ING Groep NV Has $11.95 Million Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

ING Groep NV cut its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,750 shares of the aerospace company’s stock after selling 194 shares during the period. ING Groep NV’s holdings in Lockheed Martin were worth $11,949,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company’s stock valued at $889,593,000 after buying an additional 1,986,600 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Lockheed Martin in the 4th quarter valued at about $526,587,000. Leigh Baldwin & CO. LLC acquired a new position in Lockheed Martin in the 4th quarter valued at about $451,985,000. Capital Research Global Investors acquired a new position in Lockheed Martin in the 4th quarter valued at about $229,987,000. Finally, Demars Financial Group LLC grew its stake in Lockheed Martin by 47,002.5% in the 4th quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company’s stock valued at $210,579,000 after buying an additional 432,423 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.7%

LMT opened at $423.90 on Tuesday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The company has a fifty day moving average of $459.77 and a 200-day moving average of $460.03. The stock has a market cap of $98.96 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 1.48 and a beta of 0.27.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same period in the prior year, the company posted $7.11 earnings per share. Lockheed Martin’s revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 3.1%. Lockheed Martin’s dividend payout ratio is 74.32%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LMT shares. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Cowen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Truist Financial lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Finally, Vertical Research reissued a “hold” rating and issued a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Fifteen analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $506.65.

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