Foster & Motley Inc. grew its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,331 shares of the aerospace company's stock after purchasing an additional 614 shares during the period. Foster & Motley Inc.'s holdings in Lockheed Martin were worth $5,506,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtue Capital Management LLC grew its holdings in Lockheed Martin by 112.8% during the third quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company's stock valued at $1,315,000 after purchasing an additional 1,192 shares during the last quarter. Bank of Montreal Can boosted its holdings in Lockheed Martin by 2.1% in the 3rd quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company's stock valued at $382,498,000 after purchasing an additional 13,253 shares during the period. Hilltop Holdings Inc. raised its position in shares of Lockheed Martin by 79.9% during the third quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company's stock valued at $7,054,000 after buying an additional 5,361 shares during the last quarter. Capital Investment Advisors LLC increased its stake in Lockheed Martin by 2.2% during the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock valued at $44,770,000 after acquiring an additional 2,011 shares during the period. Finally, Old West Investment Management LLC raised its holdings in Lockheed Martin by 6.6% in the 3rd quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company's stock valued at $15,569,000 after acquiring an additional 1,643 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on LMT. StockNews.com lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 3rd. Robert W. Baird increased their price objective on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. UBS Group reduced their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a research note on Wednesday. Morgan Stanley cut their price objective on Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Barclays cut their price target on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $555.80.
Get Our Latest Research Report on Lockheed Martin
Lockheed Martin Trading Up 0.5 %
LMT traded up $2.38 during midday trading on Thursday, reaching $456.74. 1,006,014 shares of the company's stock traded hands, compared to its average volume of 1,399,937. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a fifty day moving average of $495.56 and a two-hundred day moving average of $536.97. The stock has a market capitalization of $108.27 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 4.05 and a beta of 0.48.
Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly 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 return on equity of 101.44% and a net margin of 9.36%. On average, equities analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.
Lockheed Martin Announces Dividend
The company 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 $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin's dividend payout ratio is currently 47.79%.
About Lockheed Martin
(
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.
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