Tufton Capital Management Trims Position in Lockheed Martin Co. (NYSE:LMT)

Tufton Capital Management lessened its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,782 shares of the aerospace company’s stock after selling 34 shares during the period. Lockheed Martin accounts for approximately 1.8% of Tufton Capital Management’s portfolio, making the stock its 19th biggest position. Tufton Capital Management’s holdings in Lockheed Martin were worth $9,613,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Fortress Financial Group LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth about $205,000. Altrius Capital Management Inc grew its position in Lockheed Martin by 0.6% in the 4th quarter. Altrius Capital Management Inc now owns 8,882 shares of the aerospace company’s stock valued at $4,316,000 after acquiring an additional 52 shares in the last quarter. Verus Capital Partners LLC grew its position in shares of Lockheed Martin by 3.7% during the fourth quarter. Verus Capital Partners LLC now owns 2,394 shares of the aerospace company’s stock worth $1,163,000 after buying an additional 86 shares in the last quarter. Fort Sheridan Advisors LLC grew its position in shares of Lockheed Martin by 6.3% during the fourth quarter. Fort Sheridan Advisors LLC now owns 5,851 shares of the aerospace company’s stock worth $2,843,000 after buying an additional 347 shares in the last quarter. Finally, Prosperitas Financial LLC grew its position in shares of Lockheed Martin by 9.6% during the fourth quarter. Prosperitas Financial LLC now owns 5,497 shares of the aerospace company’s stock worth $2,671,000 after buying an additional 482 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.1 %

Lockheed Martin stock opened at $446.38 on Friday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The firm has a market capitalization of $105.07 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95. The stock’s fifty day moving average is $466.57 and its two-hundred day moving average is $526.08.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 return on equity of 101.47% and a net margin of 7.51%. Analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.96%. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LMT shares. Barclays reduced their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. UBS Group reduced their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company reduced their price objective on Lockheed Martin from $497.00 to $468.00 and set an “equal weight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, Morgan Stanley reduced their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $553.67.

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.