Lockheed Martin Co. (NYSE:LMT) Position Boosted by Robbins Farley

Robbins Farley grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,025 shares of the aerospace company’s stock after purchasing an additional 200 shares during the period. Robbins Farley’s holdings in Lockheed Martin were worth $2,442,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LMT. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin in the 3rd quarter valued at approximately $26,000. Burkett Financial Services LLC acquired a new position in shares of Lockheed Martin in the third quarter worth $32,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter worth $35,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin during the third quarter valued at $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the third quarter valued at $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $455.85 on Tuesday. Lockheed Martin Co. has a one year low of $413.92 and a one year 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. The business has a fifty day simple moving average of $492.29 and a 200 day simple moving average of $537.32. The firm has a market capitalization of $107.30 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 2.96 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) 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%. Sell-side analysts expect that Lockheed Martin Co. will post 27.29 EPS for the current year.

Lockheed Martin Dividend Announcement

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 issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Robert W. Baird raised their price target on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Morgan Stanley cut 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, January 29th. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft cut 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 report on Thursday, January 2nd. 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $555.60.

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.