Lockheed Martin Co. (NYSE:LMT) Shares Bought by Equitable Holdings Inc.

Equitable Holdings Inc. increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 135.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,125 shares of the aerospace company’s stock after buying an additional 8,688 shares during the quarter. Equitable Holdings Inc.’s holdings in Lockheed Martin were worth $5,369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LMT. Arrowstreet Capital Limited Partnership lifted its position in Lockheed Martin by 106.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,251,416 shares of the aerospace company’s stock valued at $479,643,000 after buying an additional 644,150 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Lockheed Martin by 129.2% during the third quarter. Great West Life Assurance Co. Can now owns 476,235 shares of the aerospace company’s stock worth $78,834,000 after purchasing an additional 268,442 shares in the last quarter. Morgan Stanley boosted its position in shares of Lockheed Martin by 8.7% during the third quarter. Morgan Stanley now owns 3,110,828 shares of the aerospace company’s stock worth $1,192,319,000 after buying an additional 249,683 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Lockheed Martin by 76.0% in the third quarter. The Manufacturers Life Insurance Company now owns 557,739 shares of the aerospace company’s stock valued at $213,770,000 after buying an additional 240,814 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Lockheed Martin by 1.4% in the 3rd quarter. BlackRock Inc. now owns 17,216,150 shares of the aerospace company’s stock valued at $6,598,608,000 after buying an additional 230,570 shares during the period. 77.00% of the stock is currently owned by institutional investors.

Shares of NYSE:LMT opened at $340.47 on Tuesday. The company’s fifty day moving average price is $338.00 and its 200 day moving average price is $366.14. Lockheed Martin Co. has a 12 month low of $266.11 and a 12 month high of $424.20. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.33 and a quick ratio of 1.12. The firm has a market capitalization of $95.37 billion, a P/E ratio of 14.67, a P/E/G ratio of 1.98 and a beta of 0.92.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Monday, January 25th. The aerospace company reported $6.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.41 by ($0.03). Lockheed Martin had a return on equity of 173.43% and a net margin of 10.18%. The firm had revenue of $17.03 billion for the quarter, compared to analysts’ expectations of $16.92 billion. During the same period in the previous year, the business posted $5.29 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 24.82 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Investors of record on Monday, March 1st will be paid a dividend of $2.60 per share. The ex-dividend date of this dividend is Friday, February 26th. This represents a $10.40 dividend on an annualized basis and a yield of 3.05%. Lockheed Martin’s dividend payout ratio is presently 47.38%.

Several research firms have weighed in on LMT. Credit Suisse Group dropped their target price on Lockheed Martin from $351.00 to $334.00 in a research report on Wednesday, January 27th. Morgan Stanley reduced their price objective on Lockheed Martin from $480.00 to $445.00 and set an “overweight” rating on the stock in a research note on Monday, February 8th. Cowen reissued a “buy” rating and set a $410.00 target price on shares of Lockheed Martin in a research note on Friday, November 27th. Finally, Robert W. Baird downgraded Lockheed Martin from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $420.00 to $368.00 in a report on Thursday, January 7th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Lockheed Martin has a consensus rating of “Buy” and a consensus price target of $418.15.

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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