Equitable Holdings Inc. Buys 111 Shares of Lockheed Martin Co. (NYSE:LMT)

Equitable Holdings Inc. lifted its stake in Lockheed Martin Co. (NYSE:LMTGet Rating) by 0.6% during the fourth quarter, Holdings Channel reports. The fund owned 17,909 shares of the aerospace company’s stock after acquiring an additional 111 shares during the quarter. Equitable Holdings Inc.’s holdings in Lockheed Martin were worth $6,365,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $27,000. TAP Consulting LLC bought a new position in shares of Lockheed Martin during the 4th quarter worth approximately $31,000. Ten Capital Wealth Advisors LLC bought a new position in Lockheed Martin in the 3rd quarter valued at $35,000. Horan Securities Inc. bought a new position in Lockheed Martin in the 4th quarter valued at $42,000. Finally, Disciplined Investments LLC raised its position in Lockheed Martin by 720.0% in the 4th quarter. Disciplined Investments LLC now owns 123 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 108 shares during the last quarter. 78.89% of the stock is currently owned by hedge funds and other institutional investors.

In other Lockheed Martin news, COO John Frank A. St sold 8,063 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $435.91, for a total value of $3,514,742.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Brian P. Colan sold 1,937 shares of the company’s stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $426.45, for a total value of $826,033.65. The disclosure for this sale can be found here. Insiders sold 17,250 shares of company stock worth $7,464,599 in the last 90 days. Corporate insiders own 0.17% of the company’s stock.

LMT traded down $1.96 on Wednesday, hitting $439.04. 13,913 shares of the company were exchanged, compared to its average volume of 1,392,347. Lockheed Martin Co. has a 12 month low of $324.23 and a 12 month high of $479.99. The company has a market cap of $116.83 billion, a PE ratio of 19.48, a PEG ratio of 2.85 and a beta of 0.76. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.07 and a current ratio of 1.27. The stock’s fifty day moving average is $445.55 and its 200-day moving average is $395.00.

Lockheed Martin (NYSE:LMTGet Rating) last released its earnings results on Tuesday, April 19th. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $0.22. The business had revenue of $14.96 billion for the quarter, compared to analyst estimates of $15.49 billion. Lockheed Martin had a return on equity of 81.35% and a net margin of 9.45%. Lockheed Martin’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.56 earnings per share. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.85 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Wednesday, June 1st will be paid a $2.80 dividend. The ex-dividend date is Tuesday, May 31st. This represents a $11.20 annualized dividend and a yield of 2.55%. Lockheed Martin’s dividend payout ratio is 49.47%.

A number of research firms have recently weighed in on LMT. Susquehanna boosted their target price on Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. UBS Group lifted their price objective on Lockheed Martin from $410.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, January 26th. Wolfe Research raised Lockheed Martin from a “peer perform” rating to an “outperform” rating and set a $467.00 target price for the company in a research note on Monday, February 28th. Wells Fargo & Company boosted their target price on Lockheed Martin from $486.00 to $496.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 20th. Finally, Seaport Res Ptn reissued a “buy” rating on shares of Lockheed Martin in a research note on Tuesday, April 19th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $448.86.

Lockheed Martin Profile (Get Rating)

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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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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