Lockheed Martin Corporation $LMT Shares Purchased by Assetmark Inc.

Assetmark Inc. raised its stake in Lockheed Martin Corporation (NYSE:LMT) by 183.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,215 shares of the aerospace company’s stock after buying an additional 4,026 shares during the period. Assetmark Inc.’s holdings in Lockheed Martin were worth $3,103,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of LMT. Tableaux LLC raised its holdings in shares of Lockheed Martin by 34,231.4% during the second quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock valued at $288,589,000 after acquiring an additional 621,300 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Lockheed Martin by 169.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock worth $265,030,000 after purchasing an additional 359,748 shares in the last quarter. Vanguard Group Inc. raised its stake in Lockheed Martin by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock valued at $10,048,993,000 after purchasing an additional 214,565 shares during the period. Holocene Advisors LP purchased a new stake in shares of Lockheed Martin in the second quarter valued at $92,628,000. Finally, Natixis lifted its holdings in shares of Lockheed Martin by 1,478.6% in the second quarter. Natixis now owns 203,859 shares of the aerospace company’s stock valued at $94,415,000 after purchasing an additional 190,945 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

LMT stock opened at $650.67 on Thursday. The firm has a 50 day moving average of $556.48 and a two-hundred day moving average of $499.04. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $660.55. The company has a market capitalization of $149.71 billion, a price-to-earnings ratio of 30.28, a P/E/G ratio of 1.17 and a beta of 0.23. 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 released its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The business had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.67 EPS. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a yield of 2.1%. Lockheed Martin’s dividend payout ratio is presently 64.22%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LMT. Sanford C. Bernstein reissued a “market perform” rating and set a $654.00 price target on shares of Lockheed Martin in a research report on Friday, February 6th. Susquehanna reiterated a “positive” rating and issued a $660.00 target price on shares of Lockheed Martin in a report on Thursday, January 15th. BNP Paribas Exane raised their price target on shares of Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 8th. Finally, Morgan Stanley set a $675.00 target price on shares of Lockheed Martin in a research report on Wednesday, February 4th. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, 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.