Robeco Institutional Asset Management B.V. Decreases Position in Lockheed Martin Co. (NYSE:LMT)

Robeco Institutional Asset Management B.V. trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,380 shares of the aerospace company’s stock after selling 5,416 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Lockheed Martin were worth $41,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of LMT. R Squared Ltd purchased a new position in shares of Lockheed Martin during the 4th quarter valued at $238,000. Fulton Breakefield Broenniman LLC boosted its position in Lockheed Martin by 6.9% during the fourth quarter. Fulton Breakefield Broenniman LLC now owns 883 shares of the aerospace company’s stock worth $429,000 after purchasing an additional 57 shares during the period. Moody Aldrich Partners LLC increased its stake in shares of Lockheed Martin by 53.1% in the fourth quarter. Moody Aldrich Partners LLC now owns 577 shares of the aerospace company’s stock worth $280,000 after purchasing an additional 200 shares in the last quarter. Mayflower Financial Advisors LLC raised its position in shares of Lockheed Martin by 9.1% in the fourth quarter. Mayflower Financial Advisors LLC now owns 3,670 shares of the aerospace company’s stock valued at $1,783,000 after purchasing an additional 305 shares during the period. Finally, Orca Wealth Management LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at approximately $1,270,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 0.7 %

LMT opened at $454.18 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The business’s fifty day simple moving average is $497.18 and its 200 day simple moving average is $537.55. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The stock has a market cap of $107.66 billion, a PE ratio of 16.44, a P/E/G ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. As a group, research analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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 paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.91%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday. Royal Bank of Canada dropped their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday. Robert W. Baird lifted their target price on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Finally, Susquehanna reduced their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $556.13.

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.