Northwest Investment Counselors LLC Acquires 1,005 Shares of Lockheed Martin Co. (NYSE:LMT)

Northwest Investment Counselors LLC raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 18.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,366 shares of the aerospace company’s stock after acquiring an additional 1,005 shares during the quarter. Northwest Investment Counselors LLC’s holdings in Lockheed Martin were worth $2,479,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of LMT. Johanson Financial Advisors Inc. raised its stake in shares of Lockheed Martin by 39,049.2% during the fourth quarter. Johanson Financial Advisors Inc. now owns 1,390,972 shares of the aerospace company’s stock valued at $3,574,000 after acquiring an additional 1,387,419 shares in the last quarter. California Public Employees Retirement System raised its holdings in 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 valued at $458,647,000 after acquiring an additional 151,338 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in 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 valued at $45,554,000 after acquiring an additional 116,920 shares in the last quarter. Voya Investment Management LLC raised its holdings in Lockheed Martin by 38.5% in the third quarter. Voya Investment Management LLC now owns 356,910 shares of the aerospace company’s stock valued at $139,217,000 after acquiring an additional 99,298 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Lockheed Martin by 142.2% in the third quarter. Russell Investments Group Ltd. now owns 167,604 shares of the aerospace company’s stock valued at $65,362,000 after acquiring an additional 98,399 shares in the last quarter. 78.86% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on LMT. JPMorgan Chase & Co. cut their price target on shares of Lockheed Martin from $395.00 to $360.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. ValuEngine cut shares of Lockheed Martin from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Barclays reissued a “hold” rating and set a $410.00 target price on shares of Lockheed Martin in a report on Wednesday, October 9th. Morgan Stanley increased their target price on shares of Lockheed Martin from $364.00 to $375.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Buckingham Research increased their target price on shares of Lockheed Martin from $405.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $387.91.

Shares of LMT stock traded up $0.92 during trading hours on Tuesday, reaching $433.30. The stock had a trading volume of 37,352 shares, compared to its average volume of 1,106,971. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.28 and a quick ratio of 1.05. Lockheed Martin Co. has a twelve month low of $281.00 and a twelve month high of $434.45. The firm has a 50-day simple moving average of $404.81 and a 200-day simple moving average of $385.90. The firm has a market capitalization of $122.00 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 2.51 and a beta of 0.94.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $5.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.97 by $0.32. Lockheed Martin had a net margin of 10.26% and a return on equity of 221.59%. The business had revenue of $15.88 billion for the quarter, compared to analysts’ expectations of $15.28 billion. During the same quarter last year, the company earned $4.39 EPS. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts anticipate that Lockheed Martin Co. will post 21.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be given a $2.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $9.60 dividend on an annualized basis and a yield of 2.22%. Lockheed Martin’s dividend payout ratio is presently 53.78%.

Lockheed Martin 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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