XTX Topco Ltd Makes New $447,000 Investment in Lockheed Martin Co. (NYSE:LMT)

XTX Topco Ltd purchased a new position in Lockheed Martin Co. (NYSE:LMT) in the third quarter, HoldingsChannel reports. The firm purchased 764 shares of the aerospace company’s stock, valued at approximately $447,000.

A number of other hedge funds have also modified their holdings of the company. Zacks Investment Management boosted its position in shares of Lockheed Martin by 37.8% in the third quarter. Zacks Investment Management now owns 148,805 shares of the aerospace company’s stock worth $86,986,000 after purchasing an additional 40,812 shares during the period. Zurich Insurance Group Ltd FI boosted its position in shares of Lockheed Martin by 2,098.8% in the third quarter. Zurich Insurance Group Ltd FI now owns 98,944 shares of the aerospace company’s stock worth $57,839,000 after purchasing an additional 94,444 shares during the period. DF Dent & Co. Inc. bought a new position in shares of Lockheed Martin in the third quarter worth approximately $229,000. Goldstream Capital Management Ltd bought a new position in shares of Lockheed Martin in the third quarter worth approximately $1,010,000. Finally, Glen Eagle Advisors LLC boosted its position in shares of Lockheed Martin by 1.2% in the third quarter. Glen Eagle Advisors LLC now owns 5,521 shares of the aerospace company’s stock worth $3,227,000 after purchasing an additional 68 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LMT has been the subject of a number of research reports. Citigroup upped their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Susquehanna dropped their target price on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. TD Cowen upped their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Melius Research upgraded shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average price target of $612.29.

Lockheed Martin Trading Down 0.4 %

Shares of LMT opened at $494.65 on Friday. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a market cap of $117.25 billion, a P/E ratio of 17.91, a P/E/G ratio of 4.13 and a beta of 0.46. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The company’s fifty day simple moving average is $552.79 and its 200-day simple moving average is $532.44.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the prior year, the firm posted $6.77 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, analysts expect that Lockheed Martin Co. will post 26.88 EPS for the current 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 paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.67%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio is currently 47.79%.

Lockheed Martin Company 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.