Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Catalina Capital Group LLC

Catalina Capital Group LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 5.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,251 shares of the aerospace company’s stock after purchasing an additional 60 shares during the quarter. Catalina Capital Group LLC’s holdings in Lockheed Martin were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Princeton Global Asset Management LLC boosted its position in Lockheed Martin by 0.3% during the 4th quarter. Princeton Global Asset Management LLC now owns 8,337 shares of the aerospace company’s stock valued at $4,051,000 after purchasing an additional 24 shares during the period. HHM Wealth Advisors LLC lifted its stake in Lockheed Martin by 14.5% in the fourth quarter. HHM Wealth Advisors LLC now owns 685 shares of the aerospace company’s stock valued at $333,000 after buying an additional 87 shares during the last quarter. Willis Investment Counsel boosted its holdings in shares of Lockheed Martin by 4.8% during the fourth quarter. Willis Investment Counsel now owns 87,082 shares of the aerospace company’s stock valued at $42,317,000 after acquiring an additional 3,979 shares during the period. CFM Wealth Partners LLC grew its position in shares of Lockheed Martin by 3.1% during the fourth quarter. CFM Wealth Partners LLC now owns 1,011 shares of the aerospace company’s stock worth $491,000 after acquiring an additional 30 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its holdings in shares of Lockheed Martin by 23.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 6,589 shares of the aerospace company’s stock worth $3,202,000 after acquiring an additional 1,235 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $462.53 on Monday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The firm’s 50 day moving average is $492.29 and its 200-day moving average is $536.89. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The stock has a market capitalization of $108.88 billion, a P/E ratio of 20.78, a P/E/G ratio of 2.96 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Equities research analysts anticipate that Lockheed Martin Co. will post 27.29 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. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is 59.30%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LMT. Wells Fargo & Company reduced their target price on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday. 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. Citigroup lowered their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price target for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Finally, Robert W. Baird raised their price target on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $555.60.

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.