D.B. Root & Company LLC Raises Holdings in Lockheed Martin Co. (LMT)

D.B. Root & Company LLC grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,493 shares of the aerospace company’s stock after purchasing an additional 225 shares during the quarter. D.B. Root & Company LLC’s holdings in Lockheed Martin were worth $1,048,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Lockheed Martin by 0.9% during the third quarter. Vanguard Group Inc. now owns 21,266,343 shares of the aerospace company’s stock worth $7,357,305,000 after buying an additional 199,456 shares during the period. Vanguard Group Inc boosted its stake in shares of Lockheed Martin by 0.9% during the third quarter. Vanguard Group Inc now owns 21,266,343 shares of the aerospace company’s stock worth $7,357,305,000 after buying an additional 199,456 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Lockheed Martin by 77,867.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,152,483 shares of the aerospace company’s stock worth $81,000 after buying an additional 21,125,353 shares during the period. BlackRock Inc. boosted its stake in shares of Lockheed Martin by 8.2% during the fourth quarter. BlackRock Inc. now owns 18,811,944 shares of the aerospace company’s stock worth $4,925,719,000 after buying an additional 1,426,889 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Lockheed Martin by 3.0% during the third quarter. Morgan Stanley now owns 3,587,085 shares of the aerospace company’s stock worth $1,240,989,000 after buying an additional 105,749 shares during the period. Institutional investors and hedge funds own 78.31% of the company’s stock.

In other news, Chairman Marillyn A. Hewson sold 59,434 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $306.60, for a total transaction of $18,222,464.40. Following the completion of the sale, the chairman now directly owns 109,531 shares in the company, valued at approximately $33,582,204.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ilene S. Gordon purchased 750 shares of Lockheed Martin stock in a transaction dated Monday, February 25th. The shares were bought at an average price of $306.04 per share, with a total value of $229,530.00. Following the completion of the transaction, the director now owns 750 shares in the company, valued at approximately $229,530. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 85,186 shares of company stock valued at $26,010,927. 0.35% of the stock is owned by insiders.

Shares of NYSE:LMT opened at $310.06 on Wednesday. The company has a debt-to-equity ratio of 8.70, a current ratio of 1.12 and a quick ratio of 0.91. The stock has a market capitalization of $87.23 billion, a P/E ratio of 17.37, a PEG ratio of 2.28 and a beta of 1.01. Lockheed Martin Co. has a 52 week low of $241.18 and a 52 week high of $361.99.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $4.39. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.75 billion. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($2.25) earnings per share. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 19.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were given a $2.20 dividend. The ex-dividend date was Thursday, February 28th. This represents a $8.80 dividend on an annualized basis and a yield of 2.84%. Lockheed Martin’s payout ratio is currently 49.30%.

LMT has been the subject of several recent research reports. Morgan Stanley increased their target price on shares of Lockheed Martin from $300.00 to $324.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 13th. Citigroup decreased their target price on shares of Lockheed Martin from $400.00 to $338.00 and set a “buy” rating for the company in a research note on Monday, January 14th. ValuEngine upgraded shares of Lockheed Martin from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Vertical Research upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $340.00 target price for the company in a research note on Thursday, January 10th. Finally, Robert W. Baird restated a “buy” rating and issued a $326.00 price objective on shares of Lockheed Martin in a research report on Friday, December 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $350.00.

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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

Further Reading: Balance Sheet

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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