Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 47.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,742 shares of the aerospace company’s stock after buying an additional 7,000 shares during the quarter. Pacer Advisors Inc.’s holdings in Lockheed Martin were worth $9,854,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of LMT. Bank Julius Baer & Co. Ltd Zurich grew its stake in Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 27 shares during the period. CGC Financial Services LLC purchased a new stake in shares of Lockheed Martin in the second quarter valued at $31,000. Coppell Advisory Solutions Corp. acquired a new position in Lockheed Martin in the fourth quarter valued at $31,000. Milestone Investment Advisors LLC purchased a new position in Lockheed Martin during the third quarter worth about $33,000. Finally, Providence Capital Advisors LLC acquired a new stake in Lockheed Martin in the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $456.93 on Thursday. The company’s fifty day moving average price is $433.46 and its two-hundred day moving average price is $438.35. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The firm has a market capitalization of $109.89 billion, a P/E ratio of 16.59, a P/E/G ratio of 4.08 and a beta of 0.48. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $508.10.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, beating analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $17.96 billion. During the same quarter in the prior year, the business posted $7.79 earnings per share. Lockheed Martin’s revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts anticipate that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be paid a $3.15 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.76%. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.74%.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock valued at $7,249,946 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LMT shares. Susquehanna dropped their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Morgan Stanley cut their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. UBS Group dropped their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Citigroup reduced their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Finally, Royal Bank of Canada dropped their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $491.92.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.