Lockheed Martin Corporation (NYSE:LMT) Shares Bought by National Pension Service

Key Points

• The National Pension Service increased its stake in Lockheed Martin Corporation by 9.9%, acquiring an additional 42,170 shares in the first quarter, bringing its total to 466,509 shares.
• Lockheed Martin announced a quarterly dividend of $3.30 per share, representing an annualized dividend of $13.20 and a dividend yield of 3.0%.
• The company reported earnings of $7.29 per share for the last quarter, surpassing analysts' expectations of $6.57, although revenue was slightly below estimates at $18.16 billion.

National Pension Service boosted its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 9.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 466,509 shares of the aerospace company's stock after buying an additional 42,170 shares during the period. National Pension Service owned approximately 0.20% of Lockheed Martin worth $208,394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Entropy Technologies LP boosted its position in Lockheed Martin by 410.2% during the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock valued at $7,874,000 after purchasing an additional 14,171 shares in the last quarter. PTM Wealth Management LLC acquired a new stake in Lockheed Martin in the first quarter worth about $377,000. First American Bank boosted its holdings in Lockheed Martin by 18.8% in 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 in the last quarter. Aquatic Capital Management LLC acquired a new stake in Lockheed Martin in the fourth quarter worth about $33,294,000. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in Lockheed Martin by 18.6% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock worth $7,652,000 after acquiring an additional 2,686 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Up 0.1%

LMT traded up $0.46 during mid-day trading on Friday, hitting $437.78. 1,500,331 shares of the stock were exchanged, compared to its average volume of 1,682,531. The firm's fifty day moving average is $452.51 and its two-hundred day moving average is $456.88. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The company has a market cap of $102.20 billion, a PE ratio of 24.65, a PEG ratio of 1.55 and a beta of 0.27.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its 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. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same quarter in the prior year, the company earned $7.11 EPS. Lockheed Martin's revenue was up .2% on a year-over-year basis. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared 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 of this dividend 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%.

Analyst Ratings Changes

Several brokerages have recently issued reports on LMT. Royal Bank Of Canada reduced their price objective on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. UBS Group reduced their price target on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Robert W. Baird cut their price objective on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a "market perform" rating in a research report on Monday, July 14th. Finally, Truist Financial lowered Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price target for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Fifteen analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $506.65.

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.