Sterling Investment Advisors Ltd. Purchases 1,489 Shares of Lockheed Martin Co. (NYSE:LMT)

Sterling Investment Advisors Ltd. increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,226 shares of the aerospace company’s stock after buying an additional 1,489 shares during the period. Lockheed Martin accounts for approximately 1.6% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 18th biggest holding. Sterling Investment Advisors Ltd.’s holdings in Lockheed Martin were worth $6,427,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its holdings in Lockheed Martin by 20.5% in the third quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock valued at $62,000 after acquiring an additional 18 shares during the last quarter. Sunburst Financial Group LLC boosted its holdings in shares of Lockheed Martin by 3.3% during the 3rd quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company’s stock worth $331,000 after buying an additional 18 shares in the last quarter. Lmcg Investments LLC boosted its holdings in shares of Lockheed Martin by 3.0% during the 3rd quarter. Lmcg Investments LLC now owns 651 shares of the aerospace company’s stock worth $381,000 after buying an additional 19 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Lockheed Martin by 1.3% during the 3rd quarter. Assetmark Inc. now owns 1,470 shares of the aerospace company’s stock worth $859,000 after buying an additional 19 shares in the last quarter. Finally, Klingman & Associates LLC boosted its holdings in shares of Lockheed Martin by 1.1% during the 3rd quarter. Klingman & Associates LLC now owns 1,729 shares of the aerospace company’s stock worth $1,011,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.3 %

LMT opened at $439.62 on Tuesday. The stock’s fifty day moving average is $468.90 and its two-hundred day moving average is $527.96. The company has a market capitalization of $103.48 billion, a P/E ratio of 19.75, a PEG ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a 52 week low of $419.70 and a 52 week high of $618.95. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

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 given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.00%. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analyst Weigh In

LMT has been the topic of a number of research analyst reports. Citigroup cut their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Royal Bank of Canada cut their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Truist Financial initiated coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. Morgan Stanley lowered their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Finally, Barclays decreased their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

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.