Lockheed Martin Corporation $LMT is Liberty One Investment Management LLC’s 9th Largest Position

Liberty One Investment Management LLC raised its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,943 shares of the aerospace company’s stock after purchasing an additional 2,386 shares during the period. Lockheed Martin accounts for about 3.0% of Liberty One Investment Management LLC’s investment portfolio, making the stock its 9th largest position. Liberty One Investment Management LLC’s holdings in Lockheed Martin were worth $30,078,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LMT. Charles Schwab Investment Management Inc. raised its stake in shares of Lockheed Martin by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock worth $3,587,444,000 after purchasing an additional 560,457 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Lockheed Martin during the 1st quarter worth about $221,790,000. AQR Capital Management LLC raised its stake in shares of Lockheed Martin by 76.7% during the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock worth $361,045,000 after purchasing an additional 350,796 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Lockheed Martin by 17,506.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock valued at $135,985,000 after acquiring an additional 302,684 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Lockheed Martin by 59.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company’s stock valued at $333,859,000 after acquiring an additional 278,121 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

LMT opened at $505.20 on Tuesday. The firm has a market capitalization of $117.94 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 1.74 and a beta of 0.28. The stock’s 50 day moving average price is $473.51 and its two-hundred day moving average price is $465.36. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $7.11 EPS. On average, equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be issued a $3.45 dividend. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. Lockheed Martin’s payout ratio is 74.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LMT. Vertical Research reissued a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Sanford C. Bernstein increased their price objective on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a report on Monday. TD Cowen reissued a “hold” rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Truist Financial increased their price objective on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $515.35.

Lockheed Martin Company 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.