HighPoint Advisor Group LLC decreased its position in Lockheed Martin Co. (NYSE:LMT) by 0.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,309 shares of the aerospace company’s stock after selling 120 shares during the period. HighPoint Advisor Group LLC’s holdings in Lockheed Martin were worth $5,140,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in LMT. UBS Asset Management Americas Inc. boosted its holdings in shares of Lockheed Martin by 219.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,592,890 shares of the aerospace company’s stock valued at $565,444,000 after purchasing an additional 1,093,517 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Lockheed Martin by 754.4% in the fourth quarter. Renaissance Technologies LLC now owns 516,900 shares of the aerospace company’s stock valued at $183,489,000 after purchasing an additional 456,400 shares during the period. Voloridge Investment Management LLC purchased a new stake in Lockheed Martin during the fourth quarter worth $156,453,000. Morgan Stanley lifted its holdings in Lockheed Martin by 11.6% during the fourth quarter. Morgan Stanley now owns 3,471,172 shares of the aerospace company’s stock worth $1,232,196,000 after buying an additional 360,344 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in Lockheed Martin by 18.1% during the fourth quarter. Nuveen Asset Management LLC now owns 1,757,161 shares of the aerospace company’s stock worth $623,757,000 after buying an additional 269,127 shares during the period. Hedge funds and other institutional investors own 77.00% of the company’s stock.
Shares of LMT stock traded up $0.81 during trading hours on Monday, reaching $387.04. 19,731 shares of the company’s stock were exchanged, compared to its average volume of 1,929,162. The stock’s 50 day moving average is $351.48 and its 200-day moving average is $357.55. The company has a market cap of $108.41 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 1.98 and a beta of 0.92. The company has a current ratio of 1.33, a quick ratio of 1.12 and a debt-to-equity ratio of 2.34. Lockheed Martin Co. has a fifty-two week low of $319.81 and a fifty-two week high of $417.62.
Lockheed Martin (NYSE:LMT) last released its earnings results on Monday, January 25th. The aerospace company reported $6.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.41 by ($0.03). Lockheed Martin had a net margin of 10.18% and a return on equity of 173.43%. The firm had revenue of $17.03 billion during the quarter, compared to analyst estimates of $16.92 billion. During the same period in the previous year, the company earned $5.29 earnings per share. Lockheed Martin’s revenue was up 7.3% on a year-over-year basis. Equities analysts anticipate that Lockheed Martin Co. will post 24.82 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Monday, March 1st were given a $2.60 dividend. This represents a $10.40 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Friday, February 26th. Lockheed Martin’s payout ratio is 47.38%.
A number of analysts have weighed in on LMT shares. Credit Suisse Group lowered their target price on Lockheed Martin from $351.00 to $334.00 in a report on Wednesday, January 27th. Morgan Stanley lowered their target price on Lockheed Martin from $480.00 to $445.00 and set an “overweight” rating for the company in a report on Monday, February 8th. Finally, Robert W. Baird lowered Lockheed Martin from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $420.00 to $368.00 in a report on Thursday, January 7th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Lockheed Martin presently has an average rating of “Buy” and a consensus target price of $423.00.
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, Rotary and Mission Systems, and Space.
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