Gamco Investors INC. ET AL raised its position in shares of Lockheed Martin Co. (NYSE:LMT – Get Rating) by 69.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,876 shares of the aerospace company’s stock after purchasing an additional 1,175 shares during the period. Gamco Investors INC. ET AL’s holdings in Lockheed Martin were worth $1,022,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of LMT. Counterpoint Mutual Funds LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $27,000. TAP Consulting LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $31,000. Ten Capital Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $35,000. Horan Securities Inc. acquired a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $42,000. Finally, Disciplined Investments LLC lifted its stake in shares of Lockheed Martin by 720.0% in the 4th quarter. Disciplined Investments LLC now owns 123 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 108 shares during the period. 78.89% of the stock is owned by institutional investors.
LMT has been the subject of a number of research reports. Argus raised their target price on shares of Lockheed Martin from $415.00 to $500.00 in a report on Wednesday, April 20th. Susquehanna Bancshares raised their price objective on Lockheed Martin from $515.00 to $539.00 in a research note on Wednesday, April 20th. Morgan Stanley boosted their target price on Lockheed Martin from $450.00 to $521.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 2nd. Wolfe Research raised Lockheed Martin from a “peer perform” rating to an “outperform” rating and set a $467.00 target price on the stock in a research report on Monday, February 28th. Finally, Wells Fargo & Company boosted their target price on Lockheed Martin from $486.00 to $496.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 20th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $448.86.
Shares of LMT stock opened at $447.54 on Thursday. Lockheed Martin Co. has a 1-year low of $324.23 and a 1-year high of $479.99. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $119.09 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 2.79 and a beta of 0.76. The stock’s fifty day simple moving average is $445.17 and its 200-day simple moving average is $398.81.
Lockheed Martin (NYSE:LMT – Get Rating) last issued its quarterly earnings results on Tuesday, April 19th. The aerospace company reported $6.44 earnings per share for the quarter, beating analysts’ consensus estimates of $6.22 by $0.22. Lockheed Martin had a return on equity of 81.35% and a net margin of 9.45%. The business had revenue of $14.96 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter in the previous year, the company posted $6.56 earnings per share. Lockheed Martin’s revenue for the quarter was down 8.0% compared to the same quarter last year. On average, sell-side analysts predict that Lockheed Martin Co. will post 26.85 EPS for the current year.
The company also recently announced 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 of this dividend is Tuesday, May 31st. This represents a $11.20 dividend on an annualized basis and a yield of 2.50%. Lockheed Martin’s dividend payout ratio (DPR) is currently 49.47%.
About Lockheed Martin (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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