J.W. Cole Advisors Inc. increased its stake in Lockheed Martin Co. (NYSE:LMT) by 31.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,664 shares of the aerospace company’s stock after purchasing an additional 1,354 shares during the period. J.W. Cole Advisors Inc.’s holdings in Lockheed Martin were worth $2,093,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of the business. Morgan Stanley lifted its position in Lockheed Martin by 11.6% during the 4th quarter. Morgan Stanley now owns 3,471,172 shares of the aerospace company’s stock worth $1,232,196,000 after buying an additional 360,344 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Lockheed Martin by 1.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,548,204 shares of the aerospace company’s stock valued at $904,562,000 after acquiring an additional 31,066 shares during the period. Nuveen Asset Management LLC raised its holdings in Lockheed Martin by 18.1% in the 4th quarter. Nuveen Asset Management LLC now owns 1,757,161 shares of the aerospace company’s stock valued at $623,757,000 after acquiring an additional 269,127 shares during the period. UBS Asset Management Americas Inc. raised its holdings in Lockheed Martin by 219.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 1,592,890 shares of the aerospace company’s stock valued at $565,444,000 after acquiring an additional 1,093,517 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Lockheed Martin by 2.2% during the 4th quarter. California Public Employees Retirement System now owns 1,280,669 shares of the aerospace company’s stock worth $454,612,000 after purchasing an additional 27,703 shares in the last quarter. 77.00% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on LMT shares. Cowen restated a “buy” rating and set a $410.00 target price on shares of Lockheed Martin in a research report on Thursday, April 22nd. Morgan Stanley lifted their price objective on shares of Lockheed Martin from $445.00 to $458.00 and gave the company an “overweight” rating in a report on Tuesday, April 27th. Robert W. Baird cut shares of 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. Credit Suisse Group cut their price target on shares of Lockheed Martin from $351.00 to $334.00 in a report on Wednesday, January 27th. Finally, Wolfe Research began coverage on shares of Lockheed Martin in a report on Friday, April 9th. They set a “peer perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Lockheed Martin currently has a consensus rating of “Buy” and a consensus target price of $427.11.
NYSE LMT opened at $385.31 on Tuesday. The company’s 50 day moving average is $373.18 and its 200-day moving average is $357.38. Lockheed Martin Co. has a 12-month low of $319.81 and a 12-month high of $417.62. The company has a quick ratio of 1.12, a current ratio of 1.33 and a debt-to-equity ratio of 2.34. The firm has a market cap of $107.09 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 1.98 and a beta of 0.92.
Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Monday, April 19th. The aerospace company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.32 by $0.24. Lockheed Martin had a net margin of 10.18% and a return on equity of 173.43%. The company had revenue of $16.26 billion for the quarter, compared to analyst estimates of $16.42 billion. During the same quarter in the previous year, the firm posted $6.08 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts expect that Lockheed Martin Co. will post 24.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Tuesday, June 1st will be paid a dividend of $2.60 per share. The ex-dividend date is Friday, May 28th. This represents a $10.40 annualized dividend and a yield of 2.70%. Lockheed Martin’s dividend payout ratio is currently 47.38%.
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.
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