Mayflower Financial Advisors LLC Has $1.78 Million Position in Lockheed Martin Co. (NYSE:LMT)

Mayflower Financial Advisors LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 9.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,670 shares of the aerospace company’s stock after purchasing an additional 305 shares during the period. Mayflower Financial Advisors LLC’s holdings in Lockheed Martin were worth $1,783,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin during the third quarter worth about $26,000. Burkett Financial Services LLC bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $32,000. Mattson Financial Services LLC bought a new stake in shares of Lockheed Martin during the second quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LMT shares. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Truist Financial assumed coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective on the stock. TD Cowen raised their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus price target of $577.73.

Lockheed Martin Stock Down 9.1 %

Shares of NYSE:LMT opened at $457.89 on Wednesday. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week 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 firm has a fifty day moving average of $498.68 and a 200 day moving average of $537.59. The firm has a market capitalization of $108.54 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

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

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.88%. Lockheed Martin’s dividend payout ratio (DPR) is currently 47.79%.

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.