 2.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, equities research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is 59.30%.

Analysts Set New Price Targets

LMT has been the topic of several analyst reports. UBS Group dropped their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Citigroup dropped their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Truist Financial started coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target on the stock. Finally, Barclays decreased their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and an average price target of $555.60.

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.