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 – Free Report) 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 purchasing an additional 4,114 shares during the period. Public Sector Pension Investment Committee’s holdings in Lockheed Martin were worth $3,665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have recently made changes to their positions in the company. Edge Capital Group LLC boosted its holdings in Lockheed Martin by 16.2% during the second 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 purchasing an additional 1,895 shares during the last quarter. Fairscale Capital LLC purchased a new position in Lockheed Martin in the second quarter valued at about $230,000. Fidelis Capital Partners LLC boosted its stake in shares of 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 in the last quarter. Finally, Frank Rimerman Advisors LLC boosted its holdings in Lockheed Martin by 52,325.0% during the second 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 shares are owned by institutional investors and hedge funds.

Changes in Analyst Ratings

A number of research analysts 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 boosted their target price for the stock from $480.00 to $560.00 in a report on Wednesday, July 24th . Morgan Stanley boosted 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 boosted their price target 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. The company presently has an average rating of “Moderate Buy” and a consensus price target of $553.43, based on data from MarketBeat.

Check out our latest research report on Lockheed Martin

Insider trading 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 filing with the SEC, which is available via this hyperlink. Company insiders own 0.17% of the company’s shares.

Lockheed Martin stocks rose 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 company’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. it has a 52-week low of $393.77 and a 52-week high of $584.07.

Lockheed Martin (NYSE:LMT – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping 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. In the same period last year, the company earned $6.73 per share. The company’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

(Free Report)

Lockheed Martin Corporation, a security and aerospace company, is engaged in the research, design, development, manufacture, integration and support of technology systems, products and services worldwide. The company operates through the Aerospace, Missile and Fire Control, Rotary and Mission Systems and Space segments.

Further reading

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