Putnam Investments LLC increased its position in Lockheed Martin Co. (NYSE:LMT) by 2,478.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,636 shares of the aerospace company’s stock after acquiring an additional 90,004 shares during the quarter. Putnam Investments LLC’s holdings in Lockheed Martin were worth $27,663,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Lockheed Martin by 0.7% in the 2nd quarter. BlackRock Inc. now owns 17,248,707 shares of the aerospace company’s stock worth $5,095,787,000 after acquiring an additional 117,082 shares in the last quarter. Morgan Stanley increased its holdings in Lockheed Martin by 4.4% in the 2nd quarter. Morgan Stanley now owns 3,481,336 shares of the aerospace company’s stock worth $1,028,490,000 after acquiring an additional 147,745 shares in the last quarter. Northern Trust Corp grew its holdings in Lockheed Martin by 0.7% during the 1st quarter. Northern Trust Corp now owns 3,308,122 shares of the aerospace company’s stock valued at $1,117,914,000 after buying an additional 24,273 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Lockheed Martin by 13.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,552,936 shares of the aerospace company’s stock valued at $754,213,000 after buying an additional 292,851 shares in the last quarter. Finally, FMR LLC grew its holdings in Lockheed Martin by 1.4% during the 2nd quarter. FMR LLC now owns 2,337,478 shares of the aerospace company’s stock valued at $690,562,000 after buying an additional 32,879 shares in the last quarter. 77.80% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on LMT shares. Credit Suisse Group cut their price objective on shares of Lockheed Martin from $380.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, May 22nd. ValuEngine lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Tuesday, May 22nd. Zacks Investment Research raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $343.00 price objective for the company in a report on Wednesday, July 11th. Morgan Stanley cut their price objective on shares of Lockheed Martin from $370.00 to $352.00 and set an “overweight” rating for the company in a report on Thursday, July 12th. Finally, Cowen raised shares of Lockheed Martin from a “market perform” rating to an “outperform” rating and set a $370.00 price objective for the company in a report on Wednesday, July 25th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $372.02.

In related news, Chairman Marillyn A. Hewson sold 25,000 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $323.68, for a total value of $8,092,000.00. Following the completion of the sale, the chairman now directly owns 90,625 shares in the company, valued at $29,333,500. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Maryanne Lavan sold 7,250 shares of the firm’s stock in a transaction on Wednesday, July 25th. The stock was sold at an average price of $323.64, for a total value of $2,346,390.00. Following the completion of the sale, the senior vice president now owns 9,869 shares of the company’s stock, valued at $3,194,003.16. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

NYSE LMT opened at $339.34 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.19 and a debt-to-equity ratio of 28.14. The company has a market cap of $95.63 billion, a PE ratio of 25.46, a PEG ratio of 2.65 and a beta of 0.73. Lockheed Martin Co. has a one year low of $291.52 and a one year high of $363.00.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 24th. The aerospace company reported $4.31 EPS for the quarter, beating analysts’ consensus estimates of $3.92 by $0.39. The firm had revenue of $13.40 billion during the quarter, compared to the consensus estimate of $12.72 billion. Lockheed Martin had a return on equity of 944.31% and a net margin of 5.00%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.23 EPS. sell-side analysts expect that Lockheed Martin Co. will post 17.25 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Tuesday, September 4th will be given a dividend of $2.00 per share. The ex-dividend date is Friday, August 31st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.36%. Lockheed Martin’s dividend payout ratio is currently 60.02%.

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.

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

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