Lockheed Martin Co. (LMT) Shares Bought by NumerixS Investment Technologies Inc

NumerixS Investment Technologies Inc lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 45.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,800 shares of the aerospace company’s stock after acquiring an additional 1,500 shares during the period. NumerixS Investment Technologies Inc’s holdings in Lockheed Martin were worth $1,254,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in LMT. Oregon Public Employees Retirement Fund boosted its stake in Lockheed Martin by 77,867.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,152,483 shares of the aerospace company’s stock worth $81,000 after buying an additional 21,125,353 shares in the last quarter. BlackRock Inc. boosted its stake in Lockheed Martin by 8.2% during the fourth quarter. BlackRock Inc. now owns 18,811,944 shares of the aerospace company’s stock worth $4,925,719,000 after buying an additional 1,426,889 shares in the last quarter. Capital International Investors boosted its stake in Lockheed Martin by 47.7% during the third quarter. Capital International Investors now owns 3,465,642 shares of the aerospace company’s stock worth $1,198,974,000 after buying an additional 1,119,631 shares in the last quarter. California Public Employees Retirement System boosted its stake in Lockheed Martin by 40.6% during the fourth quarter. California Public Employees Retirement System now owns 1,294,842 shares of the aerospace company’s stock worth $339,041,000 after buying an additional 373,997 shares in the last quarter. Finally, FMR LLC boosted its stake in Lockheed Martin by 13.7% during the third quarter. FMR LLC now owns 2,656,966 shares of the aerospace company’s stock worth $919,205,000 after buying an additional 319,488 shares in the last quarter. Institutional investors and hedge funds own 78.34% of the company’s stock.

Shares of NYSE LMT opened at $296.15 on Friday. The firm has a market cap of $83.68 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 2.24 and a beta of 1.02. Lockheed Martin Co. has a 52-week low of $241.18 and a 52-week high of $361.99. The company has a debt-to-equity ratio of 8.70, a current ratio of 1.12 and a quick ratio of 0.91.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $4.39. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The company had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.75 billion. During the same period last year, the business earned ($2.25) earnings per share. The business’s revenue was up 4.1% on a year-over-year basis. As a group, sell-side analysts predict that Lockheed Martin Co. will post 19.42 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be issued a $2.20 dividend. The ex-dividend date is Thursday, February 28th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.97%. Lockheed Martin’s dividend payout ratio is 49.30%.

In related news, insider John Frank A. St sold 1,900 shares of Lockheed Martin stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $305.42, for a total value of $580,298.00. Following the completion of the transaction, the insider now directly owns 551 shares of the company’s stock, valued at $168,286.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard F. Ambrose sold 6,647 shares of Lockheed Martin stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $301.34, for a total value of $2,003,006.98. Following the completion of the transaction, the executive vice president now directly owns 4,218 shares of the company’s stock, valued at $1,271,052.12. The disclosure for this sale can be found here. Insiders sold 85,186 shares of company stock valued at $26,010,927 over the last ninety days. 0.35% of the stock is currently owned by company insiders.

A number of research firms have weighed in on LMT. ValuEngine downgraded shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research note on Wednesday, February 20th. Morgan Stanley lifted their price target on shares of Lockheed Martin from $300.00 to $324.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 13th. Jefferies Financial Group reiterated a “hold” rating and set a $313.00 price target on shares of Lockheed Martin in a research note on Tuesday, February 5th. Bank of America reiterated a “buy” rating and set a $390.00 price target on shares of Lockheed Martin in a research note on Wednesday, January 30th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $297.00 price target on shares of Lockheed Martin in a research note on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Lockheed Martin currently has an average rating of “Buy” and an average target price of $350.00.

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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.

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

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