Baring Financial LLC acquired a new position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,704 shares of the aerospace company's stock, valued at approximately $1,314,000.
Other large investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin in the third quarter worth $26,000. Mattson Financial Services LLC acquired a new stake in Lockheed Martin in the second quarter worth $27,000. Burkett Financial Services LLC acquired a new stake in Lockheed Martin in the third quarter worth $32,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin in the third quarter worth $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin in the third quarter worth $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating for the company in a report on Wednesday. Barclays reduced their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Citigroup reduced their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. TD Cowen lifted their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, UBS Group reduced their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $555.60.
Get Our Latest Analysis on LMT
Lockheed Martin Stock Up 0.6 %
Shares of LMT traded up $2.88 during trading hours on Friday, reaching $462.53. 1,473,599 shares of the stock traded hands, compared to its average volume of 1,281,518. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 3.10. The stock has a fifty day simple moving average of $492.29 and a 200 day simple moving average of $536.89. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a market cap of $108.88 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 3.78 and a beta of 0.48.
Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, equities analysts forecast that Lockheed Martin Co. will post 27.09 EPS for the current year.
Lockheed Martin Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.85%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's dividend payout ratio is 59.30%.
Lockheed Martin Profile
(
Free Report)
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.
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