LS Investment Advisors LLC Buys Shares of 1,053 Lockheed Martin Corporation $LMT

LS Investment Advisors LLC bought a new stake in Lockheed Martin Corporation (NYSE:LMTFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,053 shares of the aerospace company’s stock, valued at approximately $509,000.

A number of other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC increased its stake in shares of Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of Lockheed Martin by 5.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after purchasing an additional 50 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Lockheed Martin by 17.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock worth $676,000 after purchasing an additional 215 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Lockheed Martin by 36.0% during the second quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock valued at $1,042,000 after acquiring an additional 595 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Lockheed Martin by 18.2% during the 2nd quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock valued at $40,092,000 after purchasing an additional 13,300 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $611.27 on Thursday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. The company has a market cap of $140.87 billion, a P/E ratio of 28.44, a P/E/G ratio of 1.09 and a beta of 0.23. The business’s 50 day moving average is $637.67 and its two-hundred day moving average is $550.20. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the prior year, the company posted $7.67 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 2nd were issued a dividend of $3.45 per share. The ex-dividend date was Monday, March 2nd. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. Lockheed Martin’s payout ratio is presently 64.22%.

More Lockheed Martin News

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Analysts Set New Price Targets

Several equities analysts have commented on LMT shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lockheed Martin from $492.00 to $611.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Wells Fargo & Company began coverage on Lockheed Martin in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price target for the company. UBS Group increased their price objective on Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. The Goldman Sachs Group raised their price objective on Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a research note on Monday, February 2nd. Finally, Argus boosted their target price on Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Seven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $645.79.

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About Lockheed Martin

(Free Report)

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.

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

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