Sumitomo Mitsui DS Asset Management Company Ltd Increases Stake in Lockheed Martin Co. (NYSE:LMT)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,741 shares of the aerospace company's stock after purchasing an additional 1,369 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Lockheed Martin were worth $12,023,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin in the 3rd quarter worth about $26,000. Capital Performance Advisors LLP purchased a new position in shares of Lockheed Martin in the 3rd quarter worth about $40,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin in the 4th quarter worth about $35,000. Legacy Investment Solutions LLC bought a new position in Lockheed Martin in the 3rd quarter worth about $42,000. Finally, Vestor Capital LLC purchased a new stake in shares of Lockheed Martin in the third quarter worth about $46,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LMT shares. Wells Fargo & Company decreased their price target on shares of Lockheed Martin from $500.00 to $497.00 and set an "equal weight" rating on the stock in a report on Thursday, January 30th. Robert W. Baird lifted their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. StockNews.com downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Friday, January 31st. UBS Group reduced their target price on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Finally, Susquehanna dropped their price target on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research note on Wednesday, January 29th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $555.60.

Lockheed Martin Trading Up 0.6 %

Shares of LMT traded up $2.75 during trading hours on Tuesday, reaching $450.97. 227,037 shares of the company traded hands, compared to its average volume of 1,374,001. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The company has a market capitalization of $106.15 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. The company's fifty day moving average price is $483.39 and its two-hundred day moving average price is $535.46. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results 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 predict that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin's payout ratio is currently 59.30%.

Lockheed Martin 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.