Arrowstreet Capital Limited Partnership Purchases 146,581 Shares of Lockheed Martin Co. (NYSE:LMT)

Arrowstreet Capital Limited Partnership increased its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 230.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 210,193 shares of the aerospace company's stock after buying an additional 146,581 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.09% of Lockheed Martin worth $102,141,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LMT. Proficio Capital Partners LLC increased its stake in Lockheed Martin by 53,784.3% in the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock worth $600,412,000 after purchasing an additional 1,233,275 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Lockheed Martin by 17.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after acquiring an additional 1,132,461 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Lockheed Martin by 1,239.6% during the fourth quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company's stock valued at $266,410,000 after acquiring an additional 507,312 shares during the period. Wellington Management Group LLP boosted its stake in Lockheed Martin by 8.5% in the 3rd quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company's stock worth $1,797,437,000 after purchasing an additional 240,306 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in Lockheed Martin in the 4th quarter worth approximately $77,376,000. Institutional investors own 74.19% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

LMT has been the subject of several recent analyst reports. Melius Research cut Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Susquehanna decreased their price objective on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research report on Wednesday, January 29th. Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and dropped their target price for the company from $685.00 to $485.00 in a report on Monday, March 24th. Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and dropped their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Lockheed Martin presently has an average rating of "Hold" and an average price target of $539.53.

Lockheed Martin Stock Up 1.0 %

Lockheed Martin stock traded up $4.28 during mid-day trading on Wednesday, hitting $452.92. 1,268,982 shares of the company's stock were exchanged, compared to its average volume of 1,210,029. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95. The stock has a 50 day moving average of $454.45 and a two-hundred day moving average of $508.19. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The stock has a market cap of $106.61 billion, a P/E ratio of 20.35, a P/E/G ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's payout ratio is 59.30%.

Insider Buying and Selling

In related news, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the transaction, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the sale, the insider now owns 2,000 shares in the company, valued at $884,840. This represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,133 shares of company stock valued at $3,155,916. Company insiders own 0.17% of the company's stock.

About Lockheed Martin

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.