Thompson Siegel & Walmsley LLC Raises Holdings in Lockheed Martin Co. (NYSE:LMT)

Thompson Siegel & Walmsley LLC lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 16.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,141 shares of the aerospace company’s stock after purchasing an additional 3,614 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Lockheed Martin were worth $12,034,000 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. State Street Corp grew its holdings in shares of Lockheed Martin by 0.5% during the first quarter. State Street Corp now owns 37,972,543 shares of the aerospace company’s stock worth $17,950,761,000 after buying an additional 176,739 shares during the last quarter. FMR LLC grew its stake in shares of Lockheed Martin by 3.4% in the 1st quarter. FMR LLC now owns 7,497,698 shares of the aerospace company’s stock valued at $3,544,387,000 after purchasing an additional 244,251 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Lockheed Martin by 2.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 5,589,021 shares of the aerospace company’s stock valued at $2,548,787,000 after purchasing an additional 109,466 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Lockheed Martin by 3.7% during the first quarter. Ameriprise Financial Inc. now owns 2,419,579 shares of the aerospace company’s stock worth $1,139,469,000 after purchasing an additional 85,913 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its holdings in shares of Lockheed Martin by 81,305.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,907,328 shares of the aerospace company’s stock worth $927,896,000 after purchasing an additional 1,904,985 shares during the period. 74.26% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of LMT stock traded down $0.91 during trading hours on Friday, hitting $444.68. The company’s stock had a trading volume of 898,624 shares, compared to its average volume of 1,323,885. The company has a current ratio of 1.36, a quick ratio of 1.16 and a debt-to-equity ratio of 1.86. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $508.10. The stock has a market cap of $110.33 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.90 and a beta of 0.60. The business has a fifty day moving average of $432.68 and a 200-day moving average of $446.00.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 17th. The aerospace company reported $6.77 EPS for the quarter, beating analysts’ consensus estimates of $6.67 by $0.10. Lockheed Martin had a return on equity of 75.46% and a net margin of 10.29%. The firm had revenue of $16.88 billion for the quarter, compared to analysts’ expectations of $16.73 billion. During the same quarter in the prior year, the firm earned $6.87 EPS. Lockheed Martin’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 27.19 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be issued a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.83%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.00. The ex-dividend date is Thursday, November 30th. Lockheed Martin’s dividend payout ratio is 43.84%.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of analyst reports. Morgan Stanley cut their price objective on shares of Lockheed Martin from $532.00 to $510.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th. Citigroup reduced their price objective on shares of Lockheed Martin from $555.00 to $540.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. Deutsche Bank Aktiengesellschaft began coverage on Lockheed Martin in a research note on Wednesday, September 27th. They set a “hold” rating and a $435.00 target price for the company. JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $495.00 to $481.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 18th. Finally, StockNews.com initiated coverage on Lockheed Martin in a research report on Thursday, October 5th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $484.07.

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, Rotary and Mission Systems, and Space.