FourThought Financial Partners LLC Has $14.72 Million Stake in Lockheed Martin Co. (NYSE:LMT)

FourThought Financial Partners LLC lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,280 shares of the aerospace company’s stock after selling 156 shares during the period. Lockheed Martin makes up 1.5% of FourThought Financial Partners LLC’s investment portfolio, making the stock its 16th biggest holding. FourThought Financial Partners LLC’s holdings in Lockheed Martin were worth $14,715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LMT. Salomon & Ludwin LLC raised its holdings in shares of Lockheed Martin by 20.5% during the third quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 18 shares during the period. FCG Investment Co increased its position in shares of Lockheed Martin by 35.1% during the third quarter. FCG Investment Co now owns 5,057 shares of the aerospace company’s stock worth $2,956,000 after acquiring an additional 1,315 shares in the last quarter. Lederer & Associates Investment Counsel CA bought a new stake in shares of Lockheed Martin during the third quarter worth about $213,000. Inscription Capital LLC increased its position in shares of Lockheed Martin by 11.1% during the third quarter. Inscription Capital LLC now owns 1,058 shares of the aerospace company’s stock worth $619,000 after acquiring an additional 106 shares in the last quarter. Finally, Forbes J M & Co. LLP bought a new stake in shares of Lockheed Martin during the third quarter worth about $248,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LMT shares. Royal Bank of Canada decreased their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Susquehanna decreased their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. Truist Financial started coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price for the company. Wells Fargo & Company reduced 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 research report on Thursday, January 30th. Finally, Morgan Stanley reduced their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Stock Down 0.3 %

Lockheed Martin stock opened at $439.62 on Tuesday. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The firm has a 50 day moving average price of $468.90 and a 200-day moving average price of $527.96. The company has a market capitalization of $103.48 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.07 and a beta of 0.48. 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%. As a group, equities analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is currently 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.