Los Angeles Capital Management & Equity Research Inc. Has $23.36 Million Position in Lockheed Martin Co. (LMT)

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Los Angeles Capital Management & Equity Research Inc. trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 72.5% during the 1st quarter, Holdings Channel reports. The firm owned 77,810 shares of the aerospace company’s stock after selling 205,200 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Lockheed Martin were worth $23,355,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Bremer Trust National Association purchased a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $25,000. ERTS Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $26,000. Lake Point Wealth Management purchased a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $26,000. Van ECK Associates Corp purchased a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $29,000. Finally, Ellis Investment Partners LLC purchased a new stake in Lockheed Martin during the first quarter valued at approximately $29,000. 78.59% of the stock is owned by institutional investors.

NYSE:LMT opened at $332.55 on Friday. Lockheed Martin Co. has a 52 week low of $241.18 and a 52 week high of $351.35. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.17 and a quick ratio of 0.96. The company has a market cap of $94.18 billion, a P/E ratio of 18.63, a PEG ratio of 2.31 and a beta of 1.04.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $5.99 EPS for the quarter, beating the Zacks’ consensus estimate of $4.29 by $1.70. Lockheed Martin had a net margin of 9.91% and a return on equity of 415.92%. The company had revenue of $14.34 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter in the prior year, the company posted $4.02 earnings per share. Lockheed Martin’s revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, equities analysts anticipate that Lockheed Martin Co. will post 20.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be paid a dividend of $2.20 per share. The ex-dividend date is Friday, May 31st. This represents a $8.80 dividend on an annualized basis and a yield of 2.65%. Lockheed Martin’s payout ratio is 49.30%.

In other Lockheed Martin news, EVP Richard F. Ambrose sold 6,647 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $301.34, for a total transaction of $2,003,006.98. Following the transaction, the executive vice president now owns 4,218 shares in the company, valued at approximately $1,271,052.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Burritt sold 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $330.21, for a total transaction of $693,441.00. Following the transaction, the director now owns 6,030 shares in the company, valued at approximately $1,991,166.30. The disclosure for this sale can be found here. Insiders have sold a total of 87,286 shares of company stock worth $26,704,368 in the last 90 days. 0.35% of the stock is currently owned by company insiders.

A number of equities research analysts recently commented on LMT shares. Jefferies Financial Group reissued a “hold” rating and set a $274.00 target price on shares of Lockheed Martin in a research report on Wednesday, January 9th. Morgan Stanley cut shares of Lockheed Martin from an “overweight” rating to an “equal weight” rating and set a $300.00 target price for the company. in a research report on Wednesday, January 9th. Vertical Group raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Vertical Research raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $340.00 target price for the company in a research report on Thursday, January 10th. Finally, Susquehanna Bancshares started coverage on shares of Lockheed Martin in a research report on Thursday, January 10th. They set a “positive” rating and a $321.00 target price for the company. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $352.31.

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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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