BSW Wealth Partners Increases Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

BSW Wealth Partners increased its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 89.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,588 shares of the aerospace company's stock after purchasing an additional 750 shares during the quarter. BSW Wealth Partners' holdings in Lockheed Martin were worth $772,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LMT. Algert Global LLC purchased a new stake in Lockheed Martin during the 2nd quarter worth approximately $277,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Lockheed Martin by 0.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 49,353 shares of the aerospace company's stock worth $23,063,000 after purchasing an additional 338 shares in the last quarter. Regal Investment Advisors LLC lifted its holdings in Lockheed Martin by 103.9% in the 2nd quarter. Regal Investment Advisors LLC now owns 2,235 shares of the aerospace company's stock valued at $1,044,000 after purchasing an additional 1,139 shares in the last quarter. Gateway Wealth Partners LLC boosted its stake in Lockheed Martin by 161.9% during the 2nd quarter. Gateway Wealth Partners LLC now owns 1,215 shares of the aerospace company's stock worth $567,000 after purchasing an additional 751 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its holdings in shares of Lockheed Martin by 10.2% during the second quarter. EP Wealth Advisors LLC now owns 12,886 shares of the aerospace company's stock worth $6,019,000 after buying an additional 1,191 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Down 0.7 %

NYSE LMT traded down $3.27 on Wednesday, reaching $454.18. The stock had a trading volume of 2,396,221 shares, compared to its average volume of 1,423,813. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The stock has a fifty day moving average price of $497.18 and a two-hundred day moving average price of $537.55. The firm has a market capitalization of $107.66 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 4.05 and a beta of 0.48. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

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. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.91%. Lockheed Martin's dividend payout ratio (DPR) is presently 59.30%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LMT. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price target for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Wells Fargo & Company cut their price target on Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating for the company in a report on Wednesday, January 8th. TD Cowen boosted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. StockNews.com downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada lowered their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $556.13.

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.