DT Investment Partners LLC Raises Holdings in Lockheed Martin Co. (NYSE:LMT)

DT Investment Partners LLC grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 869 shares of the aerospace company’s stock after buying an additional 119 shares during the quarter. DT Investment Partners LLC’s holdings in Lockheed Martin were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its position in Lockheed Martin by 0.5% during the first quarter. State Street Corp now owns 37,972,543 shares of the aerospace company’s stock valued at $17,950,761,000 after purchasing an additional 176,739 shares in the last quarter. Vanguard Group Inc. lifted its position in Lockheed Martin by 1.3% during the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after purchasing an additional 279,162 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Lockheed Martin by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,686,937 shares of the aerospace company’s stock valued at $2,302,388,000 after purchasing an additional 97,916 shares in the last quarter. Wellington Management Group LLP lifted its position in Lockheed Martin by 4.0% during the third quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock valued at $1,291,816,000 after purchasing an additional 121,358 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Lockheed Martin by 4.0% during the third quarter. Northern Trust Corp now owns 2,388,377 shares of the aerospace company’s stock valued at $976,751,000 after purchasing an additional 91,109 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

Shares of LMT stock traded up $7.78 during trading hours on Friday, hitting $463.87. The stock had a trading volume of 1,388,020 shares, compared to its average volume of 1,002,270. The stock’s 50-day moving average price is $440.00 and its two-hundred day moving average price is $442.60. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $495.83. The stock has a market capitalization of $111.56 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 4.16 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, beating analysts’ consensus estimates of $7.26 by $0.64. The firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.79 earnings per share. Equities analysts forecast that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a dividend of $3.15 per share. The ex-dividend date was Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.72%. Lockheed Martin’s dividend payout ratio is 45.74%.

Insider Activity

In related news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the sale, the insider now owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Citigroup lowered their price objective on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. UBS Group lowered their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Morgan Stanley lowered their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada lowered their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus price target of $487.70.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.