Hartford Investment Management Co. grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 27,427 shares of the aerospace company’s stock after buying an additional 121 shares during the quarter. Hartford Investment Management Co.’s holdings in Lockheed Martin were worth $9,971,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake 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 worth $178,074,000 after purchasing an additional 37,194 shares during the last quarter. Geode Capital Management LLC increased its stake 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 worth $894,874,000 after purchasing an additional 691,751 shares during the last quarter. Liberty Wealth Management LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $41,000. Trinity Legacy Partners LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $330,000. Finally, Donaldson Capital Management LLC increased its stake in shares of Lockheed Martin by 1.4% during the 1st quarter. Donaldson Capital Management LLC now owns 105,627 shares of the aerospace company’s stock worth $31,705,000 after purchasing an additional 1,411 shares during the last quarter. 78.50% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on LMT shares. Morgan Stanley raised their price target on shares of Lockheed Martin from $324.00 to $356.00 and gave the stock an “equal weight” rating in a research note on Friday, June 14th. Zacks Investment Research upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 price target for the company in a research note on Thursday, April 25th. UBS Group raised their price target on shares of Lockheed Martin from $385.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Robert W. Baird raised their price target on shares of Lockheed Martin from $326.00 to $371.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, ValuEngine upgraded shares of Lockheed Martin from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $366.43.
Lockheed Martin stock opened at $355.94 on Monday. Lockheed Martin Co. has a 1-year low of $241.18 and a 1-year high of $373.37. The stock has a market cap of $102.20 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.40 and a beta of 0.98. The company has a debt-to-equity ratio of 4.36, a current ratio of 1.20 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $362.76.
Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share for the quarter, beating 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 business had revenue of $14.42 billion during the quarter, compared to analyst estimates of $14.17 billion. During the same period in the previous year, the business earned $4.31 EPS. Lockheed Martin’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that Lockheed Martin Co. will post 21.23 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be paid 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 2.47%. Lockheed Martin’s dividend payout ratio is 49.30%.
In related news, SVP Maryanne Lavan sold 1,003 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $365.50, for a total value of $366,596.50. Following the completion of the transaction, the senior vice president now directly owns 1,478 shares in the company, valued at approximately $540,209. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kenneth R. Possenriede sold 2,000 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $363.85, for a total transaction of $727,700.00. The disclosure for this sale can be found here. Insiders sold a total of 22,503 shares of company stock valued at $8,292,527 over the last quarter. 0.35% of the stock is owned by company insiders.
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.
Featured Article: Capital Gains Distribution
Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMT).
Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.