LRT Capital Management LLC Makes New $2.55 Million Investment in Lockheed Martin Corporation $LMT

LRT Capital Management LLC bought a new position in Lockheed Martin Corporation (NYSE:LMT) during the third quarter, Holdings Channel.com reports. The firm bought 5,115 shares of the aerospace company’s stock, valued at approximately $2,553,000. Lockheed Martin makes up about 1.7% of LRT Capital Management LLC’s portfolio, making the stock its 27th biggest holding.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Lockheed Martin by 1.0% during the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock worth $10,048,993,000 after acquiring an additional 214,565 shares during the period. Wellington Management Group LLP grew its stake in Lockheed Martin by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock valued at $1,190,493,000 after purchasing an additional 79,491 shares during the period. Invesco Ltd. grew its stake in Lockheed Martin by 4.2% in the 3rd quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock valued at $1,096,294,000 after purchasing an additional 87,663 shares during the period. Legal & General Group Plc increased its position in shares of Lockheed Martin by 6.6% during the 3rd quarter. Legal & General Group Plc now owns 1,022,940 shares of the aerospace company’s stock valued at $510,662,000 after purchasing an additional 63,430 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Lockheed Martin by 6.9% during the 2nd quarter. AQR Capital Management LLC now owns 863,839 shares of the aerospace company’s stock valued at $400,079,000 after purchasing an additional 55,607 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Down 0.1%

Shares of LMT opened at $645.16 on Tuesday. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The business has a 50-day moving average of $619.20 and a 200 day moving average of $527.13. The firm has a market cap of $148.44 billion, a P/E ratio of 30.02, a price-to-earnings-growth ratio of 1.16 and a beta of 0.22. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09.

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

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors 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 dividend payout ratio (DPR) is 64.22%.

Analysts Set New Price Targets

LMT has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price target on shares of Lockheed Martin from $540.00 to $630.00 and gave the stock a “hold” rating in a report on Sunday, February 1st. Citigroup lifted their price objective on shares of Lockheed Martin from $592.00 to $673.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Argus boosted their target price on shares of Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a research note on Friday, March 6th. JPMorgan Chase & Co. increased their target price on shares of Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Finally, The Goldman Sachs Group raised their price target 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 research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $618.95.

Lockheed Martin Profile

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.