RFP Financial Group LLC Cuts Position in Lockheed Martin Co. (NYSE:LMT)

RFP Financial Group LLC reduced its position in shares of Lockheed Martin Co. (NYSE:LMT) by 50.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 470 shares of the aerospace company’s stock after selling 472 shares during the period. RFP Financial Group LLC’s holdings in Lockheed Martin were worth $228,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. LVW Advisors LLC increased its stake in Lockheed Martin by 7.1% during the third quarter. LVW Advisors LLC now owns 1,107 shares of the aerospace company’s stock worth $647,000 after purchasing an additional 73 shares during the period. Red Mountain Financial LLC increased its position in shares of Lockheed Martin by 5.1% during the third quarter. Red Mountain Financial LLC now owns 1,905 shares of the aerospace company’s stock worth $1,114,000 after acquiring an additional 92 shares during the period. Wynn Capital LLC raised its stake in shares of Lockheed Martin by 5.2% in the third quarter. Wynn Capital LLC now owns 2,163 shares of the aerospace company’s stock valued at $1,264,000 after acquiring an additional 106 shares in the last quarter. Meyer Handelman Co. grew its stake in Lockheed Martin by 6.6% during the 3rd quarter. Meyer Handelman Co. now owns 5,349 shares of the aerospace company’s stock worth $3,127,000 after purchasing an additional 330 shares in the last quarter. Finally, Paragon Capital Management Ltd purchased a new stake in Lockheed Martin during the 3rd quarter worth about $220,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

LMT stock opened at $444.05 on Friday. The business has a 50 day simple moving average of $484.84 and a 200-day simple moving average of $535.60. The company has a market capitalization of $104.52 billion, a P/E ratio of 19.95, a PEG ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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%. As a group, equities analysts anticipate that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 2.97%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Barclays lowered their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Truist Financial began coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective on the stock. TD Cowen boosted their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. 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 research note on Thursday, January 2nd. Finally, Morgan Stanley dropped their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. One 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 issued a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus 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.