Aberdeen Group plc Has $26.11 Million Stock Holdings in Lockheed Martin Corporation $LMT

Aberdeen Group plc grew its position in Lockheed Martin Corporation (NYSE:LMT) by 140.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,070 shares of the aerospace company’s stock after purchasing an additional 31,042 shares during the quarter. Aberdeen Group plc’s holdings in Lockheed Martin were worth $26,109,000 as of its most recent SEC filing.

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

Lockheed Martin Stock Down 0.5%

Shares of NYSE:LMT opened at $649.18 on Wednesday. The company’s fifty day moving average is $552.83 and its 200-day moving average is $497.97. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $656.34. The company has a market capitalization of $149.36 billion, a PE ratio of 30.21, a P/E/G ratio of 1.18 and a beta of 0.23.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.33 by ($0.53). The firm 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 company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $7.67 earnings per share. Equities research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

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

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research reports. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. TD Cowen upped their price objective on shares of Lockheed Martin from $600.00 to $670.00 and gave the company a “hold” rating in a research report on Friday, January 30th. The Goldman Sachs Group lifted their target price on Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research report on Monday, February 2nd. Susquehanna restated a “positive” rating and set a $660.00 price target on shares of Lockheed Martin in a research note on Thursday, January 15th. Finally, Robert W. Baird raised their price objective on Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $612.50.

Lockheed Martin Company 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.