Lake Street Advisors Group LLC Purchases 3,112 Shares of Lockheed Martin Co. (NYSE:LMT)

Lake Street Advisors Group LLC increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 84.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,778 shares of the aerospace company’s stock after purchasing an additional 3,112 shares during the period. Lake Street Advisors Group LLC’s holdings in Lockheed Martin were worth $3,294,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LMT. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin in the 3rd quarter worth about $26,000. Capital Performance Advisors LLP purchased a new position in Lockheed Martin in the third quarter worth about $40,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter worth approximately $35,000. Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin during the third quarter valued at approximately $42,000. Finally, Vestor Capital LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $46,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.8 %

Shares of NYSE LMT opened at $448.34 on Wednesday. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The firm has a market capitalization of $105.53 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.07 and a beta of 0.48. The stock has a 50 day moving average price of $468.06 and a 200 day moving average price of $527.23. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last issued 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 return on equity of 101.47% and a net margin of 7.51%. Sell-side analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced 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. This represents a $13.20 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analyst Weigh In

LMT has been the topic of several analyst reports. Susquehanna cut their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. Barclays dropped 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 research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

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.