FFG Partners LLC Purchases 371 Shares of Lockheed Martin Co. (NYSE:LMT)

FFG Partners LLC raised its position in Lockheed Martin Co. (NYSE:LMT) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,079 shares of the aerospace company’s stock after buying an additional 371 shares during the quarter. Lockheed Martin comprises about 3.2% of FFG Partners LLC’s portfolio, making the stock its 14th largest position. FFG Partners LLC’s holdings in Lockheed Martin were worth $9,271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin during the third quarter valued at approximately $26,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin in the 4th quarter valued at $35,000. Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin during the 3rd quarter worth $40,000. Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter worth $42,000. Finally, Vestor Capital LLC acquired a new stake in Lockheed Martin in the third quarter valued at about $46,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LMT. Truist Financial assumed coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price for the company. Robert W. Baird upped their price target on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Barclays cut their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. TD Cowen lifted their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, UBS Group decreased their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Trading Down 0.4 %

NYSE LMT opened at $448.29 on Friday. The stock has a market capitalization of $105.52 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.96 and a beta of 0.48. The business has a 50 day simple moving average of $488.10 and a 200 day simple moving average of $536.42. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Research analysts expect that Lockheed Martin Co. will post 27.29 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced 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 is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.94%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

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.