76,249 Shares in Lockheed Martin Corporation $LMT Purchased by Jain Global LLC

Jain Global LLC acquired a new position in Lockheed Martin Corporation (NYSE:LMT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 76,249 shares of the aerospace company’s stock, valued at approximately $38,064,000.

Several other large investors have also bought and sold shares of LMT. Tableaux LLC raised its position in shares of Lockheed Martin by 34,231.4% in the 2nd quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock worth $288,589,000 after acquiring an additional 621,300 shares in the last quarter. Sanders Capital LLC bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $252,699,000. First Trust Advisors LP boosted its position in shares of Lockheed Martin by 286.1% during the third quarter. First Trust Advisors LP now owns 503,428 shares of the aerospace company’s stock valued at $251,316,000 after purchasing an additional 373,027 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Lockheed Martin by 169.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock worth $265,030,000 after purchasing an additional 359,748 shares during the period. Finally, Vanguard Group Inc. grew its stake in Lockheed Martin by 1.0% in the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock worth $10,048,993,000 after purchasing an additional 214,565 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Down 1.0%

NYSE LMT opened at $646.24 on Monday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. The stock has a market cap of $148.69 billion, a P/E ratio of 30.07, a P/E/G ratio of 1.16 and a beta of 0.22. The stock’s fifty day moving average price is $616.53 and its 200-day moving average price is $525.80. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.53). The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. Lockheed Martin’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.67 earnings per share. As a group, equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be issued a $3.45 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $13.80 annualized dividend and a yield of 2.1%. Lockheed Martin’s payout ratio is 64.22%.

Analyst Ratings Changes

LMT has been the subject of several recent research reports. DZ Bank lowered Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price objective for the company. in a research report on Tuesday, February 3rd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $654.00 target price on shares of Lockheed Martin in a research report on Friday, February 6th. Jefferies Financial Group increased their price target on shares of Lockheed Martin from $540.00 to $630.00 and gave the stock a “hold” rating in a research note on Sunday, February 1st. TD Cowen lifted their price target on shares of Lockheed Martin from $600.00 to $670.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Finally, The Goldman Sachs Group boosted their price objective on shares of Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research note on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus price target of $618.95.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.