Lockheed Martin Corporation (NYSE:LMT) Stock Holdings Increased by Penserra Capital Management LLC

Penserra Capital Management LLC boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 42.2% in the 1st quarter, Holdings Channel reports. The firm owned 36,823 shares of the aerospace company’s stock after buying an additional 10,925 shares during the period. Penserra Capital Management LLC’s holdings in Lockheed Martin were worth $16,448,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LMT. Millstone Evans Group LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth $32,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Lockheed Martin during the fourth quarter valued at $34,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $35,000. Redwood Park Advisors LLC purchased a new position in Lockheed Martin in the 4th quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Lockheed Martin in the 4th quarter worth about $42,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LMT. Melius lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Robert W. Baird upgraded Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 target price for the company in a report on Wednesday, April 23rd. Baird R W raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 23rd. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 3rd. Finally, Bank of America lowered Lockheed Martin from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average target price of $541.80.

Lockheed Martin Stock Performance

NYSE:LMT opened at $463.31 on Friday. The firm has a market capitalization of $108.55 billion, a PE ratio of 20.01, a PEG ratio of 1.61 and a beta of 0.28. Lockheed Martin Corporation has a 1 year low of $418.88 and a 1 year high of $618.95. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. The firm’s fifty day simple moving average is $470.60 and its 200 day simple moving average is $465.57.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The business had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. On average, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders 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 annualized dividend and a dividend yield of 2.85%. Lockheed Martin’s dividend payout ratio is 57.02%.

Lockheed Martin Company 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.