Alliancebernstein L.P. Grows Holdings in Lockheed Martin Co. (NYSE:LMT)

Alliancebernstein L.P. increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 484,527 shares of the aerospace company’s stock after buying an additional 18,344 shares during the period. Alliancebernstein L.P. owned about 0.17% of Lockheed Martin worth $188,665,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LMT. Johanson Financial Advisors Inc. increased its position in shares of Lockheed Martin by 39,049.2% in the 4th quarter. Johanson Financial Advisors Inc. now owns 1,390,972 shares of the aerospace company’s stock worth $3,574,000 after purchasing an additional 1,387,419 shares during the last quarter. GQG Partners LLC increased its position in shares of Lockheed Martin by 68.2% in the 4th quarter. GQG Partners LLC now owns 630,783 shares of the aerospace company’s stock worth $245,737,000 after purchasing an additional 255,687 shares during the last quarter. First Trust Advisors LP increased its position in shares of Lockheed Martin by 144.8% in the 4th quarter. First Trust Advisors LP now owns 380,732 shares of the aerospace company’s stock worth $148,249,000 after purchasing an additional 225,225 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Lockheed Martin by 444.0% in the 4th quarter. Renaissance Technologies LLC now owns 239,300 shares of the aerospace company’s stock worth $93,179,000 after purchasing an additional 195,309 shares during the last quarter. Finally, NorthRock Partners LLC increased its position in shares of Lockheed Martin by 9,334.9% in the 4th quarter. NorthRock Partners LLC now owns 149,260 shares of the aerospace company’s stock worth $709,000 after purchasing an additional 147,678 shares during the last quarter. 79.93% of the stock is currently owned by hedge funds and other institutional investors.

NYSE LMT opened at $319.67 on Thursday. Lockheed Martin Co. has a one year low of $266.11 and a one year high of $442.53. The company has a 50-day simple moving average of $383.58 and a 200-day simple moving average of $390.90. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.96 and a current ratio of 1.22. The firm has a market capitalization of $77.98 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.67 and a beta of 1.00.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $5.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.03 by $0.26. Lockheed Martin had a net margin of 10.42% and a return on equity of 198.95%. The business had revenue of $15.88 billion during the quarter, compared to analyst estimates of $15.28 billion. During the same period in the previous year, the business posted $4.39 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Equities analysts forecast that Lockheed Martin Co. will post 24.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be paid a dividend of $2.40 per share. This represents a $9.60 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Friday, February 28th. Lockheed Martin’s payout ratio is 43.74%.

Several equities research analysts have recently weighed in on LMT shares. UBS Group boosted their target price on shares of Lockheed Martin from $440.00 to $470.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Morgan Stanley dropped their target price on shares of Lockheed Martin from $440.00 to $385.00 and set an “equal weight” rating for the company in a research report on Tuesday. Alembic Global Advisors downgraded shares of Lockheed Martin from an “overweight” rating to a “neutral” rating and set a $489.00 target price for the company. in a research report on Wednesday, January 29th. Stifel Nicolaus boosted their target price on shares of Lockheed Martin from $405.00 to $480.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Argus boosted their target price on shares of Lockheed Martin to and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $433.88.

In other Lockheed Martin news, EVP John Frank A. St sold 556 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $438.60, for a total transaction of $243,861.60. Following the completion of the transaction, the executive vice president now directly owns 1,401 shares of the company’s stock, valued at approximately $614,478.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marillyn A. Hewson sold 22,000 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $436.12, for a total transaction of $9,594,640.00. Following the transaction, the chief executive officer now directly owns 55,554 shares of the company’s stock, valued at $24,228,210.48. The disclosure for this sale can be found here. Insiders have sold a total of 39,793 shares of company stock valued at $17,313,473 over the last three months. 0.17% of the stock is currently owned by company insiders.

About Lockheed Martin

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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