Toroso Investments LLC lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 15.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 656 shares of the aerospace company’s stock after buying an additional 87 shares during the quarter. Toroso Investments LLC’s holdings in Lockheed Martin were worth $222,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Royal Fund Management LLC acquired a new stake in Lockheed Martin during the 1st quarter valued at approximately $404,000. Front Row Advisors LLC acquired a new stake in Lockheed Martin during the 1st quarter valued at approximately $43,000. Northwestern Mutual Wealth Management Co. grew its stake in Lockheed Martin by 17.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 77,304 shares of the aerospace company’s stock valued at $26,201,000 after purchasing an additional 11,313 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in Lockheed Martin by 300.8% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 38,648 shares of the aerospace company’s stock valued at $13,100,000 after purchasing an additional 29,006 shares in the last quarter. Finally, Biltmore Family Office LLC grew its stake in Lockheed Martin by 19.9% during the 1st quarter. Biltmore Family Office LLC now owns 627 shares of the aerospace company’s stock valued at $213,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 79.28% of the company’s stock.
NYSE:LMT opened at $369.00 on Friday. Lockheed Martin Co. has a 12-month low of $266.11 and a 12-month high of $442.53. The firm has a market capitalization of $103.43 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.21 and a beta of 0.98. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.23 and a quick ratio of 1.00. The business has a 50 day simple moving average of $373.39 and a 200 day simple moving average of $387.36.
Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 21st. The aerospace company reported $6.08 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.28. The firm had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.07 billion. Lockheed Martin had a return on equity of 185.10% and a net margin of 10.21%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.99 EPS. Research analysts anticipate that Lockheed Martin Co. will post 24.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be paid a dividend of $2.40 per share. This represents a $9.60 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Friday, May 29th. Lockheed Martin’s payout ratio is currently 43.74%.
A number of equities research analysts have weighed in on LMT shares. Buckingham Research raised their price objective on Lockheed Martin from $450.00 to $507.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Morgan Stanley lifted their target price on Lockheed Martin from $385.00 to $407.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 14th. Cowen initiated coverage on Lockheed Martin in a research report on Tuesday, April 21st. They issued a “buy” rating and a $410.00 target price for the company. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $360.00 target price for the company in a research report on Wednesday, March 25th. Finally, Argus decreased their target price on Lockheed Martin from $475.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $439.00.
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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