Louisbourg Investments Inc. Increases Position in Lockheed Martin Co. (NYSE:LMT)

Louisbourg Investments Inc. increased its stake in Lockheed Martin Co. (NYSE:LMT) by 44.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 134 shares of the aerospace company’s stock after acquiring an additional 41 shares during the period. Louisbourg Investments Inc.’s holdings in Lockheed Martin were worth $65,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LMT. ORG Wealth Partners LLC purchased a new stake in Lockheed Martin during the third quarter valued at about $54,000. CX Institutional boosted its holdings in shares of Lockheed Martin by 24.9% during the third quarter. CX Institutional now owns 19,185 shares of the aerospace company’s stock worth $11,215,000 after purchasing an additional 3,824 shares during the period. Creative Planning boosted its holdings in shares of Lockheed Martin by 3.1% during the third quarter. Creative Planning now owns 106,301 shares of the aerospace company’s stock worth $62,139,000 after purchasing an additional 3,236 shares during the period. Allen Mooney & Barnes Investment Advisors LLC purchased a new stake in shares of Lockheed Martin during the third quarter worth about $332,000. Finally, Cornell Pochily Investment Advisors Inc. boosted its holdings in shares of Lockheed Martin by 5.5% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 2,965 shares of the aerospace company’s stock worth $1,733,000 after purchasing an additional 155 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $449.69 on Wednesday. The company has a 50 day simple moving average of $482.05 and a two-hundred day simple moving average of $534.93. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. 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 company has a market capitalization of $105.85 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 2.12 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 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%. Analysts expect that Lockheed Martin Co. will post 27.14 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 $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. TD Cowen increased their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Susquehanna decreased their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. Finally, Robert W. Baird increased their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

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.