Brandywine Global Investment Management LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 329,672 shares of the aerospace company's stock after buying an additional 3,345 shares during the period. Lockheed Martin makes up approximately 1.2% of Brandywine Global Investment Management LLC's holdings, making the stock its 15th largest position. Brandywine Global Investment Management LLC owned approximately 0.14% of Lockheed Martin worth $160,201,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in LMT. Life Planning Partners Inc acquired a new stake in shares of Lockheed Martin in the 4th quarter worth $4,867,000. RWA Wealth Partners LLC boosted its holdings in Lockheed Martin by 2.0% in the 4th quarter. RWA Wealth Partners LLC now owns 41,960 shares of the aerospace company's stock valued at $20,390,000 after purchasing an additional 808 shares in the last quarter. Summit Securities Group LLC acquired a new position in Lockheed Martin during the 4th quarter worth approximately $680,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Lockheed Martin by 230.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 210,193 shares of the aerospace company's stock worth $102,141,000 after buying an additional 146,581 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. lifted its holdings in shares of Lockheed Martin by 7.6% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 2,202 shares of the aerospace company's stock valued at $1,070,000 after buying an additional 155 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. UBS Group dropped their price objective on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Royal Bank of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Morgan Stanley lowered their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and reduced their price target for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $539.53.
View Our Latest Report on Lockheed Martin
Insider Activity at Lockheed Martin
In related news, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,133 shares of company stock valued at $3,155,916. Company insiders own 0.17% of the company's stock.
Lockheed Martin Price Performance
NYSE:LMT traded up $4.65 during trading hours on Wednesday, reaching $453.29. 588,564 shares of the company traded hands, compared to its average volume of 1,207,446. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The firm's 50-day moving average is $454.45 and its 200-day moving average is $508.19. The stock has a market cap of $106.70 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95.
Lockheed Martin (NYSE:LMT - Get Free Report) last posted 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%. Equities research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share 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 given 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 dividend payout ratio is presently 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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