LSV Asset Management Acquires 66,974 Shares of Lockheed Martin Co. (NYSE:LMT)

LSV Asset Management increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 15.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 489,147 shares of the aerospace company’s stock after purchasing an additional 66,974 shares during the quarter. LSV Asset Management owned approximately 0.20% of Lockheed Martin worth $222,498,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its position in shares of Lockheed Martin by 7.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 29,794 shares of the aerospace company’s stock worth $13,552,000 after purchasing an additional 1,966 shares in the last quarter. Empirical Finance LLC increased its position in Lockheed Martin by 3.2% in the 1st quarter. Empirical Finance LLC now owns 8,420 shares of the aerospace company’s stock valued at $3,830,000 after acquiring an additional 260 shares in the last quarter. Duality Advisers LP increased its position in Lockheed Martin by 118.4% in the 1st quarter. Duality Advisers LP now owns 8,337 shares of the aerospace company’s stock valued at $3,792,000 after acquiring an additional 4,519 shares in the last quarter. Gallacher Capital Management LLC increased its position in Lockheed Martin by 12.8% in the 1st quarter. Gallacher Capital Management LLC now owns 2,092 shares of the aerospace company’s stock valued at $952,000 after acquiring an additional 237 shares in the last quarter. Finally, Capital City Trust Co. FL increased its position in Lockheed Martin by 3.4% in the 1st quarter. Capital City Trust Co. FL now owns 4,355 shares of the aerospace company’s stock valued at $1,981,000 after acquiring an additional 143 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their target price for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Citigroup raised their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group reduced their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. Finally, StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Stock Up 0.7 %

LMT traded up $3.35 during trading on Friday, reaching $463.73. 576,714 shares of the stock were exchanged, compared to its average volume of 1,064,853. The stock has a market cap of $111.27 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 4.34 and a beta of 0.46. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The stock’s 50 day moving average price is $464.94 and its two-hundred day moving average price is $451.36. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same period in the previous year, the company earned $6.43 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Equities analysts expect that Lockheed Martin Co. will post 26.19 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a $3.15 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.72%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

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.