Caprock Group LLC Buys 238 Shares of Lockheed Martin Co. (NYSE:LMT)

Caprock Group LLC increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 3.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,487 shares of the aerospace company’s stock after acquiring an additional 238 shares during the quarter. Caprock Group LLC’s holdings in Lockheed Martin were worth $3,639,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LMT. International Assets Investment Management LLC lifted its position in shares of Lockheed Martin by 60,592.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company’s stock worth $911,433,000 after buying an additional 1,556,609 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Lockheed Martin by 124.0% during the third quarter. Los Angeles Capital Management LLC now owns 450,870 shares of the aerospace company’s stock valued at $263,561,000 after acquiring an additional 249,591 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Lockheed Martin by 8.5% during the third quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company’s stock worth $1,797,437,000 after acquiring an additional 240,306 shares during the period. FMR LLC boosted its position in Lockheed Martin by 6.6% in the third quarter. FMR LLC now owns 3,389,025 shares of the aerospace company’s stock worth $1,981,088,000 after purchasing an additional 209,591 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Lockheed Martin by 49.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 480,947 shares of the aerospace company’s stock valued at $281,142,000 after purchasing an additional 158,064 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Up 0.6 %

Shares of NYSE LMT opened at $462.53 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The company has a market cap of $108.88 billion, a P/E ratio of 20.78, a P/E/G ratio of 3.78 and a beta of 0.48. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The business has a 50-day simple moving average of $493.89 and a two-hundred day simple moving average of $536.43.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Research analysts anticipate that Lockheed Martin Co. will post 27.09 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LMT shares. Truist Financial initiated coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target on the stock. StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday. Susquehanna decreased their price target 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. TD Cowen upped their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company reduced their price objective on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

About Lockheed Martin

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.