Trexquant Investment LP lessened its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 14.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,159 shares of the aerospace company’s stock after selling 1,752 shares during the quarter. Trexquant Investment LP’s holdings in Lockheed Martin were worth $3,443,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of LMT. Capital International Investors lifted its position in shares of Lockheed Martin by 18.6% during the fourth quarter. Capital International Investors now owns 2,230,612 shares of the aerospace company’s stock worth $868,556,000 after purchasing an additional 350,205 shares in the last quarter. GQG Partners LLC raised its holdings in Lockheed Martin by 68.2% in the fourth quarter. GQG Partners LLC now owns 630,783 shares of the aerospace company’s stock valued at $245,737,000 after acquiring an additional 255,687 shares in the last quarter. First Trust Advisors LP raised its holdings in Lockheed Martin by 144.8% in the fourth quarter. First Trust Advisors LP now owns 380,732 shares of the aerospace company’s stock valued at $148,249,000 after acquiring an additional 225,225 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Lockheed Martin by 444.0% in the fourth quarter. Renaissance Technologies LLC now owns 239,300 shares of the aerospace company’s stock valued at $93,179,000 after acquiring an additional 195,309 shares in the last quarter. Finally, NorthRock Partners LLC raised its holdings in Lockheed Martin by 9,334.9% in the fourth quarter. NorthRock Partners LLC now owns 149,260 shares of the aerospace company’s stock valued at $709,000 after acquiring an additional 147,678 shares in the last quarter. 79.28% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on the stock. ValuEngine raised shares of Lockheed Martin from a “sell” rating to a “hold” rating in a report on Monday, March 9th. JPMorgan Chase & Co. raised their target price on shares of Lockheed Martin from $350.00 to $395.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Cowen assumed coverage on shares of Lockheed Martin in a report on Tuesday, April 21st. They issued a “buy” rating and a $410.00 target price on the stock. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $360.00 target price on the stock in a report on Wednesday, March 25th. Finally, Alembic Global Advisors lowered shares of Lockheed Martin from an “overweight” rating to a “neutral” rating and set a $489.00 price target on the stock. in a research note on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $439.00.
Shares of NYSE:LMT traded down $1.78 during trading on Friday, reaching $367.04. 42,190 shares of the stock were exchanged, compared to its average volume of 1,362,763. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.00 and a current ratio of 1.23. Lockheed Martin Co. has a 12-month low of $266.11 and a 12-month high of $442.53. The firm has a market cap of $101.66 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 2.18 and a beta of 0.98. The firm’s 50-day moving average price is $372.79 and its 200 day moving average price is $387.39.
Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 21st. The aerospace company reported $6.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.80 by $0.28. Lockheed Martin had a return on equity of 185.10% and a net margin of 10.21%. The business had revenue of $15.65 billion during the quarter, compared to analysts’ expectations of $15.07 billion. During the same quarter in the previous year, the business earned $5.99 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities research analysts forecast that Lockheed Martin Co. will post 24.05 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be given a dividend of $2.40 per share. This represents a $9.60 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Friday, May 29th. Lockheed Martin’s dividend payout ratio (DPR) is presently 43.74%.
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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