Stegent Equity Advisors Inc. Increases Stake in Lockheed Martin Co. (NYSE:LMT)

Stegent Equity Advisors Inc. boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 26.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 599 shares of the aerospace company’s stock after purchasing an additional 124 shares during the quarter. Stegent Equity Advisors Inc.’s holdings in Lockheed Martin were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin during the third quarter valued at about $26,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter valued at about $35,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin during the third quarter valued at about $40,000. Legacy Investment Solutions LLC bought a new stake in Lockheed Martin during the third quarter valued at about $42,000. Finally, Vestor Capital LLC bought a new stake in Lockheed Martin during the third quarter valued at about $46,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on LMT. UBS Group lowered their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Truist Financial began coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target for the company. Susquehanna lowered their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Finally, Morgan Stanley lowered their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average price target of $553.67.

Lockheed Martin Stock Down 1.5 %

Shares of LMT stock opened at $441.56 on Thursday. The stock has a 50 day moving average of $467.23 and a 200 day moving average of $526.63. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The stock has a market cap of $103.94 billion, a P/E ratio of 19.84, a P/E/G ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating 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 expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) 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.