Lockheed Martin Co. (LMT) Position Boosted by CAPROCK Group Inc.

CAPROCK Group Inc. boosted its position in Lockheed Martin Co. (NYSE:LMT) by 26.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,792 shares of the aerospace company’s stock after purchasing an additional 579 shares during the period. CAPROCK Group Inc.’s holdings in Lockheed Martin were worth $838,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its holdings in shares of Lockheed Martin by 77,867.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,152,483 shares of the aerospace company’s stock valued at $81,000 after purchasing an additional 21,125,353 shares during the period. BlackRock Inc. raised its holdings in shares of Lockheed Martin by 8.2% during the fourth quarter. BlackRock Inc. now owns 18,811,944 shares of the aerospace company’s stock valued at $4,925,719,000 after purchasing an additional 1,426,889 shares during the period. Geode Capital Management LLC raised its holdings in shares of Lockheed Martin by 25.3% during the fourth quarter. Geode Capital Management LLC now owns 3,422,800 shares of the aerospace company’s stock valued at $894,874,000 after purchasing an additional 691,751 shares during the period. California Public Employees Retirement System raised its holdings in shares of Lockheed Martin by 40.6% during the fourth quarter. California Public Employees Retirement System now owns 1,294,842 shares of the aerospace company’s stock valued at $339,041,000 after purchasing an additional 373,997 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of Lockheed Martin by 47.7% during the fourth quarter. Bank of Montreal Can now owns 968,019 shares of the aerospace company’s stock valued at $253,466,000 after purchasing an additional 312,488 shares during the period. Institutional investors and hedge funds own 78.31% of the company’s stock.

NYSE:LMT opened at $310.06 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 8.70. The stock has a market cap of $87.23 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01. Lockheed Martin Co. has a one year low of $241.18 and a one year high of $361.99.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 29th. The aerospace company reported $4.39 EPS for the quarter, hitting the consensus estimate of $4.39. The company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.75 billion. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($2.25) earnings per share. On average, equities analysts predict that Lockheed Martin Co. will post 19.46 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Thursday, February 28th. Lockheed Martin’s payout ratio is presently 49.30%.

Several equities analysts have recently weighed in on the stock. Susquehanna Bancshares assumed coverage on shares of Lockheed Martin in a report on Thursday, January 10th. They set a “positive” rating and a $321.00 price objective on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $274.00 price objective on shares of Lockheed Martin in a report on Wednesday, January 9th. Morgan Stanley lowered shares of Lockheed Martin from an “overweight” rating to an “equal weight” rating and set a $300.00 price objective on the stock. in a report on Wednesday, January 9th. Robert W. Baird reiterated a “buy” rating and set a $326.00 price objective on shares of Lockheed Martin in a report on Friday, December 21st. Finally, Bank of America reiterated a “buy” rating and set a $390.00 price objective on shares of Lockheed Martin in a report on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $350.00.

In other news, Chairman Marillyn A. Hewson sold 59,434 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $306.60, for a total transaction of $18,222,464.40. Following the completion of the sale, the chairman now directly owns 109,531 shares of the company’s stock, valued at $33,582,204.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michele A. Evans sold 7,690 shares of the business’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $298.78, for a total transaction of $2,297,618.20. Following the sale, the insider now directly owns 7,690 shares of the company’s stock, valued at $2,297,618.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,186 shares of company stock valued at $26,010,927. 0.35% of the stock is currently owned by insiders.

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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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