Penserra Capital Management LLC Raises Stock Position in Lockheed Martin Corporation (NYSE:LMT)

Penserra Capital Management LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 42.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,823 shares of the aerospace company's stock after purchasing an additional 10,925 shares during the period. Penserra Capital Management LLC's holdings in Lockheed Martin were worth $16,448,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. First American Bank grew its holdings in Lockheed Martin by 18.8% during the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock worth $3,749,000 after acquiring an additional 1,327 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth $33,294,000. Cantor Fitzgerald Investment Advisors L.P. increased its holdings in shares of Lockheed Martin by 18.6% in the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock valued at $7,652,000 after purchasing an additional 2,686 shares in the last quarter. State of Wyoming lifted its stake in shares of Lockheed Martin by 93.9% in the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock valued at $541,000 after purchasing an additional 539 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Lockheed Martin by 3.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company's stock valued at $49,893,000 after purchasing an additional 3,809 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LMT. Royal Bank Of Canada cut shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a report on Wednesday, April 16th. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price on the stock in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company dropped their price target on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Trading Up 1.4%

LMT traded up $6.42 during midday trading on Monday, hitting $468.94. The company's stock had a trading volume of 1,223,396 shares, compared to its average volume of 1,357,156. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95. The firm has a 50-day moving average price of $470.60 and a two-hundred day moving average price of $465.47. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. The firm has a market cap of $109.87 billion, a P/E ratio of 20.26, a PEG ratio of 1.61 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. On average, research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is currently 57.02%.

Lockheed Martin Company 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.