Lockheed Martin Co. (NYSE:LMT) Stake Increased by DT Investment Partners LLC

DT Investment Partners LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 869 shares of the aerospace company’s stock after buying an additional 119 shares during the period. DT Investment Partners LLC’s holdings in Lockheed Martin were worth $375,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LMT. Comerica Bank acquired a new position in Lockheed Martin in the second quarter worth $280,000. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 27 shares during the period. Coppell Advisory Solutions Corp. acquired a new position in Lockheed Martin in the fourth quarter worth $31,000. Activest Wealth Management boosted its holdings in Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares during the period. Finally, KB Financial Partners LLC acquired a new position in Lockheed Martin in the first quarter worth $35,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $475.00 to $518.00 in a report on Monday, April 15th. Susquehanna reduced their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Finally, Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $487.70.

Lockheed Martin Price Performance

LMT stock traded up $7.78 during trading on Friday, hitting $463.87. The company had a trading volume of 1,388,020 shares, compared to its average volume of 1,002,270. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The business has a 50 day moving average of $440.00 and a 200 day moving average of $442.60. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $495.83. The firm has a market capitalization of $111.56 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 4.16 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping the consensus estimate of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $17.96 billion. During the same period in the previous year, the business earned $7.79 earnings per share. Lockheed Martin’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts predict that Lockheed Martin Co. will post 26.13 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were issued a dividend of $3.15 per share. The ex-dividend date was Thursday, February 29th. This represents a $12.60 annualized dividend and a yield of 2.72%. Lockheed Martin’s payout ratio is presently 45.74%.

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,874 shares of company stock worth $7,249,946. Company insiders own 0.17% of the company’s stock.

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.