Lockheed Martin Co. (NYSE:LMT) is Spectrum Financial Alliance Ltd LLC’s 5th Largest Position

Spectrum Financial Alliance Ltd LLC lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,500 shares of the aerospace company’s stock after acquiring an additional 1,679 shares during the quarter. Lockheed Martin accounts for approximately 12.6% of Spectrum Financial Alliance Ltd LLC’s investment portfolio, making the stock its 5th biggest holding. Spectrum Financial Alliance Ltd LLC’s holdings in Lockheed Martin were worth $36,202,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin in the third quarter valued at approximately $26,000. Capital Performance Advisors LLP purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $40,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin in the 4th quarter valued at $35,000. Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth $42,000. Finally, Vestor Capital LLC acquired a new position in Lockheed Martin during the third quarter worth $46,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research reports. StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and cut their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Truist Financial initiated coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. Barclays lowered their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Finally, Citigroup decreased their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. One equities research 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 stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Stock Up 1.1 %

LMT stock opened at $441.20 on Friday. The firm has a market cap of $103.86 billion, a PE ratio of 19.82, a PEG ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a one year low of $419.70 and a one year 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’s 50 day moving average price is $469.94 and its 200-day moving average price is $528.89.

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 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%. On average, equities research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.99%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is 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.