Lockheed Martin Co. (NYSE:LMT) Shares Bought by Plato Investment Management Ltd

Plato Investment Management Ltd grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 65.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,852 shares of the aerospace company’s stock after purchasing an additional 734 shares during the period. Plato Investment Management Ltd’s holdings in Lockheed Martin were worth $1,082,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LMT. Blair William & Co. IL increased its holdings in shares of Lockheed Martin by 8.8% during the first quarter. Blair William & Co. IL now owns 31,819 shares of the aerospace company’s stock valued at $14,474,000 after purchasing an additional 2,563 shares during the period. Intech Investment Management LLC boosted its stake in Lockheed Martin by 27.9% during the first quarter. Intech Investment Management LLC now owns 64,208 shares of the aerospace company’s stock valued at $29,206,000 after buying an additional 14,018 shares in the last quarter. Spirepoint Private Client LLC bought a new position in Lockheed Martin during the first quarter valued at about $6,591,000. TIAA Trust National Association boosted its stake in Lockheed Martin by 3.5% during the first quarter. TIAA Trust National Association now owns 9,811 shares of the aerospace company’s stock valued at $4,463,000 after buying an additional 334 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new position in Lockheed Martin during the first quarter valued at about $2,325,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

LMT opened at $539.04 on Friday. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The firm has a market capitalization of $127.77 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 4.56 and a beta of 0.49. The stock’s 50 day moving average price is $577.75 and its two-hundred day moving average price is $523.80. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same quarter last year, the firm earned $6.77 EPS. Lockheed Martin’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts forecast that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Monday, December 2nd. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.62%.

Analyst Upgrades and Downgrades

LMT has been the subject of several research reports. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their target price on Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Morgan Stanley raised their target price on Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Susquehanna decreased their price target on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. Finally, Robert W. Baird increased their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $611.00.

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.