LSV Asset Management Decreases Position in Lockheed Martin Corporation $LMT

LSV Asset Management trimmed its stake in Lockheed Martin Corporation (NYSE:LMT) by 56.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 255,811 shares of the aerospace company’s stock after selling 328,605 shares during the period. LSV Asset Management owned approximately 0.11% of Lockheed Martin worth $127,703,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LMT. 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 acquiring an additional 191 shares during the period. Sivia Capital Partners LLC grew its holdings in Lockheed Martin by 5.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after purchasing an additional 50 shares during the last quarter. Integrity Financial Corp WA purchased a new stake in Lockheed Martin in the 2nd quarter worth about $206,000. Aberdeen Group plc lifted its stake in Lockheed Martin by 6.6% in the second quarter. Aberdeen Group plc now owns 22,028 shares of the aerospace company’s stock worth $10,202,000 after purchasing an additional 1,370 shares during the last quarter. Finally, Axxcess Wealth Management LLC boosted its position in shares of Lockheed Martin by 10.6% during the second quarter. Axxcess Wealth Management LLC now owns 4,902 shares of the aerospace company’s stock valued at $2,270,000 after buying an additional 469 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LMT shares. Truist Financial increased their price target on Lockheed Martin from $605.00 to $695.00 and gave the stock a “buy” rating in a report on Friday, January 30th. DZ Bank lowered Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 target price on the stock. in a research note on Tuesday, February 3rd. The Goldman Sachs Group boosted 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. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 8th. Finally, TD Cowen lifted their price objective on shares of Lockheed Martin from $600.00 to $670.00 and gave the company a “hold” rating in a report on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $612.50.

Lockheed Martin Price Performance

LMT opened at $637.25 on Friday. The company has a market capitalization of $146.62 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 1.14 and a beta of 0.23. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $646.59. The business’s fifty day simple moving average is $541.42 and its 200-day simple moving average is $492.08.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share 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 business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same period last year, the company earned $7.67 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 2nd will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, March 2nd. Lockheed Martin’s dividend payout ratio is presently 64.22%.

Lockheed Martin Profile

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.