LSV Asset Management Has $191.35 Million Stake in Lockheed Martin Co. (NYSE:LMT)

LSV Asset Management lifted its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 422,173 shares of the aerospace company's stock after buying an additional 10,376 shares during the period. LSV Asset Management owned approximately 0.17% of Lockheed Martin worth $191,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Herold Advisors Inc. lifted its position in shares of Lockheed Martin by 8.6% in the third quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company's stock valued at $1,410,000 after acquiring an additional 274 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Lockheed Martin by 3.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company's stock worth $8,624,000 after buying an additional 770 shares during the period. Alethea Capital Management LLC purchased a new stake in Lockheed Martin during the third quarter worth $415,000. New Mexico Educational Retirement Board lifted its holdings in Lockheed Martin by 6.4% during the third quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company's stock worth $4,784,000 after buying an additional 700 shares during the period. Finally, Gilbert & Cook Inc. lifted its holdings in Lockheed Martin by 22.8% during the third quarter. Gilbert & Cook Inc. now owns 1,275 shares of the aerospace company's stock worth $521,000 after buying an additional 237 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. The Goldman Sachs Group decreased their price objective on Lockheed Martin from $380.00 to $377.00 and set a "sell" rating for the company in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on Lockheed Martin from $467.00 to $487.00 and gave the company a "hold" rating in a report on Thursday, April 25th. StockNews.com upgraded Lockheed Martin from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 25th. Royal Bank of Canada cut their target price on Lockheed Martin from $475.00 to $470.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 24th. Finally, Susquehanna cut their target price on Lockheed Martin from $550.00 to $540.00 and set a "positive" rating on the stock in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $485.40.

Insider Transactions at Lockheed Martin

In other news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares of the company's stock, valued at approximately $5,434,718.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock valued at $7,249,946 in the last ninety days. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Stock Performance

LMT traded down $1.29 during midday trading on Friday, hitting $461.91. 910,781 shares of the company were exchanged, compared to its average volume of 1,142,922. The company's 50 day simple moving average is $447.42 and its 200 day simple moving average is $445.38. The firm has a market capitalization of $110.83 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 4.24 and a beta of 0.46. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $6.43 EPS. As a group, sell-side analysts predict that Lockheed Martin Co. will post 26.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be given a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.73%. The ex-dividend date is Monday, June 3rd. Lockheed Martin's dividend payout ratio is currently 46.10%.

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.