Burns Matteson Capital Management LLC Buys Shares of 578 Lockheed Martin Co. (NYSE:LMT)

Burns Matteson Capital Management LLC purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 578 shares of the aerospace company’s stock, valued at approximately $281,000.

Other large investors have also modified their holdings of the company. MFA Wealth Advisors LLC increased its stake in shares of Lockheed Martin by 9.4% in the fourth quarter. MFA Wealth Advisors LLC now owns 4,177 shares of the aerospace company’s stock valued at $2,030,000 after purchasing an additional 359 shares during the period. Angeles Wealth Management LLC raised its stake in Lockheed Martin by 35.8% during the 4th quarter. Angeles Wealth Management LLC now owns 1,676 shares of the aerospace company’s stock valued at $814,000 after acquiring an additional 442 shares in the last quarter. OMC Financial Services LTD boosted its position in Lockheed Martin by 6.4% during the 4th quarter. OMC Financial Services LTD now owns 6,445 shares of the aerospace company’s stock worth $3,132,000 after acquiring an additional 385 shares during the period. Kestra Private Wealth Services LLC grew its stake in shares of Lockheed Martin by 9.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 38,855 shares of the aerospace company’s stock worth $18,881,000 after purchasing an additional 3,442 shares in the last quarter. Finally, Moser Wealth Advisors LLC grew its stake in shares of Lockheed Martin by 5.8% in the fourth quarter. Moser Wealth Advisors LLC now owns 3,305 shares of the aerospace company’s stock worth $1,606,000 after purchasing an additional 182 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the subject of several research analyst reports. Citigroup reduced their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. TD Cowen increased their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Morgan Stanley dropped their target price 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. Truist Financial began coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the stock 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, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Stock Performance

NYSE:LMT opened at $444.05 on Monday. The firm has a market capitalization of $104.52 billion, a PE ratio of 19.95, a PEG ratio of 2.12 and a beta of 0.48. 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 Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The firm’s fifty day simple moving average is $484.84 and its 200 day simple moving average is $535.84.

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, 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%. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.97%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

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.