Navellier & Associates Inc. Acquires 340 Shares of Lockheed Martin Co. (NYSE:LMT)

Navellier & Associates Inc. boosted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,316 shares of the aerospace company’s stock after acquiring an additional 340 shares during the period. Navellier & Associates Inc.’s holdings in Lockheed Martin were worth $3,069,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. McAdam LLC increased its stake in Lockheed Martin by 101.7% during the third quarter. McAdam LLC now owns 1,178 shares of the aerospace company’s stock valued at $689,000 after acquiring an additional 594 shares during the period. YHB Investment Advisors Inc. increased its stake in Lockheed Martin by 28.0% during the third quarter. YHB Investment Advisors Inc. now owns 685 shares of the aerospace company’s stock valued at $400,000 after acquiring an additional 150 shares during the period. Romano Brothers AND Company increased its stake in Lockheed Martin by 6.6% during the third quarter. Romano Brothers AND Company now owns 595 shares of the aerospace company’s stock valued at $348,000 after acquiring an additional 37 shares during the period. DT Investment Partners LLC increased its stake in Lockheed Martin by 2.5% during the third quarter. DT Investment Partners LLC now owns 968 shares of the aerospace company’s stock valued at $566,000 after acquiring an additional 24 shares during the period. Finally, Investment Research & Advisory Group Inc. increased its stake in Lockheed Martin by 2.2% during the third quarter. Investment Research & Advisory Group Inc. now owns 5,146 shares of the aerospace company’s stock valued at $3,008,000 after acquiring an additional 113 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 1.1 %

Shares of LMT opened at $441.20 on Friday. The company has a market capitalization of $103.86 billion, a P/E ratio of 19.82, a PEG ratio of 2.05 and a beta of 0.48. 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 $419.70 and a one year high of $618.95. The business’s 50 day simple moving average is $469.94 and its 200-day simple moving average is $528.97.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, sell-side analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.99%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is 59.30%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LMT. Morgan Stanley lowered their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Royal Bank of Canada lowered their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Wells Fargo & Company lowered their price objective on 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. Finally, UBS Group lowered their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $555.60.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.