GSA Capital Partners LLP Takes Position in Lockheed Martin Co. (NYSE:LMT)

GSA Capital Partners LLP acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,335 shares of the aerospace company's stock, valued at approximately $780,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its position in shares of Lockheed Martin by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company's stock worth $902,714,000 after purchasing an additional 31,545 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Lockheed Martin by 60,592.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock worth $911,433,000 after buying an additional 1,556,609 shares during the last quarter. Legal & General Group Plc raised its position in shares of Lockheed Martin by 14.9% during the 2nd quarter. Legal & General Group Plc now owns 1,384,774 shares of the aerospace company's stock valued at $646,828,000 after buying an additional 180,074 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Lockheed Martin by 11.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,169,223 shares of the aerospace company's stock worth $546,144,000 after acquiring an additional 119,052 shares during the last quarter. Finally, Wulff Hansen & CO. increased its stake in Lockheed Martin by 56,626.7% in the second quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company's stock valued at $476,947,000 after acquiring an additional 1,019,281 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LMT has been the subject of several research analyst reports. StockNews.com lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, October 23rd. Melius Research upgraded Lockheed Martin to a "strong-buy" rating in a research report on Tuesday, September 3rd. UBS Group increased their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Barclays lifted their price target on shares of Lockheed Martin from $505.00 to $565.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 29th. Finally, Robert W. Baird upped their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of "Moderate Buy" and an average target price of $611.00.

Lockheed Martin Trading Down 0.8 %

LMT traded down $4.16 during midday trading on Friday, reaching $534.83. 1,757,312 shares of the company's stock traded hands, compared to its average volume of 1,182,871. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a fifty day moving average of $576.52 and a two-hundred day moving average of $524.79. The stock has a market capitalization of $126.78 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 4.37 and a beta of 0.49.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts' consensus estimates of $6.50 by $0.34. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm's revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $6.77 earnings per share. On average, equities analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a $3.30 dividend. The ex-dividend date is Monday, December 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.47%. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.15. Lockheed Martin's dividend payout ratio is currently 45.62%.

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.