SMART Wealth LLC Has $250,000 Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

SMART Wealth LLC trimmed its position in Lockheed Martin Co. (NYSE:LMT) by 27.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 515 shares of the aerospace company’s stock after selling 192 shares during the period. SMART Wealth LLC’s holdings in Lockheed Martin were worth $250,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in LMT. Algert Global LLC acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $277,000. Marcum Wealth LLC boosted its stake in Lockheed Martin by 2.3% in the third quarter. Marcum Wealth LLC now owns 1,848 shares of the aerospace company’s stock valued at $1,080,000 after acquiring an additional 41 shares during the last quarter. Wedmont Private Capital raised its position in shares of Lockheed Martin by 10.5% during the 3rd quarter. Wedmont Private Capital now owns 2,893 shares of the aerospace company’s stock valued at $1,752,000 after acquiring an additional 274 shares during the last quarter. Patten Group Inc. lifted its stake in shares of Lockheed Martin by 5.1% in the 3rd quarter. Patten Group Inc. now owns 2,593 shares of the aerospace company’s stock valued at $1,516,000 after purchasing an additional 126 shares during the period. Finally, High Note Wealth LLC boosted its position in shares of Lockheed Martin by 2.5% in the 3rd quarter. High Note Wealth LLC now owns 4,760 shares of the aerospace company’s stock worth $2,783,000 after purchasing an additional 117 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on LMT. Robert W. Baird upped their price objective on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. TD Cowen upped their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Price Performance

Shares of LMT opened at $448.29 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. 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 company has a 50 day moving average of $488.10 and a 200-day moving average of $536.42.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, equities research analysts forecast that Lockheed Martin Co. will post 27.29 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.94%. Lockheed Martin’s 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.