Harel Insurance Investments & Financial Services Ltd. Has $47.99 Million Stake in Lockheed Martin Corporation (NYSE:LMT)

Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 767.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,423 shares of the aerospace company's stock after acquiring an additional 95,033 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Lockheed Martin were worth $47,987,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in Lockheed Martin by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock worth $2,374,557,000 after acquiring an additional 59,597 shares during the last quarter. Northern Trust Corp raised its position in shares of Lockheed Martin by 6.3% in the fourth quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock valued at $1,098,667,000 after buying an additional 134,662 shares during the last quarter. Invesco Ltd. raised its position in shares of Lockheed Martin by 17.5% in the fourth quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock valued at $1,035,989,000 after buying an additional 318,007 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Lockheed Martin by 41,104.9% in the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after buying an additional 1,986,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Lockheed Martin by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,274,580 shares of the aerospace company's stock valued at $619,369,000 after buying an additional 70,516 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LMT shares. Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Wells Fargo & Company lowered their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price for the company in a report on Wednesday, April 16th. Bank of America downgraded shares of Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their target price for the company from $685.00 to $485.00 in a report on Monday, March 24th. Finally, Baird R W upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Trading Up 0.2%

LMT traded up $0.76 during trading on Friday, hitting $463.31. 707,859 shares of the company's stock were exchanged, compared to its average volume of 1,354,786. The firm has a market cap of $108.55 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 1.61 and a beta of 0.28. The stock has a 50 day moving average price of $470.60 and a 200 day moving average price of $465.69. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. Lockheed Martin Corporation has a 1 year low of $418.88 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating the consensus estimate of $6.34 by $0.94. The business had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. As a group, analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.85%. Lockheed Martin's payout ratio is currently 57.02%.

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.