IBM Retirement Fund lessened its position in Lockheed Martin Co. (NYSE:LMT) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,236 shares of the aerospace company’s stock after selling 61 shares during the period. IBM Retirement Fund’s holdings in Lockheed Martin were worth $2,276,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors raised its holdings in shares of Lockheed Martin by 18.6% in the fourth quarter. Capital International Investors now owns 2,230,612 shares of the aerospace company’s stock valued at $868,556,000 after buying an additional 350,205 shares during the last quarter. GQG Partners LLC boosted its position in Lockheed Martin by 68.2% during the 4th quarter. GQG Partners LLC now owns 630,783 shares of the aerospace company’s stock worth $245,737,000 after acquiring an additional 255,687 shares during the last quarter. Capital World Investors boosted its position in Lockheed Martin by 1.5% during the 1st quarter. Capital World Investors now owns 17,207,412 shares of the aerospace company’s stock worth $5,832,471,000 after acquiring an additional 252,054 shares during the last quarter. Renaissance Technologies LLC boosted its position in Lockheed Martin by 444.0% during the 4th quarter. Renaissance Technologies LLC now owns 239,300 shares of the aerospace company’s stock worth $93,179,000 after acquiring an additional 195,309 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Lockheed Martin by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 3,607,858 shares of the aerospace company’s stock worth $1,402,397,000 after acquiring an additional 127,006 shares during the last quarter. 82.00% of the stock is currently owned by institutional investors and hedge funds.

NYSE:LMT traded down $3.03 during trading hours on Wednesday, hitting $350.23. The company’s stock had a trading volume of 1,960,966 shares, compared to its average volume of 1,634,947. The stock has a fifty day simple moving average of $378.72 and a 200-day simple moving average of $385.72. The company has a market capitalization of $101.68 billion, a P/E ratio of 16.14, a PEG ratio of 2.18 and a beta of 0.95. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.23 and a quick ratio of 1.00. Lockheed Martin Co. has a twelve month low of $266.11 and a twelve month high of $442.53.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 21st. The aerospace company reported $6.08 EPS for the quarter, beating the consensus estimate of $5.80 by $0.28. The firm had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.07 billion. Lockheed Martin had a return on equity of 185.10% and a net margin of 10.21%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $5.99 earnings per share. On average, equities analysts predict that Lockheed Martin Co. will post 24.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be given a $2.40 dividend. The ex-dividend date is Monday, August 31st. This represents a $9.60 annualized dividend and a yield of 2.74%. Lockheed Martin’s dividend payout ratio is presently 43.74%.

A number of equities research analysts recently weighed in on LMT shares. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $360.00 price target on the stock in a research note on Wednesday, March 25th. Credit Suisse Group decreased their price objective on Lockheed Martin from $435.00 to $433.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. UBS Group decreased their price objective on Lockheed Martin from $482.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, June 11th. Seaport Global Securities started coverage on Lockheed Martin in a report on Tuesday, May 19th. They issued a “buy” rating and a $435.00 price objective on the stock. Finally, Royal Bank of Canada started coverage on Lockheed Martin in a report on Wednesday, May 20th. They issued a “sector perform” rating and a $410.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Lockheed Martin currently has an average rating of “Buy” and a consensus price target of $439.31.

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 (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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