Columbus Macro LLC Acquires 9,709 Shares of Lockheed Martin Co. (NYSE:LMT)

Columbus Macro LLC increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 493.8% in the 4th quarter, Holdings Channel reports. The fund owned 11,675 shares of the aerospace company’s stock after buying an additional 9,709 shares during the quarter. Columbus Macro LLC’s holdings in Lockheed Martin were worth $5,673,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LMT. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin during the 3rd quarter worth $26,000. Burkett Financial Services LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at approximately $32,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $35,000. Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin in the 3rd quarter valued at $40,000. Finally, Legacy Investment Solutions LLC bought a new position in Lockheed Martin during the third quarter valued at about $42,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 1.5 %

Shares of NYSE:LMT opened at $455.85 on Tuesday. The firm has a market capitalization of $107.30 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.96 and a beta of 0.48. The firm’s 50-day moving average is $492.29 and its two-hundred day moving average is $537.32. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share 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%. Analysts predict 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 given 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 currently 59.30%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada lowered their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company reduced their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Citigroup dropped their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Finally, Barclays reduced their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $555.60.

About Lockheed Martin

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.