Mn Services Vermogensbeheer B.V. Purchases 600 Shares of Lockheed Martin Co. (LMT)

Mn Services Vermogensbeheer B.V. grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,192 shares of the aerospace company’s stock after purchasing an additional 600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Lockheed Martin were worth $14,251,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. grew its stake in Lockheed Martin by 0.7% in the 2nd quarter. BlackRock Inc. now owns 17,248,707 shares of the aerospace company’s stock valued at $5,095,787,000 after acquiring an additional 117,082 shares during the period. Morgan Stanley grew its stake in Lockheed Martin by 4.4% in the 2nd quarter. Morgan Stanley now owns 3,481,336 shares of the aerospace company’s stock valued at $1,028,490,000 after acquiring an additional 147,745 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Lockheed Martin by 13.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,552,936 shares of the aerospace company’s stock valued at $754,213,000 after acquiring an additional 292,851 shares during the period. FMR LLC grew its stake in Lockheed Martin by 1.4% in the 2nd quarter. FMR LLC now owns 2,337,478 shares of the aerospace company’s stock valued at $690,562,000 after acquiring an additional 32,879 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in Lockheed Martin by 2.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,598,709 shares of the aerospace company’s stock valued at $472,307,000 after acquiring an additional 42,089 shares during the period. 78.02% of the stock is owned by hedge funds and other institutional investors.

Shares of LMT opened at $309.82 on Thursday. Lockheed Martin Co. has a 52-week low of $283.21 and a 52-week high of $363.00. The company has a debt-to-equity ratio of 13.46, a quick ratio of 0.91 and a current ratio of 1.11. The firm has a market cap of $87.19 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 23rd. The aerospace company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.31 by $0.83. Lockheed Martin had a net margin of 5.78% and a return on equity of 2,680.55%. The company had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $13.10 billion. During the same quarter in the previous year, the company posted $3.24 EPS. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, analysts forecast that Lockheed Martin Co. will post 17.68 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 3rd will be paid a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 2.84%. The ex-dividend date is Friday, November 30th. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.00. Lockheed Martin’s payout ratio is 60.02%.

Lockheed Martin declared that its Board of Directors has authorized a stock repurchase plan on Thursday, September 27th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the aerospace company to buy up to 1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

LMT has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $343.00 price target on the stock in a research note on Wednesday, July 11th. Morgan Stanley dropped their price target on shares of Lockheed Martin from $370.00 to $352.00 and set an “overweight” rating on the stock in a research note on Thursday, July 12th. Cowen raised shares of Lockheed Martin from a “market perform” rating to an “outperform” rating and set a $370.00 price target on the stock in a research note on Wednesday, July 25th. Stifel Nicolaus dropped their price target on shares of Lockheed Martin from $400.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, July 25th. Finally, Sanford C. Bernstein lifted their price target on shares of Lockheed Martin from $349.00 to $356.00 and gave the company a “market perform” rating in a research note on Wednesday, July 25th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $376.49.

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Lockheed Martin Company Profile

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 (MFC), Rotary and Mission Systems (RMS), and Space.

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

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