Allen Capital Group LLC lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 271.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,435 shares of the aerospace company’s stock after acquiring an additional 3,242 shares during the quarter. Allen Capital Group LLC’s holdings in Lockheed Martin were worth $1,255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Lockheed Martin by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,266,343 shares of the aerospace company’s stock worth $7,357,305,000 after acquiring an additional 199,456 shares in the last quarter. Vanguard Group Inc raised its position in Lockheed Martin by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 21,266,343 shares of the aerospace company’s stock worth $7,357,305,000 after purchasing an additional 199,456 shares during the last quarter. BlackRock Inc. raised its position in Lockheed Martin by 0.8% in the 3rd quarter. BlackRock Inc. now owns 17,385,055 shares of the aerospace company’s stock worth $6,014,535,000 after purchasing an additional 136,348 shares during the last quarter. Morgan Stanley raised its position in Lockheed Martin by 3.0% in the 3rd quarter. Morgan Stanley now owns 3,587,085 shares of the aerospace company’s stock worth $1,240,989,000 after purchasing an additional 105,749 shares during the last quarter. Finally, Capital International Investors raised its position in Lockheed Martin by 47.7% in the 3rd quarter. Capital International Investors now owns 3,465,642 shares of the aerospace company’s stock worth $1,198,974,000 after purchasing an additional 1,119,631 shares during the last quarter. 77.76% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. ValuEngine cut shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. Vertical Research upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $340.00 price objective for the company in a research report on Thursday, January 10th. Morgan Stanley restated an “equal weight” rating on shares of Lockheed Martin in a research report on Thursday, January 10th. Finally, Susquehanna Bancshares assumed coverage on shares of Lockheed Martin in a research report on Thursday, January 10th. They issued a “positive” rating and a $321.00 price objective for the company. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $351.39.

In other Lockheed Martin news, VP Bruce L. Tanner sold 11,203 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $308.49, for a total transaction of $3,456,013.47. Following the completion of the sale, the vice president now owns 79,770 shares in the company, valued at approximately $24,608,247.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Shares of Lockheed Martin stock opened at $290.58 on Monday. The firm has a market cap of $82.65 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 2.15 and a beta of 1.02. Lockheed Martin Co. has a 52 week low of $241.18 and a 52 week high of $363.00. The company has a debt-to-equity ratio of 8.70, a current ratio of 1.12 and a quick ratio of 0.91.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 29th. The aerospace company reported $4.39 EPS for the quarter, meeting the consensus estimate of $4.39. The company had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.75 billion. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($2.25) EPS. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 19.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be given a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Thursday, February 28th. Lockheed Martin’s payout ratio is 49.30%.

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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. 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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