New York Life Investment Management LLC Grows Stake in Lockheed Martin Co. (NYSE:LMT)

New York Life Investment Management LLC increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,391 shares of the aerospace company’s stock after purchasing an additional 76 shares during the period. New York Life Investment Management LLC’s holdings in Lockheed Martin were worth $13,796,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin during the third quarter worth $26,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin in the 4th quarter worth $35,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin during the 3rd quarter valued at about $40,000. Legacy Investment Solutions LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at about $42,000. Finally, Vestor Capital LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at about $46,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 1.1 %

Shares of NYSE:LMT opened at $446.38 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The business has a 50 day simple moving average of $466.57 and a two-hundred day simple moving average of $526.08. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The firm has a market capitalization of $105.07 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, equities analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.96%. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LMT. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Barclays lowered their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price target for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Morgan Stanley decreased their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, Susquehanna dropped their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $553.67.

Lockheed Martin 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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.