Mirae Asset Global Investments Co. Ltd. Increases Stake in Lockheed Martin Corporation (NYSE:LMT)

Mirae Asset Global Investments Co. Ltd. increased its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 14.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 201,566 shares of the aerospace company's stock after purchasing an additional 25,688 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.09% of Lockheed Martin worth $88,989,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in LMT. Private Portfolio Partners LLC boosted its position in Lockheed Martin by 4.8% during the 4th quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company's stock valued at $244,000 after buying an additional 23 shares during the period. Tealwood Asset Management Inc. boosted its position in Lockheed Martin by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after buying an additional 23 shares during the period. Southland Equity Partners LLC boosted its position in Lockheed Martin by 3.1% during the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after buying an additional 23 shares during the period. Nvest Financial LLC boosted its position in Lockheed Martin by 0.6% during the 1st quarter. Nvest Financial LLC now owns 3,621 shares of the aerospace company's stock valued at $1,617,000 after buying an additional 23 shares during the period. Finally, Reston Wealth Management LLC boosted its position in Lockheed Martin by 4.5% during the 1st quarter. Reston Wealth Management LLC now owns 533 shares of the aerospace company's stock valued at $238,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

LMT has been the subject of several analyst reports. Jefferies Financial Group dropped their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Melius Research cut shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a research note on Wednesday, April 16th. Wells Fargo & Company decreased their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Trading Up 0.2%

Shares of NYSE LMT opened at $458.59 on Friday. Lockheed Martin Corporation has a 1 year low of $418.88 and a 1 year high of $618.95. The stock has a market cap of $107.45 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.60 and a beta of 0.29. The firm has a 50-day moving average of $470.80 and a 200 day moving average of $466.78. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. The business 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%. As a group, sell-side analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.88%. 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.

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