Lockheed Martin Co. (NYSE:LMT) Shares Bought by Pendal Group Ltd

Pendal Group Ltd lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 61.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,903 shares of the aerospace company’s stock after purchasing an additional 5,696 shares during the period. Pendal Group Ltd’s holdings in Lockheed Martin were worth $5,803,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LMT. Johanson Financial Advisors Inc. grew its stake in shares of Lockheed Martin by 39,049.2% in the 4th quarter. Johanson Financial Advisors Inc. now owns 1,390,972 shares of the aerospace company’s stock worth $3,574,000 after purchasing an additional 1,387,419 shares during the last quarter. First Trust Advisors LP increased its position in shares of Lockheed Martin by 144.8% in the fourth quarter. First Trust Advisors LP now owns 380,732 shares of the aerospace company’s stock worth $148,249,000 after acquiring an additional 225,225 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Lockheed Martin by 14.8% in the third quarter. California Public Employees Retirement System now owns 1,175,837 shares of the aerospace company’s stock worth $458,647,000 after acquiring an additional 151,338 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Lockheed Martin by 167,028.6% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 116,990 shares of the aerospace company’s stock worth $45,554,000 after acquiring an additional 116,920 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Lockheed Martin by 38.5% in the third quarter. Voya Investment Management LLC now owns 356,910 shares of the aerospace company’s stock worth $139,217,000 after acquiring an additional 99,298 shares in the last quarter. 78.91% of the stock is currently owned by institutional investors.

Shares of LMT stock traded up $2.01 during trading on Friday, hitting $436.71. 29,063 shares of the company were exchanged, compared to its average volume of 1,277,665. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.96 and a current ratio of 1.22. The firm has a market capitalization of $123.96 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 2.77 and a beta of 0.93. The business’s 50-day simple moving average is $420.38 and its 200 day simple moving average is $391.59. Lockheed Martin Co. has a twelve month low of $292.53 and a twelve month high of $442.53.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $5.29 EPS for the quarter, topping the consensus estimate of $5.03 by $0.26. The business had revenue of $15.88 billion during the quarter, compared to analysts’ expectations of $15.28 billion. Lockheed Martin had a net margin of 10.42% and a return on equity of 198.95%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $4.39 earnings per share. On average, equities analysts forecast that Lockheed Martin Co. will post 24.12 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be issued a dividend of $2.40 per share. This represents a $9.60 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, February 28th. Lockheed Martin’s dividend payout ratio is currently 43.74%.

Several research firms have recently weighed in on LMT. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $395.00 to $360.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Cowen began coverage on shares of Lockheed Martin in a research report on Tuesday, January 28th. They issued a “buy” rating and a $454.00 target price on the stock. Goldman Sachs Group lifted their target price on shares of Lockheed Martin from $469.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Argus lifted their target price on shares of Lockheed Martin to and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, UBS Group lifted their target price on shares of Lockheed Martin from $440.00 to $470.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $442.47.

In other Lockheed Martin news, EVP Michele A. Evans sold 9,629 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $432.22, for a total value of $4,161,846.38. Following the completion of the sale, the executive vice president now directly owns 9,629 shares in the company, valued at $4,161,846.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marillyn A. Hewson sold 22,000 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $436.12, for a total transaction of $9,594,640.00. Following the completion of the sale, the chief executive officer now owns 55,554 shares of the company’s stock, valued at $24,228,210.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,793 shares of company stock valued at $17,313,473. 0.35% of the stock is currently owned by corporate insiders.

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

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