Mirae Asset Global Investments Co. Ltd. Raises Position in Lockheed Martin Co. (NYSE:LMT)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 45.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 175,878 shares of the aerospace company’s stock after buying an additional 55,365 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Lockheed Martin were worth $85,988,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LMT. Algert Global LLC acquired a new position in shares of Lockheed Martin during the second quarter worth $277,000. Czech National Bank boosted its position in Lockheed Martin by 6.2% in the 3rd quarter. Czech National Bank now owns 43,214 shares of the aerospace company’s stock valued at $25,261,000 after buying an additional 2,520 shares during the last quarter. WealthBridge Capital Management LLC acquired a new stake in shares of Lockheed Martin during the third quarter valued at about $258,000. Miracle Mile Advisors LLC increased its position in shares of Lockheed Martin by 2.5% during the third quarter. Miracle Mile Advisors LLC now owns 1,471 shares of the aerospace company’s stock worth $860,000 after acquiring an additional 36 shares during the last quarter. Finally, Bath Savings Trust Co lifted its stake in shares of Lockheed Martin by 5.4% in the third quarter. Bath Savings Trust Co now owns 10,062 shares of the aerospace company’s stock worth $5,882,000 after acquiring an additional 513 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 0.3 %

NYSE:LMT opened at $454.00 on Wednesday. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The business has a 50 day simple moving average of $490.97 and a 200 day simple moving average of $537.18. The firm has a market capitalization of $106.87 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.96 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Equities research analysts predict that Lockheed Martin Co. will post 27.29 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.91%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analyst Ratings Changes

LMT has been the topic of several analyst reports. Wells Fargo & Company dropped their price objective on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Barclays dropped their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada reduced their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective for the company. Finally, Citigroup cut their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

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.