Financial Planning Hawaii Inc. Buys New Shares in Lockheed Martin Corporation $LMT

Financial Planning Hawaii Inc. purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the fourth quarter, HoldingsChannel reports. The fund purchased 4,091 shares of the aerospace company’s stock, valued at approximately $1,979,000. Lockheed Martin comprises 1.1% of Financial Planning Hawaii Inc.’s portfolio, making the stock its 22nd biggest holding.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Lockheed Martin by 3.4% during the third quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock worth $1,190,493,000 after purchasing an additional 79,491 shares during the period. Invesco Ltd. increased its holdings in Lockheed Martin by 4.2% in the 3rd quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock worth $1,096,294,000 after buying an additional 87,663 shares during the period. Legal & General Group Plc increased its holdings in Lockheed Martin by 6.6% in the 3rd quarter. Legal & General Group Plc now owns 1,022,940 shares of the aerospace company’s stock worth $510,662,000 after buying an additional 63,430 shares during the period. AQR Capital Management LLC raised its position in Lockheed Martin by 6.9% during the 2nd quarter. AQR Capital Management LLC now owns 863,839 shares of the aerospace company’s stock worth $400,079,000 after buying an additional 55,607 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Lockheed Martin by 41.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,409 shares of the aerospace company’s stock worth $403,534,000 after buying an additional 236,137 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on LMT shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a report on Friday, January 30th. Susquehanna upped their price target on shares of Lockheed Martin from $725.00 to $740.00 and gave the company a “positive” rating in a report on Wednesday, March 18th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $654.00 price target on shares of Lockheed Martin in a research report on Friday, February 6th. Morgan Stanley set a $675.00 price objective on Lockheed Martin in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada upped their target price on Lockheed Martin from $615.00 to $650.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. Seven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $623.16.

Lockheed Martin Stock Performance

NYSE LMT opened at $596.97 on Tuesday. The stock has a market capitalization of $137.58 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.11 and a beta of 0.22. The stock has a 50-day moving average of $633.74 and a 200 day moving average of $538.74. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.53). The business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.84 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $7.67 earnings per share. Sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 2nd were paid a dividend of $3.45 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. Lockheed Martin’s payout ratio is currently 64.22%.

Lockheed Martin Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.