Dimensional Fund Advisors LP Has $580.32 Million Holdings in Lockheed Martin Corporation (NYSE:LMT)

Key Points

• Dimensional Fund Advisors LP increased its holdings in Lockheed Martin by 1.9%, now owning approximately 1.3 million shares valued at $580.3 million.
• Recent earnings report revealed Lockheed Martin's EPS was $7.29, surpassing analysts' expectations, although revenue slightly fell short of estimates at $18.16 billion.
• Lockheed Martin declared a quarterly dividend of $3.30 per share, representing an annualized yield of 3.0% with a dividend payout ratio of 74.32%.

Dimensional Fund Advisors LP boosted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 1.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,299,092 shares of the aerospace company's stock after purchasing an additional 24,512 shares during the period. Dimensional Fund Advisors LP owned about 0.55% of Lockheed Martin worth $580,317,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of LMT. Eagle Capital Management LLC lifted its stake in Lockheed Martin by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock valued at $5,261,000 after purchasing an additional 32 shares during the last quarter. Brighton Jones LLC lifted its stake in Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after purchasing an additional 191 shares during the last quarter. Gabelli Funds LLC lifted its stake in Lockheed Martin by 9.6% in the 4th quarter. Gabelli Funds LLC now owns 11,378 shares of the aerospace company's stock valued at $5,529,000 after purchasing an additional 1,000 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in Lockheed Martin by 6.4% in the 4th quarter. Evergreen Capital Management LLC now owns 11,115 shares of the aerospace company's stock valued at $5,401,000 after acquiring an additional 673 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Lockheed Martin by 6.6% in the 4th quarter. NewEdge Advisors LLC now owns 35,889 shares of the aerospace company's stock valued at $17,440,000 after acquiring an additional 2,210 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LMT has been the topic of several research analyst reports. Jefferies Financial Group lowered their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. lowered their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Vertical Research reissued a "hold" rating and issued a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. TD Cowen reissued a "hold" rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Finally, Robert W. Baird lowered their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Fifteen research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of "Hold" and a consensus target price of $506.65.

Lockheed Martin Price Performance

Shares of NYSE LMT traded up $0.46 during trading hours on Friday, hitting $437.78. 1,500,331 shares of the stock were exchanged, compared to its average volume of 2,393,762. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a market cap of $102.20 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 1.54 and a beta of 0.27. The company's fifty day simple moving average is $451.63 and its two-hundred day simple moving average is $456.76. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $0.72. The business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business posted $7.11 EPS. On average, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 3.0%. Lockheed Martin's dividend payout ratio (DPR) is currently 74.32%.

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