D.B. Root & Company LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 6.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,493 shares of the aerospace company’s stock after acquiring an additional 225 shares during the period. D.B. Root & Company LLC’s holdings in Lockheed Martin were worth $1,048,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bremer Trust National Association acquired a new position in Lockheed Martin during the fourth quarter worth $25,000. ERTS Wealth Advisors LLC acquired a new position in Lockheed Martin during the fourth quarter worth $26,000. Lake Point Wealth Management acquired a new position in Lockheed Martin during the fourth quarter worth $26,000. Van ECK Associates Corp acquired a new position in Lockheed Martin during the fourth quarter worth $29,000. Finally, Virtus ETF Advisers LLC acquired a new position in Lockheed Martin during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 78.31% of the company’s stock.
LMT has been the topic of a number of research reports. Morgan Stanley upped their price target on Lockheed Martin from $300.00 to $324.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 13th. Citigroup decreased their price target on Lockheed Martin from $400.00 to $338.00 and set a “buy” rating on the stock in a research note on Monday, January 14th. ValuEngine upgraded Lockheed Martin from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Vertical Research upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $340.00 price target on the stock in a research note on Thursday, January 10th. Finally, Robert W. Baird restated a “buy” rating and set a $326.00 price target on shares of Lockheed Martin in a research note on Friday, December 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $350.00.
Shares of NYSE LMT opened at $310.06 on Wednesday. The firm has a market capitalization of $87.23 billion, a PE ratio of 17.37, a P/E/G ratio of 2.28 and a beta of 1.01. The company has a debt-to-equity ratio of 8.70, a quick ratio of 0.91 and a current ratio of 1.12. Lockheed Martin Co. has a 12-month low of $241.18 and a 12-month high of $361.99.
Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $4.39. The business had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.75 billion. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned ($2.25) earnings per share. As a group, analysts anticipate that Lockheed Martin Co. will post 19.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a $2.20 dividend. This represents a $8.80 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Thursday, February 28th. Lockheed Martin’s payout ratio is currently 49.30%.
In other Lockheed Martin news, Director Ilene S. Gordon bought 750 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were purchased at an average price of $306.04 per share, with a total value of $229,530.00. Following the completion of the acquisition, the director now directly owns 750 shares of the company’s stock, valued at approximately $229,530. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian P. Colan sold 4,000 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $304.56, for a total value of $1,218,240.00. Following the completion of the transaction, the vice president now directly owns 2,489 shares in the company, valued at approximately $758,049.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,186 shares of company stock worth $26,010,927. Insiders own 0.35% of the company’s stock.
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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 (MFC), Rotary and Mission Systems (RMS), and Space.
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