Lockheed Martin Co. (NYSE:LMT) Stake Raised by Adero Partners LLC

Adero Partners LLC raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 2.5% during the 4th quarter, HoldingsChannel reports. The fund owned 1,289 shares of the aerospace company’s stock after purchasing an additional 32 shares during the period. Adero Partners LLC’s holdings in Lockheed Martin were worth $626,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. YANKCOM Partnership acquired a new position in Lockheed Martin in the 4th quarter valued at approximately $1,142,000. Trilogy Capital Inc. grew its holdings in shares of Lockheed Martin by 6.5% during the 4th quarter. Trilogy Capital Inc. now owns 6,295 shares of the aerospace company’s stock valued at $3,059,000 after acquiring an additional 386 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its stake in shares of Lockheed Martin by 126.3% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,380 shares of the aerospace company’s stock worth $2,614,000 after acquiring an additional 3,003 shares during the last quarter. Inman Jager Wealth Management LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter worth $1,545,000. Finally, Summit Wealth Partners LLC boosted its position in Lockheed Martin by 12.9% during the fourth quarter. Summit Wealth Partners LLC now owns 701 shares of the aerospace company’s stock valued at $340,000 after purchasing an additional 80 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

NYSE LMT opened at $449.44 on Thursday. The stock has a market capitalization of $105.79 billion, a PE ratio of 20.19, a P/E/G ratio of 2.96 and a beta of 0.48. The stock has a 50-day simple moving average of $489.62 and a 200 day simple moving average of $537.03. 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 Co. has a twelve month low of $413.92 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Research analysts anticipate that Lockheed Martin Co. will post 27.29 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend yield of 2.94%. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LMT. Wells Fargo & Company dropped their target price on 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. Barclays dropped their price objective on 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 cut 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. Citigroup dropped their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Finally, TD Cowen lifted their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. One equities 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 given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.