Paulson Wealth Management Inc. boosted its position in Lockheed Martin Co. (NYSE:LMT) by 6.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,035 shares of the aerospace company’s stock after purchasing an additional 66 shares during the quarter. Paulson Wealth Management Inc.’s holdings in Lockheed Martin were worth $311,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc lifted its stake in shares of Lockheed Martin by 0.9% in the third quarter. Vanguard Group Inc now owns 21,266,343 shares of the aerospace company’s stock worth $7,357,305,000 after buying an additional 199,456 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Lockheed Martin by 77,867.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,152,483 shares of the aerospace company’s stock worth $81,000 after buying an additional 21,125,353 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Lockheed Martin by 8.2% in the fourth quarter. BlackRock Inc. now owns 18,811,944 shares of the aerospace company’s stock worth $4,925,719,000 after buying an additional 1,426,889 shares during the last quarter. Morgan Stanley lifted its stake in shares of Lockheed Martin by 3.0% in the third quarter. Morgan Stanley now owns 3,587,085 shares of the aerospace company’s stock worth $1,240,989,000 after buying an additional 105,749 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Lockheed Martin by 25.3% in the fourth quarter. Geode Capital Management LLC now owns 3,422,800 shares of the aerospace company’s stock worth $894,874,000 after buying an additional 691,751 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.
In other news, insider John Frank A. St sold 1,900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $305.42, for a total transaction of $580,298.00. Following the completion of the transaction, the insider now directly owns 551 shares of the company’s stock, valued at approximately $168,286.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David B. Burritt sold 2,100 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $330.21, for a total transaction of $693,441.00. Following the completion of the transaction, the director now directly owns 6,030 shares of the company’s stock, valued at $1,991,166.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,949 shares of company stock valued at $21,185,503. 0.35% of the stock is owned by company insiders.
Lockheed Martin stock traded down $2.65 during trading hours on Wednesday, reaching $341.30. 1,023,081 shares of the company’s stock traded hands, compared to its average volume of 1,230,707. The company has a market cap of $95.50 billion, a PE ratio of 19.12, a PEG ratio of 2.34 and a beta of 1.04. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 5.00. Lockheed Martin Co. has a fifty-two week low of $241.18 and a fifty-two week high of $351.35.
Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $5.99 earnings per share for the quarter, beating analysts’ consensus estimates of $4.29 by $1.70. The business had revenue of $14.34 billion for the quarter, compared to the consensus estimate of $12.48 billion. Lockheed Martin had a net margin of 9.91% and a return on equity of 415.92%. Lockheed Martin’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period last year, the company posted $4.02 EPS. Research analysts forecast that Lockheed Martin Co. will post 20.53 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a dividend of $2.20 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $8.80 dividend on an annualized basis and a yield of 2.58%. Lockheed Martin’s payout ratio is 49.30%.
Several equities analysts recently commented on the stock. ValuEngine raised shares of Lockheed Martin from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Bank of America reissued a “buy” rating and issued a $390.00 price target on shares of Lockheed Martin in a report on Wednesday, January 30th. Morgan Stanley upped their target price on shares of Lockheed Martin from $300.00 to $324.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 13th. Credit Suisse Group reaffirmed a “hold” rating and issued a $297.00 target price on shares of Lockheed Martin in a report on Wednesday, January 23rd. Finally, UBS Group upped their target price on shares of Lockheed Martin from $365.00 to $385.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Lockheed Martin has a consensus rating of “Buy” and an average price target of $355.13.
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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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