Americana Partners LLC Boosts Holdings in Lockheed Martin Co. (NYSE:LMT)

Americana Partners LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 177.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 29,600 shares of the aerospace company’s stock after acquiring an additional 18,914 shares during the quarter. Americana Partners LLC’s holdings in Lockheed Martin were worth $14,384,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Strategic Advisors LLC increased its stake in shares of Lockheed Martin by 2.2% in the fourth quarter. Strategic Advisors LLC now owns 2,059 shares of the aerospace company’s stock worth $1,001,000 after buying an additional 45 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Lockheed Martin in the fourth quarter worth $63,000. Monument Capital Management increased its stake in shares of Lockheed Martin by 2.9% in the fourth quarter. Monument Capital Management now owns 1,345 shares of the aerospace company’s stock worth $654,000 after buying an additional 38 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Lockheed Martin by 3.9% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 8,783 shares of the aerospace company’s stock worth $4,268,000 after buying an additional 330 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its holdings in Lockheed Martin by 2.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 14,548 shares of the aerospace company’s stock worth $7,069,000 after purchasing an additional 302 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $423.15 on Monday. The company’s 50-day moving average price is $477.08 and its two-hundred day moving average price is $532.83. 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 stock has a market cap of $99.60 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a 52 week low of $418.58 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted 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 return on equity of 101.47% and a net margin of 7.51%. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 27.14 EPS for the current fiscal 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. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 3.12%. Lockheed Martin’s payout ratio is presently 59.30%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup decreased 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. Wells Fargo & Company decreased their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Royal Bank of Canada decreased their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Susquehanna decreased their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Finally, Barclays decreased their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.