BB&T Securities LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 13.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,522 shares of the aerospace company’s stock after purchasing an additional 7,268 shares during the quarter. BB&T Securities LLC’s holdings in Lockheed Martin were worth $16,108,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in LMT. Securian Asset Management Inc grew its stake in Lockheed Martin by 0.5% in the 4th quarter. Securian Asset Management Inc now owns 25,490 shares of the aerospace company’s stock valued at $6,674,000 after acquiring an additional 132 shares during the last quarter. Hartford Investment Management Co. grew its stake in Lockheed Martin by 1.0% in the 4th quarter. Hartford Investment Management Co. now owns 28,689 shares of the aerospace company’s stock valued at $7,512,000 after acquiring an additional 278 shares during the last quarter. IndexIQ Advisors LLC grew its stake in Lockheed Martin by 56.2% in the 4th quarter. IndexIQ Advisors LLC now owns 20,617 shares of the aerospace company’s stock valued at $5,398,000 after acquiring an additional 7,418 shares during the last quarter. Arrow Financial Corp grew its stake in Lockheed Martin by 17.4% in the 4th quarter. Arrow Financial Corp now owns 2,295 shares of the aerospace company’s stock valued at $600,000 after acquiring an additional 340 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in Lockheed Martin by 12.3% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 42,733 shares of the aerospace company’s stock valued at $11,189,000 after acquiring an additional 4,674 shares during the last quarter. Institutional investors and hedge funds own 85.33% of the company’s stock.
A number of brokerages recently commented on LMT. Zacks Investment Research cut shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 14th. Jefferies Financial Group reissued a “hold” rating and issued a $313.00 price objective on shares of Lockheed Martin in a research note on Tuesday, February 5th. Bank of America reissued a “buy” rating and issued a $390.00 price objective on shares of Lockheed Martin in a research note on Wednesday, January 30th. Morgan Stanley increased their price objective on shares of Lockheed Martin from $300.00 to $324.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, ValuEngine cut shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $350.00.
Lockheed Martin stock opened at $304.42 on Thursday. Lockheed Martin Co. has a 12-month low of $241.18 and a 12-month high of $363.00. The stock has a market cap of $85.34 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 2.24 and a beta of 1.02. 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 (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $4.39. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The company had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.75 billion. During the same period last year, the company earned ($2.25) EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities research analysts expect that Lockheed Martin Co. will post 19.41 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be paid a dividend of $2.20 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $8.80 annualized dividend and a dividend yield of 2.89%. Lockheed Martin’s dividend payout ratio is currently 49.30%.
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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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