Lockheed Martin Co. (NYSE:LMT) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 82.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,621 shares of the aerospace company's stock after buying an additional 12,924 shares during the quarter. Janus Henderson Group PLC's holdings in Lockheed Martin were worth $13,908,000 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 company. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in Lockheed Martin by 51.7% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock valued at $4,630,000 after buying an additional 3,247 shares during the period. Brady Martz Wealth Solutions LLC purchased a new position in shares of Lockheed Martin during the fourth quarter worth $1,266,000. Aquatic Capital Management LLC purchased a new position in Lockheed Martin in the fourth quarter valued at $33,294,000. Private Advisor Group LLC increased its stake in shares of Lockheed Martin by 11.0% during the fourth quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company's stock worth $24,906,000 after purchasing an additional 5,075 shares in the last quarter. Finally, Confluence Wealth Services Inc. increased its stake in shares of Lockheed Martin by 174.0% during the fourth quarter. Confluence Wealth Services Inc. now owns 3,176 shares of the aerospace company's stock worth $1,579,000 after purchasing an additional 2,017 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LMT. Baird R W upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Royal Bank of Canada downgraded 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 research report on Thursday, March 27th. Susquehanna dropped their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a research report on Wednesday, January 29th. Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, StockNews.com lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Nine equities research 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Trading Up 0.5%

NYSE:LMT traded up $2.40 during trading hours on Friday, reaching $467.54. 1,316,927 shares of the company were exchanged, compared to its average volume of 1,287,544. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The firm has a market cap of $109.54 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95. The stock has a 50 day simple moving average of $461.21 and a 200 day simple moving average of $479.58.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The company had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. As a group, analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's dividend payout ratio is presently 57.02%.

Insider Activity

In related news, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. This trade represents a 23.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the sale, the insider now directly owns 2,000 shares of the company's stock, valued at approximately $884,840. The trade was a 61.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,133 shares of company stock valued at $3,155,916. Company insiders own 0.14% of the company's stock.

About Lockheed Martin

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.