US Bancorp DE Has $65.33 Million Stock Holdings in Lockheed Martin Corporation $LMT

US Bancorp DE decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 130,859 shares of the aerospace company’s stock after selling 7,446 shares during the quarter. US Bancorp DE’s holdings in Lockheed Martin were worth $65,327,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LMT. Tableaux LLC boosted its position in Lockheed Martin by 34,231.4% during the 2nd quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock worth $288,589,000 after acquiring an additional 621,300 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Lockheed Martin by 169.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock worth $265,030,000 after purchasing an additional 359,748 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Lockheed Martin by 1.0% in the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock worth $10,048,993,000 after purchasing an additional 214,565 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of Lockheed Martin during the second quarter worth approximately $92,628,000. Finally, Natixis grew its position in Lockheed Martin by 1,478.6% during the second quarter. Natixis now owns 203,859 shares of the aerospace company’s stock valued at $94,415,000 after purchasing an additional 190,945 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LMT has been the subject of a number of research analyst reports. BNP Paribas Exane increased their target price on shares of Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Robert W. Baird upped their price target on shares of Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 16th. Citigroup increased their price objective on Lockheed Martin from $592.00 to $673.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 8th. Finally, TD Cowen raised their price target on Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $612.50.

Lockheed Martin Stock Performance

LMT opened at $641.47 on Friday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. The company has a market cap of $147.59 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 1.17 and a beta of 0.23. The stock has a 50-day moving average of $578.05 and a 200-day moving average of $508.04. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $669.75.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate 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 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. As a group, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, March 2nd. Lockheed Martin’s dividend payout ratio is currently 64.22%.

Lockheed Martin Company 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.