Parametric Portfolio Associates LLC raised its stake in Lockheed Martin Co. (NYSE:LMT) by 0.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 655,604 shares of the aerospace company’s stock after purchasing an additional 175 shares during the period. Parametric Portfolio Associates LLC owned about 0.23% of Lockheed Martin worth $196,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc lifted its position in Lockheed Martin by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 21,266,343 shares of the aerospace company’s stock worth $7,357,305,000 after acquiring an additional 199,456 shares during the period. Oregon Public Employees Retirement Fund grew its position in Lockheed Martin by 77,867.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,152,483 shares of the aerospace company’s stock valued at $81,000 after acquiring an additional 21,125,353 shares during the period. BlackRock Inc. grew its position in Lockheed Martin by 8.2% during the fourth quarter. BlackRock Inc. now owns 18,811,944 shares of the aerospace company’s stock valued at $4,925,719,000 after acquiring an additional 1,426,889 shares during the period. Geode Capital Management LLC grew its position in Lockheed Martin by 25.3% during the fourth 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 during the period. Finally, FMR LLC lifted its stake in shares of Lockheed Martin by 2.7% during the fourth quarter. FMR LLC now owns 2,727,997 shares of the aerospace company’s stock worth $714,300,000 after purchasing an additional 71,031 shares in the last quarter. 77.97% of the stock is currently owned by institutional investors.
A number of brokerages have commented on LMT. Morgan Stanley boosted their price objective on Lockheed Martin from $324.00 to $356.00 and gave the stock an “equal weight” rating in a research note on Friday, June 14th. Barclays boosted their price objective on Lockheed Martin from $340.00 to $370.00 and gave the company an “equal weight” rating in a report on Thursday, May 16th. Zacks Investment Research raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 price objective for the company in a report on Thursday, April 25th. UBS Group boosted their price objective on Lockheed Martin from $365.00 to $385.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Robert W. Baird boosted their price objective on Lockheed Martin from $326.00 to $371.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $357.13.
Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $5.99 earnings per share for the quarter, topping analysts’ consensus estimates of $4.29 by $1.70. The firm had revenue of $14.34 billion during the quarter, compared to the consensus estimate of $12.48 billion. Lockheed Martin had a return on equity of 415.92% and a net margin of 9.91%. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.02 earnings per share. Equities research analysts predict that Lockheed Martin Co. will post 20.5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Friday, August 30th. Lockheed Martin’s dividend payout ratio is 49.30%.
In other news, Director David B. Burritt sold 2,100 shares of the firm’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 completion of the sale, the director now owns 6,030 shares of the company’s stock, valued at $1,991,166.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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.
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