MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Holdings in Lockheed Martin Corporation $LMT

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 41.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 808,409 shares of the aerospace company’s stock after buying an additional 236,137 shares during the quarter. Lockheed Martin accounts for approximately 0.6% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings, making the stock its 21st largest position. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Lockheed Martin were worth $403,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMT. United Financial Planning Group LLC purchased a new stake in Lockheed Martin during the third quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC boosted its position in Lockheed Martin by 285.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in Lockheed Martin in the third quarter worth about $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at about $29,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $35,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 0.1%

LMT stock opened at $645.16 on Tuesday. The business’s 50-day moving average price is $619.20 and its 200-day moving average price is $527.13. The stock has a market cap of $148.44 billion, a P/E ratio of 30.02, a PEG ratio of 1.16 and a beta of 0.22. The company has a quick ratio of 0.94, a current ratio of 1.09 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 released its earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the prior year, the company posted $7.67 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 2nd will be paid a $3.45 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.1%. Lockheed Martin’s dividend payout ratio is 64.22%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LMT. Morgan Stanley set a $675.00 price objective on shares of Lockheed Martin in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft upped their target price 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. Jefferies Financial Group increased their price target on shares of Lockheed Martin from $540.00 to $630.00 and gave the stock a “hold” rating in a research report on Sunday, February 1st. BNP Paribas Exane lifted their price target on shares of Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $654.00 price objective on shares of Lockheed Martin in a research report on Friday, February 6th. Six analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $618.95.

About Lockheed Martin

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.