Public Sector Pension Investment Board Has $19.88 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Public Sector Pension Investment Board cut its stake in shares of Lockheed Martin Co. (NYSE:LMTGet Rating) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,925 shares of the aerospace company’s stock after selling 640 shares during the period. Public Sector Pension Investment Board’s holdings in Lockheed Martin were worth $19,876,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LMT. Franklin Resources Inc. increased its holdings in shares of Lockheed Martin by 18.1% during the third quarter. Franklin Resources Inc. now owns 3,545,253 shares of the aerospace company’s stock worth $1,223,466,000 after purchasing an additional 543,607 shares during the period. Capital Research Global Investors increased its holdings in shares of Lockheed Martin by 12.4% during the third quarter. Capital Research Global Investors now owns 2,831,874 shares of the aerospace company’s stock worth $977,280,000 after purchasing an additional 311,657 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Lockheed Martin by 30.5% during the third quarter. The Manufacturers Life Insurance Company now owns 1,071,566 shares of the aerospace company’s stock worth $369,798,000 after purchasing an additional 250,645 shares during the period. Balyasny Asset Management LLC increased its holdings in shares of Lockheed Martin by 392.0% during the third quarter. Balyasny Asset Management LLC now owns 290,529 shares of the aerospace company’s stock worth $100,262,000 after purchasing an additional 231,483 shares during the period. Finally, LSV Asset Management increased its holdings in shares of Lockheed Martin by 112.0% during the fourth quarter. LSV Asset Management now owns 434,092 shares of the aerospace company’s stock worth $154,281,000 after purchasing an additional 229,294 shares during the period. 78.89% of the stock is currently owned by institutional investors.

In related news, VP Brian P. Colan sold 1,937 shares of the business’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $426.45, for a total value of $826,033.65. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Donovan bought 568 shares of the company’s stock in a transaction that occurred on Thursday, April 21st. The stock was purchased at an average price of $440.55 per share, for a total transaction of $250,232.40. Following the acquisition, the director now owns 568 shares of the company’s stock, valued at $250,232.40. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 17,250 shares of company stock worth $7,464,599. 0.17% of the stock is owned by company insiders.

LMT has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective on shares of Lockheed Martin from $450.00 to $521.00 and gave the company an “overweight” rating in a research note on Wednesday, March 2nd. Susquehanna lifted their price objective on shares of Lockheed Martin from $515.00 to $539.00 in a research note on Wednesday, April 20th. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 25th. UBS Group lifted their price objective on shares of Lockheed Martin from $410.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, January 26th. Finally, Robert W. Baird lifted their price objective on shares of Lockheed Martin from $376.00 to $425.00 in a research note on Wednesday, January 26th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $448.86.

Shares of NYSE:LMT traded up $2.19 during mid-day trading on Tuesday, reaching $435.22. 3,435 shares of the company’s stock were exchanged, compared to its average volume of 2,153,914. The firm has a market capitalization of $115.82 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 2.79 and a beta of 0.76. The business’s fifty day moving average price is $444.36 and its 200-day moving average price is $398.16. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.07 and a current ratio of 1.27. Lockheed Martin Co. has a twelve month low of $324.23 and a twelve month high of $479.99.

Lockheed Martin (NYSE:LMTGet Rating) last issued its quarterly earnings results on Tuesday, April 19th. The aerospace company reported $6.44 EPS for the quarter, topping analysts’ consensus estimates of $6.22 by $0.22. The company had revenue of $14.96 billion for the quarter, compared to analyst estimates of $15.49 billion. Lockheed Martin had a net margin of 9.45% and a return on equity of 81.35%. Lockheed Martin’s revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.56 earnings per share. Analysts predict that Lockheed Martin Co. will post 26.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Wednesday, June 1st will be issued a dividend of $2.80 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $11.20 dividend on an annualized basis and a dividend yield of 2.57%. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.47%.

Lockheed Martin Profile (Get Rating)

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, Rotary and Mission Systems, and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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