Mraz Amerine & Associates Inc. bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 552 shares of the aerospace company’s stock, valued at approximately $201,000.
A number of other large investors have also recently added to or reduced their stakes in LMT. Dimensional Fund Advisors LP lifted its holdings in shares of Lockheed Martin by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 680,087 shares of the aerospace company’s stock valued at $178,074,000 after acquiring an additional 37,194 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Lockheed Martin by 25.3% during the 4th quarter. Geode Capital Management LLC now owns 3,422,800 shares of the aerospace company’s stock valued at $894,874,000 after acquiring an additional 691,751 shares in the last quarter. Welch Group LLC lifted its holdings in shares of Lockheed Martin by 4.0% during the 1st quarter. Welch Group LLC now owns 85,473 shares of the aerospace company’s stock valued at $25,656,000 after acquiring an additional 3,300 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Lockheed Martin by 2.8% during the 1st quarter. Flagship Harbor Advisors LLC now owns 2,583 shares of the aerospace company’s stock valued at $775,000 after acquiring an additional 70 shares in the last quarter. Finally, Steinberg Global Asset Management acquired a new position in shares of Lockheed Martin during the 1st quarter valued at $4,583,000. 78.55% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on LMT shares. JPMorgan Chase & Co. lifted their target price on shares of Lockheed Martin from $360.00 to $395.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Bank of America restated a “buy” rating and set a $400.00 target price (up previously from $390.00) on shares of Lockheed Martin in a report on Wednesday, April 24th. DZ Bank restated a “hold” rating on shares of Lockheed Martin in a report on Thursday, July 25th. UBS Group lifted their target price on shares of Lockheed Martin from $385.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Barclays lifted their target price on shares of Lockheed Martin from $340.00 to $370.00 and gave the company an “equal weight” rating in a report on Thursday, May 16th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Lockheed Martin presently has a consensus rating of “Buy” and an average price target of $367.86.
LMT stock traded up $3.54 during trading on Friday, reaching $377.00. The stock had a trading volume of 816,400 shares, compared to its average volume of 1,203,082. Lockheed Martin Co. has a 1-year low of $241.18 and a 1-year high of $381.51. The company has a current ratio of 1.20, a quick ratio of 0.96 and a debt-to-equity ratio of 4.36. The company has a market capitalization of $104.19 billion, a P/E ratio of 21.12, a PEG ratio of 2.46 and a beta of 0.97. The firm has a fifty day moving average price of $366.95 and a 200 day moving average price of $332.26.
Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $5.00 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.26. Lockheed Martin had a net margin of 10.18% and a return on equity of 297.37%. The firm had revenue of $14.42 billion for the quarter, compared to analyst estimates of $14.17 billion. During the same quarter in the previous year, the business posted $4.31 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Sell-side analysts predict that Lockheed Martin Co. will post 21.2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a $2.20 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $8.80 dividend on an annualized basis and a yield of 2.33%. Lockheed Martin’s dividend payout ratio is currently 49.30%.
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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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