Lockheed Martin Co. (NYSE:LMT) Shares Acquired by BLB&B Advisors LLC

BLB&B Advisors LLC boosted its position in Lockheed Martin Co. (NYSE:LMT) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,679 shares of the aerospace company’s stock after purchasing an additional 649 shares during the quarter. BLB&B Advisors LLC’s holdings in Lockheed Martin were worth $12,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Platform Technology Partners raised its position in shares of Lockheed Martin by 1.1% in the fourth quarter. Platform Technology Partners now owns 4,166 shares of the aerospace company’s stock valued at $2,025,000 after buying an additional 44 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Lockheed Martin in the 4th quarter worth approximately $1,331,000. FFG Partners LLC raised its holdings in Lockheed Martin by 2.0% in the 4th quarter. FFG Partners LLC now owns 19,079 shares of the aerospace company’s stock valued at $9,271,000 after acquiring an additional 371 shares during the last quarter. Prairie Wealth Advisors Inc. purchased a new position in shares of Lockheed Martin during the 4th quarter worth $224,000. Finally, Fairvoy Private Wealth LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $455,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LMT. Royal Bank of Canada dropped their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Truist Financial initiated coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. Citigroup decreased their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, UBS Group dropped their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $444.05 on Friday. The firm has a market capitalization of $104.52 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 2.96 and a beta of 0.48. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The stock’s 50 day moving average price is $486.55 and its 200 day moving average price is $535.81. 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 posted its 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 net margin of 7.51% and a return on equity of 101.47%. As a group, sell-side analysts expect that Lockheed Martin Co. will post 27.29 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid 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 2.97%. Lockheed Martin’s dividend payout ratio is presently 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.