LS Investment Advisors LLC Purchases Shares of 1,053 Lockheed Martin Corporation $LMT

LS Investment Advisors LLC acquired a new position in Lockheed Martin Corporation (NYSE:LMTFree Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,053 shares of the aerospace company’s stock, valued at approximately $509,000.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Lockheed Martin by 5.4% in the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after purchasing an additional 50 shares during the period. Schnieders Capital Management LLC. boosted its stake in Lockheed Martin by 17.3% during the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock worth $676,000 after buying an additional 215 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Lockheed Martin by 36.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock valued at $1,042,000 after buying an additional 595 shares during the period. Finally, Sei Investments Co. increased its holdings in Lockheed Martin by 18.2% in the 2nd quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock valued at $40,092,000 after buying an additional 13,300 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Key Stories Impacting Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

Analyst Ratings Changes

A number of research firms have recently commented on LMT. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lockheed Martin from $492.00 to $611.00 and gave the stock a “hold” rating in a report on Friday, January 30th. The Goldman Sachs Group upped their target price on shares of Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a research note on Monday, February 2nd. Sanford C. Bernstein reissued a “market perform” rating and issued a $654.00 price target on shares of Lockheed Martin in a research report on Friday, February 6th. Truist Financial raised their price target on shares of Lockheed Martin from $605.00 to $695.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Susquehanna lifted their price objective on Lockheed Martin from $725.00 to $740.00 and gave the company a “positive” rating in a report on Wednesday, March 18th. Seven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $645.79.

View Our Latest Report on LMT

Lockheed Martin Stock Down 0.1%

Shares of NYSE:LMT opened at $611.27 on Thursday. The company’s fifty day moving average is $637.67 and its 200-day moving average is $550.20. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The company has a market capitalization of $140.87 billion, a PE ratio of 28.44, a P/E/G ratio of 1.09 and a beta of 0.23.

Lockheed Martin (NYSE:LMTGet Free Report) last announced its earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same quarter last year, the business earned $7.67 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 2nd were given a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, March 2nd. Lockheed Martin’s dividend payout ratio (DPR) is currently 64.22%.

About Lockheed Martin

(Free Report)

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.

Featured Stories

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

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