Foster & Motley Inc. Buys 614 Shares of Lockheed Martin Co. (NYSE:LMT)

Foster & Motley Inc. increased its stake in Lockheed Martin Co. (NYSE:LMT) by 5.7% during the fourth quarter, Holdings Channel reports. The firm owned 11,331 shares of the aerospace company’s stock after acquiring an additional 614 shares during the period. Foster & Motley Inc.’s holdings in Lockheed Martin were worth $5,506,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Blueprint LLC grew its position in Lockheed Martin by 1.6% in the fourth quarter. Strategic Blueprint LLC now owns 2,742 shares of the aerospace company’s stock valued at $1,333,000 after acquiring an additional 44 shares during the last quarter. Masso Torrence Wealth Management Inc. boosted its position in Lockheed Martin by 4.8% in the fourth quarter. Masso Torrence Wealth Management Inc. now owns 1,231 shares of the aerospace company’s stock valued at $598,000 after buying an additional 56 shares in the last quarter. McKinley Carter Wealth Services Inc. increased its holdings in shares of Lockheed Martin by 0.9% during the fourth quarter. McKinley Carter Wealth Services Inc. now owns 6,652 shares of the aerospace company’s stock worth $3,232,000 after buying an additional 57 shares in the last quarter. Nvest Financial LLC lifted its stake in shares of Lockheed Martin by 43.2% in the 4th quarter. Nvest Financial LLC now owns 3,598 shares of the aerospace company’s stock valued at $1,748,000 after acquiring an additional 1,085 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its holdings in shares of Lockheed Martin by 23.6% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 23,300 shares of the aerospace company’s stock valued at $11,425,000 after acquiring an additional 4,445 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

LMT has been the subject of a number of recent research reports. Citigroup decreased their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Morgan Stanley decreased 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 research report on Wednesday. Robert W. Baird boosted their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Royal Bank of Canada reduced their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Truist Financial assumed coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $556.13.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $454.18 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The business’s 50 day simple moving average is $497.18 and its 200 day simple moving average is $537.55. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The company has a market cap of $107.66 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data 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 9.36% and a return on equity of 101.44%. Sell-side analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 dividend on an annualized basis and a dividend yield of 2.91%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

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.