Roman Butler Fullerton & Co. Buys New Stake in Lockheed Martin Co. (NYSE:LMT)

Roman Butler Fullerton & Co. acquired a new stake in Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 534 shares of the aerospace company’s stock, valued at approximately $269,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Red Cedar Investment Management LLC grew its stake in Lockheed Martin by 5.0% during the 4th quarter. Red Cedar Investment Management LLC now owns 3,508 shares of the aerospace company’s stock valued at $1,705,000 after acquiring an additional 167 shares in the last quarter. Asset Planning Inc acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $859,000. Vicus Capital lifted its holdings in shares of Lockheed Martin by 2.3% in the 4th quarter. Vicus Capital now owns 1,779 shares of the aerospace company’s stock worth $865,000 after acquiring an additional 40 shares during the last quarter. W.H. Cornerstone Investments Inc. lifted its holdings in shares of Lockheed Martin by 81.2% in the 4th quarter. W.H. Cornerstone Investments Inc. now owns 1,332 shares of the aerospace company’s stock worth $647,000 after acquiring an additional 597 shares during the last quarter. Finally, First Merchants Corp lifted its holdings in Lockheed Martin by 0.4% during the 4th quarter. First Merchants Corp now owns 16,212 shares of the aerospace company’s stock worth $7,878,000 after buying an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays reduced their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. reduced their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Wells Fargo & Company reduced their target price on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Finally, Robert W. Baird increased their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Trading Down 2.7 %

NYSE LMT opened at $423.15 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The firm’s fifty day moving average price is $477.08 and its 200 day moving average price is $532.86. The company has a market capitalization of $99.60 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a 12 month low of $418.58 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 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%. On average, sell-side analysts expect that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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 paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

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.