MONECO Advisors LLC Buys 60 Shares of Lockheed Martin Co. (NYSE:LMT)

MONECO Advisors LLC increased its position in Lockheed Martin Co. (NYSE:LMT) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,175 shares of the aerospace company’s stock after buying an additional 60 shares during the quarter. MONECO Advisors LLC’s holdings in Lockheed Martin were worth $1,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth approximately $246,000. Boston Trust Walden Corp increased its position in Lockheed Martin by 0.4% during the 3rd quarter. Boston Trust Walden Corp now owns 24,333 shares of the aerospace company’s stock valued at $14,224,000 after purchasing an additional 91 shares during the period. GHP Investment Advisors Inc. raised its holdings in Lockheed Martin by 8.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 4,186 shares of the aerospace company’s stock worth $2,447,000 after purchasing an additional 334 shares in the last quarter. AllGen Financial Advisors Inc. lifted its position in shares of Lockheed Martin by 4.0% in the 3rd quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company’s stock worth $274,000 after purchasing an additional 18 shares during the period. Finally, Manchester Financial Inc. bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $248,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the subject of a number of research reports. Morgan Stanley decreased their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Truist Financial began coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price for the company. Citigroup lowered their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Royal Bank of Canada reduced their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $441.20 on Monday. The company has a market capitalization of $103.86 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The company’s 50-day moving average is $469.94 and its 200 day moving average is $528.75.

Lockheed Martin (NYSE:LMT) last issued 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 net margin of 7.51% and a return on equity of 101.47%. Sell-side analysts expect that Lockheed Martin Co. will post 27.15 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 $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 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.