Grantham Mayo Van Otterloo & Co. LLC Raises Stake in Lockheed Martin Co. (NYSE:LMT)

Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 245.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,624 shares of the aerospace company's stock after acquiring an additional 4,706 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Lockheed Martin were worth $3,219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Arete Wealth Advisors LLC bought a new position in Lockheed Martin during the 3rd quarter worth approximately $1,840,000. Morse Asset Management Inc grew its holdings in shares of Lockheed Martin by 1.0% in the third quarter. Morse Asset Management Inc now owns 3,058 shares of the aerospace company's stock worth $1,788,000 after purchasing an additional 31 shares during the last quarter. iA Global Asset Management Inc. increased its stake in shares of Lockheed Martin by 144.1% in the third quarter. iA Global Asset Management Inc. now owns 4,659 shares of the aerospace company's stock worth $2,723,000 after buying an additional 2,750 shares during the period. XTX Topco Ltd bought a new stake in Lockheed Martin during the 3rd quarter valued at $447,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin during the 3rd quarter valued at $42,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, 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 transaction, the insider now directly owns 2,000 shares of the company's stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the sale, the vice president now owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock worth $3,155,916 over the last quarter. Company insiders own 0.17% of the company's stock.

Lockheed Martin Stock Up 1.9 %

LMT stock traded up $9.01 during midday trading on Friday, hitting $472.71. The company's stock had a trading volume of 510,038 shares, compared to its average volume of 1,669,514. The firm's 50-day moving average is $449.60 and its 200-day moving average is $501.42. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 12 month low of $418.88 and a 12 month high of $618.95. The company has a market cap of $110.89 billion, a PE ratio of 21.23, a P/E/G ratio of 2.07 and a beta of 0.39.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (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%. On average, equities research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were issued a dividend of $3.30 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.79%. Lockheed Martin's payout ratio is 59.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LMT shares. Citigroup lowered their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Barclays decreased their target price on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. StockNews.com lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Wells Fargo & Company dropped their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $536.60.

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