Lockheed Martin Co. (NYSE:LMT) Stake Boosted by Cypress Capital LLC

Cypress Capital LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,196 shares of the aerospace company’s stock after purchasing an additional 32 shares during the quarter. Lockheed Martin makes up 0.7% of Cypress Capital LLC’s investment portfolio, making the stock its 26th largest holding. Cypress Capital LLC’s holdings in Lockheed Martin were worth $2,525,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LMT. McAdam LLC increased its stake in Lockheed Martin by 101.7% in the 3rd quarter. McAdam LLC now owns 1,178 shares of the aerospace company’s stock worth $689,000 after purchasing an additional 594 shares in the last quarter. YHB Investment Advisors Inc. boosted its position in Lockheed Martin by 28.0% during the 3rd quarter. YHB Investment Advisors Inc. now owns 685 shares of the aerospace company’s stock worth $400,000 after acquiring an additional 150 shares during the period. Romano Brothers AND Company boosted its position in Lockheed Martin by 6.6% during the 3rd quarter. Romano Brothers AND Company now owns 595 shares of the aerospace company’s stock worth $348,000 after acquiring an additional 37 shares during the period. DT Investment Partners LLC boosted its position in Lockheed Martin by 2.5% during the 3rd quarter. DT Investment Partners LLC now owns 968 shares of the aerospace company’s stock worth $566,000 after acquiring an additional 24 shares during the period. Finally, Investment Research & Advisory Group Inc. boosted its position in Lockheed Martin by 2.2% during the 3rd quarter. Investment Research & Advisory Group Inc. now owns 5,146 shares of the aerospace company’s stock worth $3,008,000 after acquiring an additional 113 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.1 %

LMT opened at $441.20 on Friday. The business has a 50 day moving average price of $469.94 and a 200 day moving average price of $528.97. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month 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 firm has a market cap of $103.86 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share 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%. Research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Truist Financial assumed coverage on Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective for the company. Morgan Stanley decreased their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Wells Fargo & Company decreased their price objective on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Finally, UBS Group reduced 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. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $555.60.

About Lockheed Martin

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.