Heritage Investors Management Corp Buys 225 Shares of Lockheed Martin Co. (LMT)

Heritage Investors Management Corp increased its stake in Lockheed Martin Co. (NYSE:LMT) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,391 shares of the aerospace company’s stock after purchasing an additional 225 shares during the quarter. Heritage Investors Management Corp’s holdings in Lockheed Martin were worth $8,522,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Lockheed Martin by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,266,343 shares of the aerospace company’s stock worth $7,357,305,000 after buying an additional 199,456 shares in the last quarter. Vanguard Group Inc increased its stake in Lockheed Martin by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 21,266,343 shares of the aerospace company’s stock worth $7,357,305,000 after buying an additional 199,456 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Lockheed Martin by 77,867.1% in the 4th 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. increased its stake in Lockheed Martin by 8.2% in the 4th 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. Finally, Morgan Stanley increased its stake in Lockheed Martin by 3.0% in the 3rd quarter. Morgan Stanley now owns 3,587,085 shares of the aerospace company’s stock worth $1,240,989,000 after buying an additional 105,749 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Shares of Lockheed Martin stock opened at $299.12 on Thursday. The stock has a market cap of $85.53 billion, a PE ratio of 16.76, a PEG ratio of 2.24 and a beta of 1.01. 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 issued its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $4.39. The firm 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 business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted ($2.25) earnings per share. Analysts anticipate that Lockheed Martin Co. will post 19.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a dividend of $2.20 per share. The ex-dividend date was Thursday, February 28th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.94%. Lockheed Martin’s payout ratio is 49.30%.

In other news, Chairman Marillyn A. Hewson sold 59,434 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $306.60, for a total transaction of $18,222,464.40. Following the completion of the transaction, the chairman now owns 109,531 shares in the company, valued at $33,582,204.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michele A. Evans sold 7,690 shares of the firm’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $298.78, for a total value of $2,297,618.20. Following the transaction, the insider now owns 7,690 shares of the company’s stock, valued at approximately $2,297,618.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,186 shares of company stock valued at $26,010,927. Company insiders own 0.35% of the company’s stock.

A number of equities research analysts have issued reports on the company. Susquehanna Bancshares assumed coverage on Lockheed Martin in a research note on Thursday, January 10th. They issued a “positive” rating and a $321.00 price target for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $274.00 price target on shares of Lockheed Martin in a research note on Wednesday, January 9th. Morgan Stanley lowered Lockheed Martin from an “overweight” rating to an “equal weight” rating and set a $300.00 price target for the company. in a research note on Wednesday, January 9th. Robert W. Baird reiterated a “buy” rating and issued a $326.00 price target on shares of Lockheed Martin in a research note on Friday, December 21st. Finally, Bank of America reiterated a “buy” rating and issued a $390.00 price target on shares of Lockheed Martin in a research note on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $350.00.

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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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