Woodward Diversified Capital LLC Trims Stock Position in Lockheed Martin Co. (NYSE:LMT)

Woodward Diversified Capital LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 43.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 603 shares of the aerospace company’s stock after selling 455 shares during the period. Woodward Diversified Capital LLC’s holdings in Lockheed Martin were worth $293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LMT. USA Financial Formulas bought a new position in Lockheed Martin in the 3rd quarter worth $233,000. Cypress Wealth Services LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at about $440,000. Watts Gwilliam & Co. LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at about $1,096,000. Merrion Investment Management Co LLC grew its stake in shares of Lockheed Martin by 8.8% during the 3rd quarter. Merrion Investment Management Co LLC now owns 495 shares of the aerospace company’s stock valued at $289,000 after acquiring an additional 40 shares during the period. Finally, Independence Bank of Kentucky increased its holdings in Lockheed Martin by 23.0% in the 3rd quarter. Independence Bank of Kentucky now owns 3,086 shares of the aerospace company’s stock worth $1,804,000 after acquiring an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Citigroup cut their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada lowered their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $444.05 on Friday. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a market cap of $104.52 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.96 and a beta of 0.48. The firm’s fifty day moving average is $486.55 and its 200 day moving average is $535.81. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly 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%. Sell-side analysts forecast that Lockheed Martin Co. will post 27.29 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Lockheed Martin Company 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.