Aberdeen Group plc Buys 31,042 Shares of Lockheed Martin Corporation $LMT

Aberdeen Group plc lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 140.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,070 shares of the aerospace company’s stock after purchasing an additional 31,042 shares during the period. Aberdeen Group plc’s holdings in Lockheed Martin were worth $26,109,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LMT. Brighton Jones LLC raised its position in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares during the last quarter. Sivia Capital Partners LLC increased 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. Integrity Financial Corp WA bought a new stake in Lockheed Martin during the 2nd quarter worth about $206,000. Chicago Partners Investment Group LLC lifted its position in Lockheed Martin by 19.9% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,475 shares of the aerospace company’s stock valued at $1,146,000 after purchasing an additional 410 shares during the period. Finally, Balboa Wealth Partners lifted its position in Lockheed Martin by 4.5% during the 2nd quarter. Balboa Wealth Partners now owns 1,368 shares of the aerospace company’s stock valued at $633,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.5%

NYSE LMT opened at $649.18 on Wednesday. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $656.34. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94. The firm has a market cap of $149.36 billion, a P/E ratio of 30.21, a P/E/G ratio of 1.18 and a beta of 0.23. The stock’s 50-day moving average is $552.83 and its 200-day moving average is $497.97.

Lockheed Martin (NYSE:LMT) last posted 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). The business had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.Lockheed Martin’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $7.67 earnings per share. Sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, March 2nd. Lockheed Martin’s payout ratio is currently 64.22%.

Analysts Set New Price Targets

LMT has been the subject of a number of recent research reports. Susquehanna reissued a “positive” rating and set a $660.00 price target on shares of Lockheed Martin in a research note on Thursday, January 15th. JPMorgan Chase & Co. lifted their target price on shares of Lockheed Martin from $515.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. UBS Group increased their price target on Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Citigroup raised their price target on Lockheed Martin from $592.00 to $673.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $654.00 price objective on shares of Lockheed Martin in a report on Friday, February 6th. Six equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $612.50.

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.