ClariVest Asset Management LLC Has $132,000 Stake in Lockheed Martin Co. (LMT)

ClariVest Asset Management LLC raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 501 shares of the aerospace company’s stock after acquiring an additional 44 shares during the quarter. ClariVest Asset Management LLC’s holdings in Lockheed Martin were worth $132,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Lockheed Martin by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 21,266,343 shares of the aerospace company’s stock worth $7,357,305,000 after acquiring an additional 199,456 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Lockheed Martin by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 21,266,343 shares of the aerospace company’s stock worth $7,357,305,000 after acquiring an additional 199,456 shares in the last quarter. BlackRock Inc. boosted its position in shares of Lockheed Martin by 0.8% during the 3rd quarter. BlackRock Inc. now owns 17,385,055 shares of the aerospace company’s stock worth $6,014,535,000 after acquiring an additional 136,348 shares in the last quarter. Morgan Stanley boosted its position in shares of Lockheed Martin by 3.0% during the 3rd quarter. Morgan Stanley now owns 3,587,085 shares of the aerospace company’s stock worth $1,240,989,000 after acquiring an additional 105,749 shares in the last quarter. Finally, Capital International Investors boosted its position in shares of Lockheed Martin by 47.7% in the 3rd quarter. Capital International Investors now owns 3,465,642 shares of the aerospace company’s stock valued at $1,198,974,000 after purchasing an additional 1,119,631 shares during the period. 78.88% of the stock is owned by institutional investors and hedge funds.

LMT opened at $307.20 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 8.70. The company has a market cap of $86.23 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 2.28 and a beta of 1.02. Lockheed Martin Co. has a 52 week low of $241.18 and a 52 week high of $362.98.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $4.39. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.75 billion. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($2.25) EPS. On average, equities research analysts expect that Lockheed Martin Co. will post 19.4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be paid a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, February 28th. Lockheed Martin’s dividend payout ratio is presently 49.30%.

A number of brokerages recently issued reports on LMT. Zacks Investment Research cut Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 14th. ValuEngine cut Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Wednesday. Jefferies Financial Group reissued a “hold” rating and issued a $313.00 target price on shares of Lockheed Martin in a research report on Tuesday, February 5th. Bank of America reissued a “buy” rating and issued a $390.00 target price on shares of Lockheed Martin in a research report on Wednesday, January 30th. Finally, Credit Suisse Group decreased their target price on Lockheed Martin from $368.00 to $357.00 and set a “neutral” rating for the company in a research report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $350.00.

In other Lockheed Martin news, EVP Richard F. Ambrose sold 6,647 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $301.34, for a total transaction of $2,003,006.98. Following the completion of the sale, the executive vice president now directly owns 4,218 shares of the company’s stock, valued at approximately $1,271,052.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michele A. Evans sold 7,690 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $298.78, for a total value of $2,297,618.20. Following the sale, the insider now directly owns 7,690 shares of the company’s stock, valued at $2,297,618.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,337 shares of company stock valued at $5,518,865. 0.35% of the stock is owned by company insiders.

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Lockheed Martin 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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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