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Capital Investment Advisory Services LLC Buys 771 Shares of Lockheed Martin Co. (NYSE:LMT)

Lockheed Martin logo with Aerospace background

Capital Investment Advisory Services LLC grew its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,830 shares of the aerospace company's stock after acquiring an additional 771 shares during the quarter. Capital Investment Advisory Services LLC's holdings in Lockheed Martin were worth $2,833,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LMT. Synergy Asset Management LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $3,510,000. Strategic Planning Group LLC lifted its holdings in shares of Lockheed Martin by 3.6% in the fourth quarter. Strategic Planning Group LLC now owns 8,153 shares of the aerospace company's stock valued at $3,962,000 after purchasing an additional 283 shares in the last quarter. Baring Financial LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter worth $1,314,000. Gries Financial LLC grew its holdings in shares of Lockheed Martin by 7.2% during the fourth quarter. Gries Financial LLC now owns 743 shares of the aerospace company's stock valued at $361,000 after buying an additional 50 shares in the last quarter. Finally, Foster & Motley Inc. raised its position in Lockheed Martin by 5.7% during the fourth quarter. Foster & Motley Inc. now owns 11,331 shares of the aerospace company's stock valued at $5,506,000 after buying an additional 614 shares during the period. Institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LMT shares. StockNews.com lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 3rd. Royal Bank of Canada cut their price objective 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. Barclays lowered their price target on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and dropped their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, UBS Group dropped their target price on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $555.60.

View Our Latest Report on Lockheed Martin

Lockheed Martin Price Performance

NYSE LMT traded up $4.76 on Thursday, hitting $459.12. 1,910,733 shares of the company's stock were exchanged, compared to its average volume of 1,449,486. The stock has a 50-day moving average of $495.56 and a 200-day moving average of $536.97. The stock has a market cap of $108.83 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating 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%. Analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.88%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's dividend payout ratio (DPR) is currently 47.79%.

Lockheed Martin Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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