Dividend Assets Capital LLC Trims Stake in Lockheed Martin Co. (NYSE:LMT)

Dividend Assets Capital LLC trimmed its position in Lockheed Martin Co. (NYSE:LMT) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,262 shares of the aerospace company’s stock after selling 391 shares during the quarter. Dividend Assets Capital LLC’s holdings in Lockheed Martin were worth $3,043,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. McAdam LLC increased its position in Lockheed Martin by 101.7% during the 3rd quarter. McAdam LLC now owns 1,178 shares of the aerospace company’s stock valued at $689,000 after purchasing an additional 594 shares during the period. YHB Investment Advisors Inc. lifted its position in shares of Lockheed Martin by 28.0% in the 3rd quarter. YHB Investment Advisors Inc. now owns 685 shares of the aerospace company’s stock worth $400,000 after purchasing an additional 150 shares during the period. Romano Brothers AND Company increased its holdings in Lockheed Martin by 6.6% during the third quarter. Romano Brothers AND Company now owns 595 shares of the aerospace company’s stock valued at $348,000 after buying an additional 37 shares during the period. DT Investment Partners LLC increased its holdings in Lockheed Martin by 2.5% during the third quarter. DT Investment Partners LLC now owns 968 shares of the aerospace company’s stock valued at $566,000 after buying an additional 24 shares during the period. Finally, Investment Research & Advisory Group Inc. lifted its holdings in Lockheed Martin by 2.2% during the third quarter. Investment Research & Advisory Group Inc. now owns 5,146 shares of the aerospace company’s stock worth $3,008,000 after buying an additional 113 shares during the period. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Truist Financial started coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target on the stock. UBS Group cut their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased 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. Morgan Stanley cut their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Finally, 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. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $441.20 on Friday. The business has a fifty day moving average of $469.94 and a 200 day moving average of $528.97. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The firm has a market capitalization of $103.86 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 2.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its 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 101.47% and a net margin of 7.51%. As a group, research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.99%. 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.