Mn Services Vermogensbeheer B.V. Increases Stake in Lockheed Martin Co. (LMT)

Mn Services Vermogensbeheer B.V. increased its stake in Lockheed Martin Co. (NYSE:LMT) by 5.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,492 shares of the aerospace company’s stock after buying an additional 2,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Lockheed Martin were worth $9,962,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of LMT. Man Group plc boosted its stake in Lockheed Martin by 63.0% during the 3rd quarter. Man Group plc now owns 70,260 shares of the aerospace company’s stock valued at $24,307,000 after purchasing an additional 27,160 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in shares of Lockheed Martin by 277.3% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 26,952 shares of the aerospace company’s stock worth $9,324,000 after buying an additional 19,808 shares during the last quarter. California Public Employees Retirement System raised its holdings in Lockheed Martin by 40.6% in the 4th quarter. California Public Employees Retirement System now owns 1,294,842 shares of the aerospace company’s stock worth $339,041,000 after purchasing an additional 373,997 shares during the period. Schulhoff & Co. Inc. raised its holdings in Lockheed Martin by 1.6% in the 4th quarter. Schulhoff & Co. Inc. now owns 13,088 shares of the aerospace company’s stock worth $3,427,000 after purchasing an additional 205 shares during the period. Finally, Eastern Bank raised its holdings in Lockheed Martin by 0.6% in the 4th quarter. Eastern Bank now owns 11,919 shares of the aerospace company’s stock worth $3,120,000 after purchasing an additional 74 shares during the period. Institutional investors own 78.34% of the company’s stock.

In other Lockheed Martin news, insider Michele A. Evans sold 7,690 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $298.78, for a total transaction of $2,297,618.20. Following the completion of the transaction, the insider now owns 7,690 shares in the company, valued at $2,297,618.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brian P. Colan sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $304.56, for a total value of $1,218,240.00. Following the transaction, the vice president now owns 2,489 shares of the company’s stock, valued at approximately $758,049.84. The disclosure for this sale can be found here. Insiders have sold 85,186 shares of company stock valued at $26,010,927 in the last 90 days. Company insiders own 0.35% of the company’s stock.

A number of brokerages recently commented on LMT. ValuEngine cut Lockheed Martin from a “hold” rating to a “sell” rating in a report on Wednesday, February 20th. Morgan Stanley raised their target price on Lockheed Martin from $300.00 to $324.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 13th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $313.00 target price on shares of Lockheed Martin in a report on Tuesday, February 5th. Barclays decreased their target price on Lockheed Martin from $369.00 to $325.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 4th. Finally, Bank of America reaffirmed a “buy” rating and issued a $390.00 target price on shares of Lockheed Martin in a report on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $350.00.

Shares of Lockheed Martin stock opened at $298.51 on Friday. The stock has a market cap of $85.74 billion, a PE ratio of 16.72, a PEG ratio of 2.24 and a beta of 1.02. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 8.70. Lockheed Martin Co. has a twelve month low of $241.18 and a twelve month high of $361.99.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 29th. The aerospace company reported $4.39 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $4.39. The company had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.75 billion. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted ($2.25) earnings per share. Analysts anticipate that Lockheed Martin Co. will post 19.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be given a dividend of $2.20 per share. The ex-dividend date is Thursday, February 28th. This represents a $8.80 annualized dividend and a dividend yield of 2.95%. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.30%.

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About Lockheed Martin

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.

Further Reading: SEC Filing

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

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