Caprock Group LLC Acquires Shares of 5,996 Lockheed Martin Corporation $LMT

Caprock Group LLC acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,996 shares of the aerospace company’s stock, valued at approximately $2,732,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barnes Dennig Private Wealth Management LLC boosted its position in Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $27,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Lockheed Martin during the second quarter worth $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Lockheed Martin during the second quarter valued at $29,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in Lockheed Martin in the third quarter valued at $35,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 1.4%

Shares of LMT opened at $637.25 on Friday. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $646.59. The stock has a market cap of $146.62 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.14 and a beta of 0.23. The firm’s fifty day moving average is $541.42 and its two-hundred day moving average is $492.08. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.84 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. Lockheed Martin’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $7.67 earnings per share. Research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, March 2nd. Lockheed Martin’s dividend payout ratio (DPR) is currently 64.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein reissued a “market perform” rating and set a $654.00 target price on shares of Lockheed Martin in a research note on Friday, February 6th. The Goldman Sachs Group upped their price target on Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a report on Monday, February 2nd. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Robert W. Baird upped their target price on Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 16th. Finally, Royal Bank Of Canada increased their target price on Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and an average target price 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.