Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 7.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 324,493 shares of the aerospace company’s stock after buying an additional 22,293 shares during the quarter. Canada Pension Plan Investment Board owned about 0.14% of Lockheed Martin worth $147,602,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Franklin Resources Inc. raised its position in shares of Lockheed Martin by 14.9% during the fourth quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock worth $1,173,641,000 after purchasing an additional 336,588 shares during the period. International Assets Investment Management LLC raised its holdings in Lockheed Martin by 10,526.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock worth $617,416,000 after buying an additional 1,349,409 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Lockheed Martin by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,038,161 shares of the aerospace company’s stock worth $470,536,000 after buying an additional 27,349 shares during the period. Capital Research Global Investors increased its position in shares of Lockheed Martin by 29.7% in the first quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company’s stock worth $433,621,000 after acquiring an additional 218,506 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Lockheed Martin by 1.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 716,832 shares of the aerospace company’s stock worth $324,897,000 after purchasing an additional 9,136 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LMT. JPMorgan Chase & Co. lifted their price target on Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a report on Thursday. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. UBS Group boosted their price target on shares of Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a report on Wednesday. Wells Fargo & Company increased their price objective on Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, The Goldman Sachs Group cut their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and an average price target of $518.91.

Insider Buying and Selling

In other news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the transaction, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.17% of the stock is currently owned by insiders.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded up $3.40 during trading on Friday, reaching $524.80. The stock had a trading volume of 1,141,310 shares, compared to its average volume of 1,065,686. The company has a quick ratio of 1.11, a current ratio of 1.24 and a debt-to-equity ratio of 3.10. The stock has a fifty day simple moving average of $469.59 and a two-hundred day simple moving average of $453.91. The firm has a market capitalization of $125.09 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 4.86 and a beta of 0.46. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $528.64.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.05 billion. During the same period last year, the business posted $6.73 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Lockheed Martin Co. will post 26.43 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, September 27th. Stockholders of record on Tuesday, September 3rd will be given 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 2.40%. Lockheed Martin’s dividend payout ratio is 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.