Dividend Assets Capital LLC Lowers Holdings in Lockheed Martin Co. (NYSE:LMT)

Dividend Assets Capital LLC lowered its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,262 shares of the aerospace company’s stock after selling 391 shares during the quarter. Dividend Assets Capital LLC’s holdings in Lockheed Martin were worth $3,043,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. Greystone Financial Group LLC grew its holdings in Lockheed Martin by 15.1% during the 4th quarter. Greystone Financial Group LLC now owns 29,025 shares of the aerospace company’s stock valued at $14,104,000 after buying an additional 3,816 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. boosted its position in shares of Lockheed Martin by 0.5% during the fourth quarter. Eubel Brady & Suttman Asset Management Inc. now owns 37,177 shares of the aerospace company’s stock worth $18,066,000 after acquiring an additional 191 shares during the last quarter. Hudson Edge Investment Partners Inc. grew its stake in Lockheed Martin by 17.5% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 13,280 shares of the aerospace company’s stock valued at $6,453,000 after acquiring an additional 1,981 shares in the last quarter. Bank of Stockton increased its holdings in Lockheed Martin by 31.8% in the 4th quarter. Bank of Stockton now owns 838 shares of the aerospace company’s stock valued at $407,000 after acquiring an additional 202 shares during the last quarter. Finally, Transcend Capital Advisors LLC lifted its stake in Lockheed Martin by 6.0% in the 4th quarter. Transcend Capital Advisors LLC now owns 1,719 shares of the aerospace company’s stock worth $835,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research analyst reports. Truist Financial started 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. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and cut their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Susquehanna decreased their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley cut their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Finally, Wells Fargo & Company decreased their price target on shares of 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. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Stock Up 1.1 %

Shares of NYSE LMT opened at $441.20 on Friday. The company has a market cap of $103.86 billion, a P/E ratio of 19.82, a PEG ratio of 2.05 and a beta of 0.48. The firm has a 50-day simple moving average of $469.94 and a two-hundred day simple moving average of $528.97. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. 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 (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. 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 is currently 59.30%.

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.