Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Conning Inc.

Conning Inc. grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 9.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 72,351 shares of the aerospace company’s stock after buying an additional 6,246 shares during the quarter. Conning Inc.’s holdings in Lockheed Martin were worth $35,158,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $26,000. Capital Performance Advisors LLP purchased a new position in Lockheed Martin in the 3rd quarter valued at approximately $40,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin in the 4th quarter valued at approximately $35,000. Legacy Investment Solutions LLC purchased a new position in Lockheed Martin in the 3rd quarter valued at approximately $42,000. Finally, Vestor Capital LLC purchased a new position in Lockheed Martin in the 3rd quarter valued at approximately $46,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LMT. Morgan Stanley dropped their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. TD Cowen raised their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada dropped their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $444.05 on Friday. The company has a market cap of $104.52 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.96 and a beta of 0.48. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The business has a fifty day simple moving average of $486.55 and a 200-day simple moving average of $535.81.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities research analysts forecast that Lockheed Martin Co. will post 27.29 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

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.