Nvest Financial LLC Boosts Stake in Lockheed Martin Co. (NYSE:LMT)

Nvest Financial LLC lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 43.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,598 shares of the aerospace company’s stock after purchasing an additional 1,085 shares during the quarter. Nvest Financial LLC’s holdings in Lockheed Martin were worth $1,748,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Foster Victor Wealth Advisors LLC raised its stake 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 worth $11,425,000 after buying an additional 4,445 shares during the period. R Squared Ltd purchased a new stake in Lockheed Martin in the 4th quarter worth $238,000. Fulton Breakefield Broenniman LLC raised its position in Lockheed Martin by 6.9% during the fourth quarter. Fulton Breakefield Broenniman LLC now owns 883 shares of the aerospace company’s stock worth $429,000 after acquiring an additional 57 shares during the period. Moody Aldrich Partners LLC lifted its holdings in Lockheed Martin by 53.1% during the fourth quarter. Moody Aldrich Partners LLC now owns 577 shares of the aerospace company’s stock valued at $280,000 after purchasing an additional 200 shares in the last quarter. Finally, Mayflower Financial Advisors LLC grew its position in shares of Lockheed Martin by 9.1% in the fourth quarter. Mayflower Financial Advisors LLC now owns 3,670 shares of the aerospace company’s stock valued at $1,783,000 after purchasing an additional 305 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 9.1 %

LMT opened at $457.89 on Wednesday. The stock has a market capitalization of $108.54 billion, a PE ratio of 16.58, a P/E/G ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The business’s 50 day moving average price is $497.18 and its 200 day moving average price is $537.55.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced 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 2.88%. Lockheed Martin’s dividend payout ratio (DPR) is presently 47.79%.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of research reports. Susquehanna decreased their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. UBS Group lifted their price target on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their price objective on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Finally, Barclays decreased their price target on shares of 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average target price of $577.73.

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.